Magellan Midstream Partners, L.P. (MMP) reported third quarter net income of $54.22 million, compared to $69.35 million last year.
Net income per limited partner unit was $0.43, compared to $0.46 in the year ago quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share. Analysts' estimates typically exclude special items.
Total revenues declined to $239.77 million from $292.19 million in the same quarter last year. Seven analysts estimated revenues of $248.31 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.