Magellan Midstream Partners LP (NYSE:MMP)

80.10
Real-Time Quote
 +0.77 / +0.97%
Today’s Change
58.18
Today|||52-Week Range
90.08
+26.60%
Year-to-Date
SECTOR
Industrial Services
INDUSTRY
Oil & Gas Pipelines
MARKET CAP
$18.0B

Company Description

Magellan Midstream Partners LP is engaged in the transportation, storage and distribution of petroleum products, such as gasoline, diesel fuel and crude oil. The company operates through three segments: Refined Products Pipeline and Terminals, Crude Pipeline and Terminals and Marine Storage. The Refined Products Pipeline and Terminals segment will include the financial results from most of petroleum pipeline system segment as well as results from the inland terminals and the ammonia pipeline system segment. The Crude Pipeline and Terminals segment will include the financial results for: (i) the Crane-to-Houston crude pipeline; (ii) the Cushing, Oklahoma pipeline and terminal; (iii) the South Texas crude pipeline; (iv) the crude components of East Houston, Texas terminal; (v) the condensate components of Corpus Christi, Texas terminal; (vi) the Gibson, Louisiana terminal; and (vii) the equity earnings of the Osage pipeline, the Double Eagle pipeline, and the BridgeTex pipeline. The Marine Storage segment will include the financial results from petroleum terminals segment except that the financial results from inland terminals will be reported with the financial results of the refined products pipeline and terminals segment. Magellan Midstream Partners was founded in August 2000 and is headquartered in Tulsa, OK.

Contact Information

Magellan Midstream Partners LP
One Williams Center
Tulsa Oklahoma 74172
P:(918) 574-7000
Investor Relations:
(918) 574-7650

Employees

Shareholders

Other institutional39.85%
Mutual fund holders18.72%
Individual stakeholders0.82%

Top Executives

Michael N. MearsChairman, President & Chief Executive Officer
Larry J. DaviedSenior VP-Operations & Technical Services
Michael P. OsborneChief Financial Officer & Senior Vice President
Lisa J. KornerSenior VP-Human Resources & Administration
Douglas J. MaySVP, General Counsel, Compliance & Ethics Officer

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