Magellan Midstream Partners, L.P. (N:MMP)

Business Focus: Oil & Gas Transportation Services

Mar 23, 2020 05:58 pm ET
Magellan Midstream to Host Investor Webcast on March 26
TULSA, Okla., March 23, 2020 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it will host a webcast for investors and research analysts at 10:00 a.m. Eastern on Thurs., March 26. As a result of the coronavirus situation, Magellan changed its previously-planned analyst day in Houston to this webcast event. During the webcast, management plans to provide an operational and financial update in light of the current dynamic environment, as well as address other important topics such as capital allocation and liquidity. ...
Nov 11, 2019 08:00 am ET
Magellan Midstream Launches Supplemental Open Season for West Texas Refined Products Pipeline Expansion
TULSA, Okla., Nov. 11, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today a supplemental open season to solicit additional commitments for transportation volume on the western leg of its refined petroleum products pipeline system in Texas. Binding commitments are due from interested customers by 5:00 p.m. Central Time on Dec. 20, 2019. ...
Oct 31, 2019 08:00 am ET
Magellan Midstream Reports Third-Quarter 2019 Financial Results
TULSA, Okla., Oct. 31, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $273.0 million for third quarter 2019 compared to $594.5 million for third quarter 2018, or $240.7 million excluding the $353.8 million gain related to the sale of a portion of the partnership's ownership interest in BridgeTex Pipeline Company, LLC in the year-ago period. ...
Oct 24, 2019 10:32 am ET
Magellan Midstream Increases Quarterly Cash Distribution to $1.02
TULSA, Okla., Oct. 24, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to $1.02 per unit for the period July 1 through Sept. 30, 2019, representing the 70th distribution increase since its initial public offering in 2001. ...
Oct 04, 2019 09:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index
DALLAS, Oct. 4, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on October 11, 2019, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on October 14, 2019:...
Oct 03, 2019 09:22 am ET
Magellan Midstream to Announce Third-Quarter 2019 Financial Results on Oct. 31
TULSA, Okla., Oct. 3, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2019 before the market opens on Thurs., Oct. 31. Management will discuss third-quarter earnings, outlook for the remainder of 2019 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Aug 29, 2019 08:30 am ET
Saddlehorn Pipeline to Further Expand Following Increased Volume Commitments
TULSA, Okla., Aug. 29, 2019 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") announced today a further expansion of the Saddlehorn pipeline. Following a successful open season during July and subsequent increased volume commitments from shippers, the pipeline's capacity will be increased by a total of 100,000 barrels per day ("bpd") to a new total capacity of approximately 290,000 bpd. The higher capacity is expected to be available in late 2020 following the addition of incremental pumping and storage capabilities. ...
Aug 09, 2019 12:41 pm ET
Alerian Reports June 30, 2019 Index Linked Product Positions
DALLAS, Aug. 9, 2019 /PRNewswire/ -- Alerian reported, as of June 28, 2019, total products directly tied to and tracking the Alerian indices was $13.7 billion. ...
Aug 08, 2019 05:40 pm ET
Magellan Midstream Prices $500 Million Debt Offering Due 2050
TULSA, Okla., Aug. 8, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 3.950% senior notes due 2050. The notes were priced at 99.910% of par to yield 3.955% to maturity. The partnership intends to use the net proceeds from this offering of approximately $494.4 million, after deducting underwriting discounts and estimated offering expenses, for general partnership purposes, including expansion capital projects. ...
Aug 01, 2019 08:00 am ET
Magellan Midstream Reports 18% Higher Second-Quarter 2019 Financial Results
TULSA, Okla., Aug. 1, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $253.7 million for second quarter 2019 compared to $214.4 million for second quarter 2018. ...
Jul 25, 2019 10:14 am ET
Magellan Midstream Increases Quarterly Cash Distribution to $1.0125
TULSA, Okla., July 25, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to $1.0125 per unit for the period April 1 through June 30, 2019, representing the 69th distribution increase since its initial public offering in 2001. ...
Jul 08, 2019 05:30 pm ET
Magellan Midstream to Announce Second-Quarter 2019 Financial Results on Aug. 1
TULSA, Okla., July 8, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2019 before the market opens on Thurs., Aug. 1. Management will discuss second-quarter earnings, outlook for the remainder of 2019 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Jul 01, 2019 09:00 am ET
Saddlehorn Pipeline to Expand and Add New Ft. Laramie Origin, Launches Open Season
TULSA, Okla., July 1, 2019 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") announced today a capital-efficient expansion of the Saddlehorn pipeline and a new Ft. Laramie, Wyoming origin. In connection with these enhancements, Saddlehorn has launched an open season to solicit long-term commitments for capacity on the pipeline system. Interested customers must submit binding commitments by 12:00 p.m. Central Time on July 31, 2019. ...
May 24, 2019 09:05 am ET
Magellan Midstream Announces Additional Board Member
TULSA, Okla., May 24, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that its board of directors has elected Chansoo Joung as an independent board member effective immediately....
