Robert Barnes - Magellan Midstream President

MMPDelisted Stock  USD 69.00  0.44  0.63%   

President

Mr. Robert L. Barnes currently serves as SVP, Commercial Crude Oil, of the Company. He currently serves as SVP, Commercial Crude Oil, of our general partner and has served in such capacity since 2014. He previously served as Vice President, Commercial Crude Oil and Marine Terminals, for Magellan from 2011 to 2014. From 2007 through 2011, he served as Vice President, Terminals, and, from 2003 through 2007, as Director, Marine Terminal Services. Prior to joining Magellan, he worked in various staff and management positions within marketing, business and commercial development, operations and environmental since joining Williams in 1987. since 2014.
Age 56
Tenure 10 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.

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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.

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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.
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