Magellan Midstream (MMP) Q3 Earnings Beat, Revenues Miss

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Magellan Midstream (MMP) Q3 Earnings Beat, Revenues Miss

An Earnings Beat: Pipeline operator Magellan Midstream Companions L.P. MMP reported adjusted earnin


An Earnings Beat: Pipeline operator Magellan Midstream Companions L.P. MMP reported adjusted earnings per unit of $1.19, forward of the Zacks Consensus Estimate of $1.09. Sturdy contribution from the Refined Merchandise working section led to the beat.

Estimate Revision Pattern & Shock Historical past: The inventory had seen the Zacks Consensus Estimate for third-quarter earnings stay primarily unmoved during the last 30 days.

Coming to earnings shock historical past, the partnership has a great report: its overwhelmed estimates in three of the final 4 quarters, as proven within the chart under:

Magellan Midstream Companions, L.P. Worth and EPS Shock

 

Magellan Midstream Partners, L.P. Price and EPS Surprise

Magellan Midstream Partners, L.P. price-eps-surprise | Magellan Midstream Partners, L.P. Quote

Income Underperformance: Magellan Midstream reported revenues of $656.6 million, under the Zacks Consensus Estimate of $675 million.



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