Magellan Midstream Partners (MMP) Tops Q2 EPS by 4c, Revenues Miss
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Magellan Midstream Reports Higher Second-Quarter Financial Results
August 2, 2018 8:30 AM EDTTULSA, Okla., Aug. 2, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $214.4 million for second quarter 2018 compared to $210.4 million for second quarter 2017.
Distributable cash flow (DCF), a non-generally accepted accounting principles (non-GAAP) financial measure that represents the amount of cash generated during the period that is available to pay distributions, was $266.6 million for second quarter 2018 compared to $250.4 million for second quarter 2017. Â
Diluted net income per limited partner unit was 94 cents in second quarter 2018 and 92 cents in second quarter 2017. Diluted net income per unit excluding mark-to-market (MTM)... More
