Magellan Midstream Partners

Magellan Midstream Partners LP engages in the transportation, storage, and distribution of petroleum products. It operates through the following segments: Refined Products and Crude Oil. The Refined Products segment consists of an approximately 9,800-mile refined petroleum products pipeline system with 54 terminals and two marine storage terminals. The Crude Oil segment consists of approximately 2,200 miles of crude oil pipelines, a condensate splitter and 39 million barrels of aggregate storage capacity, of which approximately 29 million barrels are used for contract storage. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Earnings data Q2 2024

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Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.  Its assets transport, store, and distribute refined petroleum products and crude, generating a fee-based cash flow stream. Among the assets are the country's longest petroleum pipeline network and a number of crude oil pipelines. Refined products account for roughly 70% of operating margin, with the remainder primarily comprised of crude-oil pipelines. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel loading and unloading, additive injection, custom blending, laboratory testing, and data services. It also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners and other end-users of petroleum products.

ONEOK

The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.

Oneok Stock Falls After $19 Billion Deal to Become Oil and Gas Pipeline Giant

Oneok (NYSE: OKE) stock price has moved sideways in the past few days as crude oil and natural gas prices retreats. The stock was trading at $63 on Friday, 31% above the lowest level in  2022.

As Oneok acquires Magellan, here are the best MLP stocks to buy

MILWAUKEE , May 15, 2023 /PRNewswire/ -- Ademi LLP is investigating Magellan (NYSE: MMP) for possible breaches of fiduciary duty and other violations of law in its transaction with ONEOK.  Click here to learn how to join the action https://www.ademilaw.com/case/magellan-midstream-partners-lp or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Magellan Midstream Partners, L.P. has obtained a Fair Price in its transaction with ONEOK

The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value.

$14 Billion Deal to Create Mega-Pipeline Company

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Magellan Midstream Partners, L.P. (NYSE: MMP) to ONEOK, Inc. for $25.00 in cash and 0.6670 shares of ONEOK stock per unit is fair to Magellan shareholders. Halper Sadeh encourages Magellan shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The inve.

MMP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Magellan Midstream Partners, L.P. Is Fair to Shareholders

Brings together two premier energy infrastructure businesses with strong returns on invested capital and diverse free cash flow generation Expect to achieve immediate financial benefits, including cost, operational and tax synergies, supporting meaningful expected accretion Compelling long-term value proposition driven by consistent and disciplined capital allocation philosophy Complementary and diversified asset positions with potential for additional cost and commercial synergies over time Strong investment-grade credit ratings with enhanced scale and diversification TULSA, Okla. , May 14, 2023 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) ("ONEOK") and Magellan Midstream Partners, L.P.

ONEOK to Acquire Magellan Midstream Partners in Transaction Valued at $18.8 billion

MMP is set to raise its refined product tariffs by a robust 11% in July. This along with strong blending margins set the company up for nice growth in 2023.

Magellan Midstream Benefiting From Increased Tariffs

Magellan Midstream Partners, L.P. (NYSE:MMP ) Q1 2023 Earnings Conference Call May 4, 2023 1:30 PM ET Company Participants Aaron Milford - Chief Executive Officer Jeff Holman - Chief Financial Officer Conference Call Participants Theresa Chen - Barclays Jeremy Tonet - JPMorgan Keith Stanley - Wolfe Research Operator Greetings, and welcome to the Magellan Midstream Partners First Quarter Earnings Conference Call.

Magellan Midstream Partners, L.P. (MMP) Q1 2023 Earnings Call Transcript

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TULSA, Okla. , May 4, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Reports Increased First-Quarter 2023 Earnings, Raises 2023 Annual Guidance

Higher refined products' tariffs and an increase in fee-based revenues are likely to have boosted Magellan Midstream's (MMP) profit levels in the first quarter.

Are Magellan's (MMP) Q1 Earnings Poised to Beat Expectations?

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TULSA, Okla. , April 27, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

Magellan Midstream Declares Cash Distribution of $1.0475 for First Quarter 2023

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Magellan Midstream's distribution increase in 2022 wasn't huge, but its annual streak is up to 21 years. Energy Transfer gave its investors a massive raise last year -- and there should be more to come.

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Magellan Midstream is seeing record transportation volumes and plans a tariff increase in July. It's more future-proof than some may believe and is returning capital to unitholders via generous distributions and buybacks.

Magellan Midstream: More Future-Proof Than You Think

Both MMP and MPLX are sleep well at night high yield equities. While MMP has a higher credit rating, MPLX has a cheaper valuation.

Better High Yield SWAN Buy: Magellan Midstream Or MPLX?

TULSA, Okla. , April 3, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream to Announce First-Quarter 2023 Financial Results on May 4

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MPLX, MMP and EPD are among the best inflation-protected investments in today's markets.

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The stock market is inherently volatile. With the economy going through the boom and bust cycles more frequently, the extreme ups and downs of the market are inevitable. For most conservative investors, especially retirees, it's very difficult to tolerate large and deep drawdowns. However, it is almost impossible to avoid these issues with index investing.

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MMP has been an income investor's dream with a yield of 7.78% and 21 years of distribution growth which has led to a 1,400% increase in the quarterly distribution since inception. 85% of MMP's revenue is backed by fee-based contracts, which help secure its Adjusted EBITDA, DCF, and distributions.

Magellan Midstream: 7.78% Yield, 21 Years Of Distribution Growth, On My Watchlist

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