Michael Aaronson - Magellan Midstream President

MMPDelisted Stock  USD 69.00  0.44  0.63%   

President

Mr. Michael J. Aaronson is a Senior Vice President Business Development of Magellan GP, LLC of the Company. He serves as SVP, Business Development and has served in such capacity since April 1, 2016. He served as Vice President, Crude Oil Business Development from 2015 through March 2016. From 2014 through 2015, he served as Vice President, Crude Oil Transportation and Storage, from 2012 through 2013, he served as Director, Crude Oil Transportation and Storage and, from 2011 through 2012, he served as Director, Business Development. Prior to joining Magellan, Mr. Aaronson served as Vice President and CFO for Exterran GP LLC from 2010 through 2011. Prior to that, he served as Managing Partner of Boulder OAK Investment Fund, a private investment company, from 2009 to 2010. From 1997 to 2009, he served in positions of increasing responsibility with the Global Energy Power Investment Banking Group of Merrill Lynch Co., a financial management and advisory firm, including as Vice President beginning in 2004 and as Director beginning in 2007. since 2016.
Age 48
Tenure 8 years
Phone918 574 7000
Webhttps://www.magellanlp.com

Magellan Midstream Management Efficiency

The company has Return on Asset of 0.092 % which means that on every $100 spent on assets, it made $0.092 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.5918 %, implying that it generated $0.5918 on every 100 dollars invested. Magellan Midstream's management efficiency ratios could be used to measure how well Magellan Midstream manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 5.16 B in debt with debt to equity (D/E) ratio of 2.95, meaning that the company heavily relies on borrowing funds for operations. Magellan Midstream has a current ratio of 0.98, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Magellan Midstream until it has trouble settling it off, either with new capital or with free cash flow. So, Magellan Midstream's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Magellan Midstream sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Magellan to invest in growth at high rates of return. When we think about Magellan Midstream's use of debt, we should always consider it together with cash and equity.

Similar Executives

Showing other executives

PRESIDENT Age

John BlanchardUS Silica Holdings
47
Michael WinklerUS Silica Holdings
59
Martin CotterAnalog Devices
59
Andrew MacanUS Silica Holdings
45
Don WeinheimerUS Silica Holdings
57
Yusuf JamalAnalog Devices
40
Xionghui XieZijin Mining Group
49
Rick HessAnalog Devices
61
Stacy RussellUS Silica Holdings
53
Steven PietkiewiczAnalog Devices
58
Qixue FangZijin Mining Group
55
Joseph HassettAnalog Devices
66
Kaihui YangZijin Mining Group
50
Billy SmithUS Silica Holdings
47
Greg HendersonAnalog Devices
49
William MatsonAnalog Devices
54
Margaret SeifAnalog Devices
56
Donald MerrilUS Silica Holdings
60
David MurryUS Silica Holdings
56
Xiaodong HuangZijin Mining Group
60
Prashanth MahendraRajahAnalog Devices
54
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma. Magellan Midstream operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 1715 people. Magellan Midstream Partners (MMP) is traded on New York Stock Exchange in USA and employs 1,655 people.

Management Performance

Magellan Midstream Leadership Team

Elected by the shareholders, the Magellan Midstream's board of directors comprises two types of representatives: Magellan Midstream inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magellan. The board's role is to monitor Magellan Midstream's management team and ensure that shareholders' interests are well served. Magellan Midstream's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Magellan Midstream's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kyle Krshka, Commercial VP
Patrick Eilers, Independent Director of Magellan GP, LLC
Aaron Milford, Chief Operating Officer, Senior Vice President of the Magellan GP, LLC
James Montague, Independent Director of the Company and Magellan GP, LLC,
Barry Pearl, Lead Independent Director of Magellan GP, LLC
Edward Guay, Independent Director of Magellan GP, LLC
Paula Farrell, IR Contact Officer
Larry Davied, Senior Vice President - Operations and Technical Services of Magellan GP, LLC
Lori Gobillot, Independent Director of Magellan GP, LLC
Jeffrey Holman, Chief Financial Officer, Senior Vice President, Treasurer of the Magellan GP, LLC
Jeff Selvidge, Senior Vice President - Commercial of Magellan GP, LLC
Douglas May, Sr. VP of Magellan GP LLC, General Counsel of Magellan GP LLC, Compliance and Ethics Officer of Magellan GP LLC and Assistant Secretary of Magellan GP LLC
Michael Aaronson, Senior Vice President - Business Development of Magellan GP, LLC
Chansoo Joung, Independent Director of Magellan GP, LLC
Lisa Korner, Senior Vice President - Human Resources and Administration of Magellan GP, LLC
Michael Mears, Chairman of Magellan GP LLC, CEO of Magellan GP LLC and President of Magellan GP LLC
Brett Riley, Sr. VP of Bus. Devel. of Magellan GP LLC
Robert Croyle, Independent Director of Magellan GP, LLC
Jeffrey Selvidge, Senior Vice President - Commercial - Refined Products of Magellan GP, LLC
Walter Arnheim, Independent Director of Magellan GP, LLC
Mark Roles, Senior VP, Commercial — Refined Products
Melanie Little, Senior Vice President - Operations of Magellan GP, LLC
Stacy Methvin, Independent Director of Magellan GP, LLC
Michael Pearson, Senior Vice President Techniccal Services of Magellan GP, LLC
Robert Barnes, Senior Vice President - Commercial - Crude Oil of Magellan GP, LLC
Jeff Holman, CFO, Senior Vice President of the Magellan GP, LLC

Magellan Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Magellan Midstream a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

Other Consideration for investing in Magellan Stock

If you are still planning to invest in Magellan Midstream check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Magellan Midstream's history and understand the potential risks before investing.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation