Magellan Midstream Partners’ Revenue Breakdown (2016-2021)

Exclusive Data

You need the Pro Plan for unlimited access.

Pro Plan

$49 per month*

60% discount ends in:

00
Days
00
Hours
00
Mins.
00
Seconds

.

Download

About

This chart shows Magellan Midstream Partners’ Revenue Breakdown from Q1 2016 onwards, split across Affiliate management fee, Product sales and Transportation and Terminal revenue.
Subscribe to Pro or Enterprise plans to unlock this feature.
More information
Subscribe to Pro or Enterprise plans to unlock this feature.
Contact the Analyst
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on reddit
Share on facebook
Share on twitter
Share on linkedin
Share on email

Become a smarter investor today.

Access Business Quant for as low as $19/month

Become a smarter investor today.

Access KPIs & Segment Financials on US stocks

This chart shows Magellan Midstream Partners’ Revenue Breakdown from Q1 2016 onwards, split across Affiliate management fee, Product sales and Transportation and Terminal revenue.

Magellan Midstream Partners’ Revenue Breakdown

Revenue Mix  Q3 2020 Q2 2021  Q3 2021 Contribution in Q3 2021
Affiliate management fee revenue $5.29 $5.29 $5.33 1%
Product sales revenue $119.45 $193.07 $168.82 26%
Transportation and terminal revenue $473.53 $455.28 $464.91 73%
Total $598.26 $653.64 $639.05 100%

(All figures are in millions, except percentages)

Magellan Midstream Partners revenue increased from $598.26 million in Q3 2020 to $639.05 million in Q3 2021, growing by approximately 6.81% on a year-on-year basis. But there has been a decline of 2.23% on a quarter-on-quarter basis, from $653.64 million in Q2 2021 to $639.05 million in Q3 2021.

Affiliate Management Fee Revenue

The company operates and offers management services as well as receives payment for certain direct operational payroll and other overhead costs from companies like BridgeTex, HoustonLink, MVP, Powder Springs, Saddlehorn, Texas Frontera, and the pipeline activities of Seabrook. Revenue is recognised when customers take control of the commodity purchased.

The revenue increased marginally from $5.29 million in Q3 2020 to $5.33 million in Q3 2021, growing by 0.756% on a year-on-year basis. The revenue witnessed no growth from Q3 2020 to Q2 2021, thus even the quarter-on-quarter growth stood at 0.756%. The contribution of this category is very insignificant when compared with the other two verticals as it only contributes 1% to the company’s total revenue.

Product Revenue Sales 

Product revenue is generated from gas-liquid blending and fractionation activities as well as the sale of those products which are generated from the operations of pipelines and terminals. Revenue is recognized for crude oil shipments when customers’ products are delivered to their designated destinations. Due to the constant fluctuation in the prices of petroleum products, the company involves itself in hedging strategies. This strategy includes entering into a forward physical and exchange-traded gasoline futures contract at the time of purchase of related gas-liquid.

Revenue from this category increased from $119.45 million in Q3 2020 to $168.82 million in Q3 2021, approximately by 41.33% on a year-on-year basis. But there has been a decline in revenue from $193.07 million in Q2 2021 to $168.82 million approximately by 12.56%, on a quarter-on-quarter basis. This category contributes 26% to the company’s total revenue in Q3 2021.

Transportation and Terminal Revenue

Transportation and terminal revenue includes revenue from transportation tariffs on volume shipped from refined products pipeline system. These tariffs depend on where products originate and where the ultimate delivery is to be made.

There has been a decrease in revenue from $473.53 million in Q3 2020 to $464.91 million in Q3 2021, approximately by 1.82%. This decrease was caused by a reduction in transportation volumes due to lower demand and reduced drilling activities, which was on account of a lower commodity price environment. The sale of three marine terminals and the discontinuation of ammonia pipeline operations also led to a decrease in revenue. On a quarter-on-quarter basis, the revenue increased by 2.11%, from $455.28 million in Q2 2021 to $464.91 million in Q3 2021.

About the company

Magellan Midstream Partners is a publicly-traded company that focuses on transportation, storage and distribution of refined petroleum products. It is based in Tulsa, Oklahoma, and is listed on New York Stock Exchange (NYSE) under the symbol “MMP”. The company consists of two segments, the refined product segment and the crude oil segment. The company’s refined products are output from crude oil refineries. These refined products include gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. Covid-19 pandemic has negatively impacted the operations of the company. Due to the reduction in the operation of economic activity, the demand for petroleum products has declined. This led to lower crude oil prices and reduced refined products demand, which created a downward pressure in domestic crude oil production.

Did you like Magellan Midstream Partners’ Revenue Breakdown statistic?

Access more such Key Performance Indicator (KPI) data points and segment financials, on thousands of US stocks, with Business Quant.

You can get started here.

Read more

Access Segment financials and KPI data on US stocks

Our Plans

Always know what you’ll pay. No hidden costs or surprises.

  • Annual
  • Monthly

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount until May 31

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
$19
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our dashboards and dossiers.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Billed annually, local taxes extra. 

Basic

Get to know us

  • Access only basic data
  • This statistic is not included The statistic that you're currently viewing, is not included in the Basic plan. Please subscribe to the Pro plan to access this statistic.
$0
per month
Start for Free

60% discount on Annual plan

Pro

For serious investing

  • This statistic is included Instant access to all the data and features on the Business Quant platform. This also includes access to the statistic that you're currently viewing.
  • Granular KPI data Access segment financials, non-GAAP metrics and KPI data from presentations and filings. Examples include financials by segment / region / product category, AT&T's broadband subscriber trends, Tesla's deliveries by model and lots more.
  • Stock research tools Features include : Stock screener, Stock comparison, sector financials, stock warnings, advanced charting tools, financial statements dating back 10+ years, stock reports, SEC filings and stock ratings. There are 200+ financial items and ratios on thousands of US stocks.
  • Industry data & tools Access premium operating data on 40+ industries. Examples include market share, smartphone shipments by vendor, subscribers by wireless carrier, historical gold production. There are 20,000+ such statistics.
$49
per month*
Buy Now

Enterprise

For tailored workflows

  • All of Pro plan Get unfettered access to all our features.
  • Custom built features Get tailored dashboards built specially for you , based on your set of requirements, to simplify your research workflow.
$99
per month, onwards*
Contact Us

* Local taxes extra. 

BQ Star Yellow 60%

Get Pro for 60% off

  • Access all features immediately
  • Datasets updated every day
  • Export data in CSV and XLSX formats

Offer Ends In

Starting from $49 $19 / month

.