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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MMP has a huge portfolio of pipelines for transporting crude oil and refined products. Increased demand means increased business for MMP.

Technical Update On Magellan Midstream Partners - 8.5%

Over recent quarters, Magellan Midstream management has increased the amount of capital returned to unitholders. Management is comfortable with current debt levels and has pulled in the reins on capex.

Magellan Midstream: Stepping Up Return Of Capital To Unitholders

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TULSA, Okla., Jan. 4, 2022 /PRNewswire/ -- Magellan Midstream Partners, L.P.

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MMP yields just under 9% with 20 straight years of distribution growth. MMP is very undervalued at current prices and is trading at approximately 8.5x cash flows.

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Magellan Midstream Partners has restarted distribution growth after a nearly two-year hiatus. It was positive to see their cash flow performance recovering after a weak start to 2021, although this was not necessarily the reason for their higher distributions.

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TULSA, Okla., Dec. 15, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

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TULSA, Okla., Dec. 6, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P.

Magellan Midstream to Participate in Wells Fargo Virtual Investor Conference

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Magellan Midstream Partners operates a moat-worthy pipeline system of petroleum products in the U.S. It has a best-in-class track record of earning high returns on invested capital, and maintains strong capital returns to unitholders.

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News for Magellan Midstream Partners Stock (MMP)