Magellan Midstream Partners Q4 Profit Rises - Quick Facts

(RTTNews) - Magellan Midstream Partners, L.P. (MMP) reported that its fourth-quarter net income increased to $190.01 million or $0.83 per limited partner unit, from $153.80 million or $0.68 per unit, last year.

On average, 17 analysts polled by Thomson Reuters expected the comapany to reort profit per unit of $0.81 for the quarter. Analysts' estimates typically exclude special items. Total revenue increased year-over-year to $577.44 million, from $503.20 million. Analysts expected revenue of $557.47 million for the quarter. For fiscal 2014, the company expects its net income per limited partner unit to be $2.90, with first-quarter guidance of 70 cents. Analysts expect the company to report fiscal 2014 earnings per unit of $2.83, and first-quarter earnings per unit of $0.66.