Benzinga | Jul 30, 2020 08:39AM EDT

Magellan Midstream Q2 EPS $0.59 Misses $0.73 Estimate, Sales $460.41M Miss $558.03M Estimate

Magellan Midstream (NYSE:MMP) reported quarterly earnings of $0.59 per share which missed the analyst consensus estimate of $0.73 by 19.18 percent. This is a 50.83 percent decrease over earnings of $1.20 per share from the same period last year. The company reported quarterly sales of $460.41 million which missed the analyst consensus estimate of $558.03 million by 17.49 percent. This is a 34.39 percent decrease over sales of $701.70 million the same period last year.