trending Market Intelligence /marketintelligence/en/news-insights/trending/xJeA1_RcAQakv0_960KVSA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Magellan's Q2 results climb; guidance raised on better market conditions

A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

S&P podcast - Coronavirus pandemic, oil price crash shake up energy sector

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper


Magellan's Q2 results climb; guidance raised on better market conditions

Magellan Midstream Partners LP on Aug. 1 reported second-quarter adjusted EBITDA of $378.3 million, an increase from $338.6 million a year earlier.

The S&P Global Market Intelligence consensus estimate of adjusted EBITDA was $355.4 million.

The partnership's distributable cash flow for the quarter was $314.8 million, up from $266.6 million a year earlier.

Magellan reported net income of $253.7 million, an increase from $214.4 million a year earlier.

Magellan also increased its 2019 DCF guidance by $40 million, to $1.22 billion, or about 1.3 times the amount needed to pay projected cash distributions for the year, due to a more favorable commodity margin and differential environment. Net income per limited partner unit is expected to be $4.20 for 2019, with $1.03 projected for the third quarter.