Magellan Midstream Partners (MMP) Tops Q3 EPS by 16c
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Magellan Midstream Reports Third-Quarter 2022 Financial Results, Raises 2022 Annual Guidance
October 27, 2022 8:00 AM UTCTULSA, Okla., Oct. 27, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $330 million for third quarter 2022, compared to $237 million for third quarter 2021. The increase in current year net income was largely driven by higher profits from our commodity-related activities due to favorable mark-to-market (MTM) adjustments for related hedge positions, as well as overall improved financial results from our core fee-based transportation and terminals activities.
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