What does the company MMP do? Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.
Is MMP a good stock to buy?
Magellan Midstream Partners has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 3 buy ratings, 10 hold ratings, and 1 sell rating.
Who owns Magellan Midstream?
Magellan Midstream Partners is a publicly traded partnership based in Tulsa, Oklahoma. It owns ammonia and petroleum pipelines in the Mid-Continent oil province.
Magellan Midstream Partners.
|Headquarters||Tulsa, Oklahoma , United States|
|Key people||Michael Mears (CEO & President)|
|Number of employees||1,300|
What sector is MMP in?
MLPs mainly operate in the energy industry, especially in pipeline construction.
How is MMP dividend taxed?
Magellan Midstream Partners, L.P. will not pay any federal income tax. Instead, each unitholder will be required to report on his income tax return his share of our income, gains, losses and deductions without regard to whether corresponding cash distributions are received.
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What industry is Magellan Midstream Partners?
Description. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products and Crude Oil segments.
How big is the Magellan pipeline?
Today, Magellan has a 9,800-mile refined products pipeline system with 54 connected terminals as well as 25 independent terminals not connected to our pipeline system and two marine storage terminals (one of which is owned through a joint venture).
Where does the Magellan pipeline run?
Magellan (ticker: MMP) also runs crude-oil pipelines in Texas, Oklahoma, and some neighboring states. It has 100 million barrels of storage capacity. Its partnership units, which are down 35% so far in 2020, to about $41, look appealing with a 10% yield.
Is MMP a limited partnership?
Magellan Midstream Partners (MMP) is one of America's largest master limited partnerships. The MLP also owns storage facilities, terminals, and several thousand miles of ammonia and oil pipelines.
Is Magellan Midstream dividend safe?
However, if Magellan can't find a way to grow its business, the distribution's safety is hardly assured. That said, Magellan is conservatively managed. Its balance sheet, with a financial-debt-to-EBITDA ratio of about 3.9 times, is one of the strongest in the midstream space.
Can you own a MLP in a Roth IRA?
You can hold MLP shares in a retirement account, such as a Roth IRA. But unlike other IRA investments, MLP income can be immediately taxable if it reaches $1,000 or more.
Are MLP ETFS a good investment?
ETF investors can get the best of upside potential and downside protection with the Global X MLP ETF (MLPA). Overall, MLPA gives investors: High Income Potential: MLPs typically pay high yields to investors because they do not pay corporate income taxes.
What months does EPD pay dividends?
Enterprise Products Partners L.P. (EPD) will begin trading ex-dividend on October 28, 2021. A cash dividend payment of $0.45 per share is scheduled to be paid on November 12, 2021.
How is BDC income taxed?
As Regulated Investment Companies, BDCs aren't considered taxable entities. In exchange for this favorable tax treatment, however, a BDC must distribute at least 90% of its taxable income to shareholders as ordinary dividends each year. Since they retain very little of their earnings, BDCs don't pay corporate taxes.
Is Bam a MLP?
Take, for example, asset management company Brookfield Asset Management (NYSE:BAM). It's the parent of several master limited partnerships (MLPs) and subsidiaries, including MLP Brookfield Infrastructure Partners (NYSE:BIP).