Magellan Midstream MMP reported its Q3 earnings results on Thursday, October 27, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Magellan Midstream beat estimated earnings by 14.16%, reporting an EPS of $1.29 versus an estimate of $1.13.
Revenue was up $237.05 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 0.57% increase in the share price the next day.
Here's a look at Magellan Midstream's past performance:
|Quarter||Q2 2022||Q1 2022||Q4 2021||Q3 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Magellan Midstream management provided guidance for FY 2022, expecting earnings between $5.25 and $5.25 per share.
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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