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.

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Energy Transfer and Magellan Midstream are two investment-grade midstream MLPs that sport high yields. While MMP has a lower leverage ratio and vastly superior track record, ET is bigger, more diversified, and offers a much higher distributable cash flow yield.

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Magellan Midstream Partners (MMP) expects net income generation of $975 million and distributable cash flow of $1.18 billion in 2023.

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MMP just released Q4 and FY2022 results. MMP management provided two very important updates that significantly impact the investment thesis.

Magellan Midstream Q4 Earnings: 2 Very Important Takeaways

Magellan Midstream Partners, L.P. (NYSE:MMP ) Q4 2022 Results Conference Call February 2, 2023 1:30 PM ET Company Participants Aaron Milford - CEO Jeff Holman - CFO Conference Call Participants Theresa Chen - Barclays Praneeth Satish - Wells Fargo Jeremy Tonet - JPMorgan Spiro Dounis - Citi Keith Stanley - Wolfe Research John Mackay - Goldman Sachs Michael Cusimano - Pickering Energy Partners James Carreker - U.S. Capital Advisors Operator Greetings, and welcome to the Magellan Midstream Partners Fourth Quarter Earnings Conference Call.

Magellan Midstream Partners, L.P. (MMP) Q4 2022 Earnings Call Transcript

Guides to 2023 Annual Net Income of $975 Million and Distributable Cash Flow of $1.18 Billion TULSA, Okla. , Feb. 2, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream Reports Fourth-Quarter 2022 Financial Results

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

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TULSA, Okla. , Jan. 24, 2023 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P.

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Magellan Midstream Partners, L.P. is one of the largest and most well-known refined products-focused midstream partnerships in the United States. The company's cash flows vary a bit more than other midstream companies because it is more subject to product demand.

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

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News for Magellan Midstream Partners Stock (MMP)