Midstream Names Report Earnings Beat, Raise Guidance
A few midstream names this week reported second-quarter earnings beats, with two companies raising full-year guidance.
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A few midstream names this week reported second-quarter earnings beats, with two companies raising full-year guidance.
Magellan Midstream Partners on Thursday reported net income of $239 million for second quarter 2023, compared to $354 million for second quarter 2022.
Colonial River Wealth Management LLC grew its holdings in Magellan Midstream Partners, L.P. (NYSE:MMP – Free Report) by 3.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,685 shares of the pipeline company’s stock after acquiring an additional 195 shares during the period. Colonial River Wealth Management LLC’s holdings in Magellan Midstream Partners […]
American Financial Group Inc. increased its holdings in shares of Western Midstream Partners, LP (NYSE:WES – Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,000 shares of the pipeline company’s stock after buying an additional 500 shares during the quarter. […]
VettaFi discusses recent examples of consolidation across energy, including upstream, midstream, and oilfield services.