Benzinga | Jul 29, 2021 08:33AM EDT

Magellan Midstream Q2 Adj. EPS $1.38 Beats $1.01 Estimate, Sales $653.64M Beat $563.73M Estimate

Magellan Midstream (NYSE:MMP) reported quarterly earnings of $1.38 per share which beat the analyst consensus estimate of $1.01 by 36.63 percent. This is a 112.31 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $653.64 million which beat the analyst consensus estimate of $563.73 million by 15.95 percent. This is a 41.97 percent increase over sales of $460.41 million the same period last year.