MMP
Price:
$69
Market Cap:
$13.94B
Magellan Midstream Partners, L.P. (MMP) is an energy infrastructure firm primarily engaged in the logistics of refined petroleum products and crude oil throughout the United States. The company's operations are divided into two principal business units: Refined Products and Crude Oil. Its Refined Products segment oversees an extensive pipeline system for transporting a variety of fuels, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. This network serves a broad spectrum of clients, from wholesalers, retailers, and traders to major transportation providers like railroads and airlines, as well as local farm cooperatives. These products ultimately reach diverse end-ma...[Read more]
Industry
Oil & Gas Midstream
IPO Date
2001-03-19
Stock Exchange
NYSE
Ticker
MMP
According to Magellan Midstream Partners, L.P.’s latest financial reports and current stock price. The company's current Current Ratio is 0.98. This represents a change of -2.84% compared to the average of 1.01 of the last 4 quarters.
The mean historical Current Ratio of Magellan Midstream Partners, L.P. over the last ten years is 0.79. The current 0.98 Current Ratio has changed 12.24% with respect to the historical average. Over the past ten years (40 quarters), MMP's Current Ratio was at its highest in in the June 2021 quarter at 1.59. The Current Ratio was at its lowest in in the March 2020 quarter at 0.37.
Average
0.79
Median
0.74
Minimum
0.48
Maximum
1.24
Discovering the peaks and valleys of Magellan Midstream Partners, L.P. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 71.04%
Maximum Annual Current Ratio = 1.24
Minimum Annual Increase = -65.15%
Minimum Annual Current Ratio = 0.48
| Year | Current Ratio | Change |
|---|---|---|
| 2022 | 0.98 | -21.07% |
| 2021 | 1.24 | 71.04% |
| 2020 | 0.73 | 5.30% |
| 2019 | 0.69 | -27.89% |
| 2018 | 0.96 | 30.62% |
| 2017 | 0.73 | -4.89% |
| 2016 | 0.77 | 61.83% |
| 2015 | 0.48 | -36.73% |
| 2014 | 0.75 | 20.83% |
| 2013 | 0.62 | -65.15% |
The current Current Ratio of Magellan Midstream Partners, L.P. (MMP) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
0.98
5-year avg
0.92
10-year avg
0.79
Magellan Midstream Partners, L.P.’s Current Ratio is greater than Marathon Oil Corporation (0.40), greater than DCP Midstream, LP (0.68), greater than Equitrans Midstream Corporation (0.76), less than Expand Energy Corporation (1.11), less than HF Sinclair Corporation (1.79), less than Coterra Energy Inc. (1.01), less than Holly Energy Partners, L.P. (1.20), greater than EnLink Midstream, LLC (0.84), less than Crestwood Equity Partners LP (1.28),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.40 | $15.97B | |
| 0.68 | $8.70B | |
| 0.76 | $5.43B | |
| 1.11 | $20.81B | |
| 1.79 | $11.63B | |
| 1.01 | $24.72B | |
| 1.20 | $2.59B | |
| 0.84 | $6.45B | |
| 1.28 | $2.97B |
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