Magellan Midstream Partners, L.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 877.2 million compared to USD 788.6 million a year ago. Net income was USD 238.7 million compared to USD 353.9 million a year ago. Basic earnings per share from continuing operations was USD 1.18 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 1.18 compared to USD 0.86 a year ago. Basic earnings per share was USD 1.18 compared to USD 1.67 a year ago. Diluted earnings per share was USD 1.18 compared to USD 1.67 a year ago.
For the six months, revenue was USD 1,746.9 million compared to USD 1,463.3 million a year ago. Net income was USD 512.6 million compared to USD 519.4 million a year ago. Basic earnings per share from continuing operations was USD 2.52 compared to USD 1.62 a year ago. Diluted earnings per share from continuing operations was USD 2.52 compared to USD 1.62 a year ago. Basic earnings per share was USD 2.52 compared to USD 2.45 a year ago. Diluted earnings per share was USD 2.52 compared to USD 2.45 a year ago.