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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