Benzinga | Feb 2, 2021 08:04AM EST

Magellan Midstream Q4 EPS $0.94 Beats $0.85 Estimate, Sales $586.32M Miss $639.04M Estimate

Magellan Midstream (NYSE:MMP) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.85 by 10.59 percent. This is a 28.24 percent decrease over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $586.32 million which missed the analyst consensus estimate of $639.04 million by 8.25 percent. This is a 20.84 percent decrease over sales of $740.68 million the same period last year.