Better Buy: Magellan Midstream Partners vs. Kinder Morgan [The Motley Fool]
Magellan Midstream Partners L.P. Limited Partnership (MMP)
Last magellan midstream partners l.p. limited partnership earnings: 5/1 08:00 am
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US:NYSE Investor Relations:
magellanlp.com/investors/default.aspx
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Source: The Motley Fool
The energy sector Two of North America's largest midstream operators, Magellan Midstream Partners ( NYSE:MMP Kinder Morgan NYSE:KMI XLE YCharts Magellan has a solid reputation as a reliable Master Limited Partnership In the case of an MLP, a distribution (similar to a dividend) is passed to a unitholder (similar to a shareholder). The main reason companies choose to structure themselves as MLPs is that the company doesn't have to pay taxes on the portion of its earnings it distributes to unitholders; only the unitholders do. This avoids the "double taxation" issue that corporations face. In essence, the benefit of structuring an entity as an MLP is that it reduces the overall tax burden to stakeholders. Dependent on reliable and growing distributions, the popularity of MLPs has decreased in recent years among the headwinds of today's oil and gas market. Magellan is one of the few that has remained stable. Despite its 09 net income falling to $.0 billion from $. billion in 08, Magellan
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