Benzinga | Oct 30, 2020 08:03AM EDT

Magellan Midstream Q3 EPS $0.94 Beats $0.84 Estimate, Sales $598.26M Beat $574.94M Estimate

Magellan Midstream (NYSE:MMP) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.84 by 11.9 percent. This is a 21.01 percent decrease over earnings of $1.19 per share from the same period last year. The company reported quarterly sales of $598.26 million which beat the analyst consensus estimate of $574.94 million by 4.06 percent. This is a 8.88 percent decrease over sales of $656.60 million the same period last year.