May 13, 2019 09:00 am ET
Magellan Midstream to Participate in the 2019 MLP & Energy Infrastructure Conference
TULSA, Okla., May 13, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the 2019 MLP & Energy Infrastructure Conference hosted by the Master Limited Partnership Association at 9:15 a.m. Pacific Time on Wed., May 15 in Las Vegas, Nevada....
May 01, 2019 08:00 am ET
Magellan Midstream Reports First-Quarter 2019 Financial Results
TULSA, Okla., May 1, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $207.7 million for first quarter 2019 compared to $210.9 million for first quarter 2018. ...
Apr 25, 2019 10:24 am ET
Magellan Midstream Increases Quarterly Cash Distribution to $1.005
TULSA, Okla., April 25, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to $1.005 per unit for the period Jan. 1 through March 31, 2019, representing the 68th distribution increase since its initial public offering in 2001. ...
Apr 03, 2019 08:58 am ET
Magellan Midstream to Announce First-Quarter 2019 Financial Results on May 1
TULSA, Okla., April 3, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2019 before the market opens on Wed., May 1. Management will discuss first-quarter earnings, outlook for the remainder of 2019 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Mar 29, 2019 12:32 pm ET
Magellan Midstream and Navigator Energy Services Extend Open Season for Proposed Cushing-to-Houston Crude Oil Pipeline, with Midland Origin now under Evaluation
TULSA, Okla. and DALLAS, March 29, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) and Navigator Energy Services announced today an extension of the open season to solicit commitments from shippers for the proposed Voyager Pipeline, to transport various grades of light crude oil and condensate from Cushing, Oklahoma to Houston, Texas. Binding commitments are now due by 12:00 p.m. Central Daylight Time on May 31, 2019. Significant interest continues to be expressed from potential shippers, particularly those reaching Voyager from connecting carriers in multiple producing re...
Mar 27, 2019 04:30 pm ET
Magellan Midstream Promotes Executives to Chief Operating Officer and Chief Financial Officer
TULSA, Okla., March 27, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford has been promoted to chief operating officer effective May 1. Milford previously served as chief financial officer for Magellan. In this newly-created position, Milford will have overall responsibility for the operations, commercial, engineering and information technology aspects of the business....
Mar 04, 2019 07:55 am ET
Report: Developing Opportunities within General Dynamics, Blackbaud, Sanofi, Magellan Midstream Partners, Air Transport Services Group, and Entergy — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of General Dynamics Corporation (NYSE:GD), Blackbaud, Inc. (NASDAQ:BLKB),...
Feb 28, 2019 10:49 am ET
Magellan Midstream to Participate in Upcoming Investor Conferences
TULSA, Okla., Feb. 28, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to participate in the following investor conferences next week:...
Feb 01, 2019 11:37 am ET
Alerian Reports December 31, 2018 Index Linked Product Positions
DALLAS, Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, and variable insurance portfolios....
Jan 31, 2019 07:30 am ET
Magellan Midstream Reports Fourth-Quarter 2018 Financial Results
TULSA, Okla., Jan. 31, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $314.1 million for fourth quarter 2018 compared to $237.9 million for fourth quarter 2017. The increase in current year net income was largely driven by higher profits from the partnership's commodity-related activities due to favorable mark-to-market (MTM) adjustments for related hedge positions. The 2018 results also were negatively impacted by a $49.1 million impairment to the partnership's ammonia pipeline system. Magellan has made the decision to discontinue commercial ...
Jan 30, 2019 08:15 am ET
Magellan Midstream and Navigator Energy Services Extend Open Season for Potential Cushing-to-Houston Crude Oil Pipeline
TULSA, Okla. and DALLAS, Jan. 30, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) and Navigator Energy Services announced today an extension of the open season to solicit commitments from shippers for the potential new Voyager pipeline to transport various grades of light crude oil and condensate from Cushing, Oklahoma to Houston, Texas. Binding commitments are now due by 12:00 p.m. Central Time on March 29, 2019. Significant interest has been expressed from potential shippers, particularly those reaching Voyager from connecting carriers. The extension provides these poten...
Jan 22, 2019 08:00 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 99.75 Cents
TULSA, Okla., Jan. 22, 2019 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 99.75 cents per unit for the period Oct. 1 through Dec. 31, 2018, representing the 67th distribution increase since its initial public offering in 2001. ...
Jan 14, 2019 07:35 am ET
Report: Exploring Fundamental Drivers Behind IQVIA, The Ultimate Software Group, Brightcove, Selective Insurance Group, XPO Logistics, and Magellan Midstream Partners — New Horizons, Emerging Trends,
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of IQVIA Holdings Inc. (NYSE:IQV), The Ultimate Software Group, Inc....
Jan 11, 2019 02:44 pm ET
Magellan Midstream Prices $500 Million Debt Offering
TULSA, Okla., Jan. 11, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 4.850% senior notes due 2049. The notes were priced at 99.371% of par to yield 4.890% to maturity. The partnership intends to use the net proceeds from this offering of approximately $491.7 million, after deducting underwriting discounts and estimated offering expenses, together with cash on hand, to redeem its 6.55% senior notes due 2019. Any remaining net proceeds will be used for general partnership purposes. ...
