UPDATE: Magellan Midstream Q2 Adj. EPS $1.23 Beats $1.10 Estimate, Sales $877.20M Beat $797.91M Estimate

Magellan Midstream (NYSE:MMP) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.10 by 11.82 percent. This is a 5.13 percent increase over earnings of $1.17 per share from the same period last year. The company reported quarterly sales of $877.20 million which beat the analyst consensus estimate of $797.91 million by 9.94 percent. This is a 11.24 percent increase over sales of $788.60 million the same period last year.