Magellan Midstream Partners L.P. Net Tangible Assets

Magellan Midstream Partners L.P. posts a net tangible assets of $-94M as of June 2023. That compares with $1.7B in the prior-year period — down 105.6% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Magellan Midstream Partners L.P.'s net tangible assets was $1.7B. The latest reading is $-94M — a 105.6% year-over-year decrease (period ending June 2023). Use the history and growth charts on this page for a longer lookback.

Net Tangible Assets is one piece of Magellan Midstream Partners L.P.'s financial statement story. At $-94M, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for MMP's net tangible assets usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Magellan Midstream Partners L.P.'s other metric pages and overview cover the third.

Judging Magellan Midstream Partners L.P. against Energy peers is usually better than using a market-wide rule of thumb. Business models inside Energy are more comparable, which makes gaps in net tangible assets easier to interpret. Start with $-94M here, then scan peer and history charts to see if the gap is persistent.