General | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Magellan Midstream Details 4Q, 2014 Results; 2015 Outlook
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Magellan Midstream Partners, L.P. reported net income of $252.1 million for fourth quarter 2014 compared to $190.0 million for fourth quarter 2013.
Diluted net income per limited partner unit was $1.10 in fourth quarter 2014 and 83 cents in fourth quarter 2013. Diluted net income per unit excluding mark-to-market (MTM) commodity-related pricing adjustments, a non-generally accepted accounting principles (non-GAAP) financial measure, was 93 cents for fourth quarter 2014, similar to the 92-cent guidance provided by management in Oct. 2014.
Distributable cash flow (DCF), a non-GAAP financial measure that represents the amount of cash generated during the period that is available to pay distributions, was $248.1 million for fourth quarter 2014 compared to $236.6 million for fourth quarter…
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