Recap: Magellan Midstream Q2 Earnings

 

Magellan Midstream MMP reported its Q2 earnings results on Thursday, July 28, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Magellan Midstream beat estimated earnings by 11.43%, reporting an EPS of $1.17 versus an estimate of $1.05.

Revenue was up $134.96 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 0.39% increase in the share price the next day.

Here's a look at Magellan Midstream's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 1.04 1.10 0.97 1.01
EPS Actual 1.10 1.24 1.09 1.38
Revenue Estimate 716.21M 663.37M 639.83M 563.73M
Revenue Actual 674.70M 809.30M 639.05M 653.64M

To track all earnings releases for Magellan Midstream visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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