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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Magellan Midstream is making sure it has plenty of fuel sources to continue increasing its 6.8% yield.

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Tulsa, Oklahoma-based Magellan Midstream Partners LP (NYSE:MMP) has been exemplary after beating earnings expectations quarter after quarter for the past 12 months.

Incredibly Attractive Dividend Yield From Magellan Midstream Partners

Magellan Midstream Partners added several new expansion projects to its backlog during the third quarter.

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Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q3 2019 Results - Earnings Call Transcript

Magellan Midstream (MMP) reported that its distributable cash flow (DCF) for third-quarter 2019 came in at $306.8 million, up 8.9% from the year-ago quarter.

Magellan Midstream (MMP) Q3 Earnings Beat, Revenues Miss

A transporter of gasoline and diesel fuel, Magellan's (MMP) straight-forward fee-based business model makes it less susceptible to volatile commodity prices.

Magellan (MMP) to Report Q3 Earnings: What's in the Cards?

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Magellan Midstream's (MMP) simplified fee-based business model makes it less vulnerable to volatile commodity prices.

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Magellan's (MMP) newly-built pipeline stretching from East Houston terminal to Hearne, TX is 135-mile long with a diameter measuring 20 inches.

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Owing to volume growth demanded by the shippers during a July open season, Magellan Midstream Partners (MMP) decides to expand the size of its Saddlehorn pipeline by 100,000 bpd.

Magellan (MMP) to Expand Saddlehorn Capacity to 290,000BPD

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Magellan Midstream: A Fairly Valued, Decent 6% Yield

For full-year 2019, Magellan Midstream Partners (MMP) expects to generate distributable cash flow of approximately $1.22 billion, up from the prior forecast of $1.18 billion.

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The pipeline company reported better-than-expected results and assured investors that it's working on plenty of growth opportunities.

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Magellan Midstream Partners LP (MMP) CEO Michael Mears on Q2 2019 Results - Earnings Call Transcript

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Magellan Midstream was able to grow the shipped volume of petroleum products consistently from 2008 to 2018, providing stability to its business.

News for Magellan Midstream Partners Stock (MMP)