How Risky Is Magellan Midstream Partners, L.P.?

Magellan Midstream Partners (NYSE: MMP) operates a relatively low-risk business model since the bulk of its earnings come from an extensive portfolio of fee-based pipelines and storage terminals. However, building that stable portfolio is just one of the steps the company has taken to keep risk at bay. Here's a closer look at how it stacks up against its peers and how its lower risk profile has helped the company overcome obstacles in the past so it could continue paying a growing distribution to investors.

Three critical numbers for MLP investors are the percentage of cash flow underpinned by fees, the distribution coverage ratio, and the leverage ratio. Here's how Magellan Midstream Partners' metrics compare to several notable rivals:

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Source: Fool.com