Jan 08, 2019 03:23 pm ET
Magellan Midstream to Announce Fourth-Quarter 2018 Financial Results on Jan. 31
TULSA, Okla., Jan. 8, 2019 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2018 before the market opens on Thurs., Jan. 31. Management will discuss fourth-quarter 2018 earnings and annual guidance for 2019 during a conference call with analysts at 1:30 p.m. Eastern the same day....
Jan 08, 2019 08:02 am ET
Cushing® Asset Management and Swank Capital Announce a Constituent Change to The Cushing® MLP High Income Index
DALLAS, Jan. 8, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). On November 26, 2018, Index constituent Dominion Energy Midstream Partners, LP (NYSE: DM) entered into an Agreement and Plan of Merger ("Merger Agreement") with Dominion Energy, Inc. (NYSE: D) and various other entities that would result in DM common units ceasing to be publicly traded, subject to the approval of the holders of at least a majority of the DM common units. Dominion Energy has disclos...
Jan 04, 2019 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of the Cushing® MLP High Income Index
DALLAS, Jan. 4, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on January 11, 2019, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on January 14, 2019:...
Dec 03, 2018 09:00 am ET
Magellan Midstream to Present at Wells Fargo Midstream Symposium
TULSA, Okla., Dec. 3, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to present at the Wells Fargo Midstream Symposium at 8:40 a.m. Eastern on Wed., Dec. 5 in New York City....
Nov 20, 2018 08:13 am ET
Magellan Midstream to Participate in Jefferies Energy Conference
TULSA, Okla., Nov. 20, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the Jefferies Energy Conference at 10:55 a.m. Central Time on Tues., Nov. 27 in Houston....
Nov 08, 2018 08:00 am ET
Saddlehorn Pipeline and ARB Midstream Announce Open Season for Joint Tariff from Adams County, Colorado to Cushing, Oklahoma
TULSA, Okla. and DENVER, Nov. 8, 2018 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC ("Saddlehorn") and ARB Midstream, LLC ("ARB") announced today that they have launched an open season to seek transportation commitments for a joint tariff from the future Matador pipeline through the Saddlehorn pipeline to Cushing, Oklahoma. Interested customers must submit binding commitments by 5:00 p.m. Central Time on Dec. 7, 2018. ...
Nov 06, 2018 08:45 am ET
Recent Analysis Shows Gladstone Commercial, Lands' End, Echo Global Logistics, Magellan Midstream Partners, Suncor Energy, and Canadian Natural Resources Market Influences — Renewed Outlook, Key Drive
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Gladstone Commercial Corporation (NASDAQ:GOOD), Lands' End, Inc....
Nov 05, 2018 08:00 am ET
Magellan Midstream and Navigator Energy Services Launch Open Season for Potential Cushing-to-Houston Crude Oil Pipeline
TULSA, Okla. and DALLAS, Nov. 5, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) and Navigator Energy Services announced today the launch of an open season to jointly assess customer interest to transport various grades of light crude oil and condensate from Cushing, Oklahoma to Houston, Texas. All potential customers must submit binding commitments by 12:00 p.m. Central Time on Jan. 31, 2019. ...
Nov 01, 2018 08:29 am ET
Magellan Midstream Reports Higher Third-Quarter Financial Results
TULSA, Okla., Nov. 1, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $594.5 million for third quarter 2018 compared to $198.5 million for third quarter 2017. The 2018 results include a $353.8 million gain related to the sale of a portion of the partnership's ownership interest in BridgeTex Pipeline Company, LLC....
Oct 30, 2018 09:02 am ET
Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® MLP High Income Index
DALLAS, Oct. 30, 2018 /PRNewswire/ -- Swank Capital, LLC and Cushing® Asset Management, LP announce an upcoming interim change to constituents of The Cushing® MLP High Income Index (the "Index"). Per the Index's methodology guide, a constituent change due to a distribution cut will take place on the latter of the distribution ex-date or the last business day of the week that is at least five business days after the day on which the announcement is made. Due to the October 24, 2018, distribution cut announcement by Golar LNG Partners L.P. (NASDAQ: GMLP), after the market closes on November 6,...
Oct 25, 2018 09:35 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 97.75 Cents
TULSA, Okla., Oct. 25, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 97.75 cents per unit for the period July 1 through Sept. 30, 2018, representing the 66th distribution increase since its initial public offering in 2001. ...
Oct 04, 2018 07:40 am ET
Report: Exploring Fundamental Drivers Behind MBIA, Heritage Insurance, First American, Medidata Solutions, A. O. Smith, and Magellan Midstream Partners — New Horizons, Emerging Trends, and Upcoming De
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of MBIA, Inc. (NYSE:MBI), Heritage Insurance Holdings, Inc. (NYSE:HRTG),...
Oct 02, 2018 02:35 pm ET
Magellan Midstream to Announce Third-Quarter 2018 Financial Results on Nov. 1
TULSA, Okla., Oct. 2, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2018 before the market opens on Thurs., Nov. 1. Management will discuss third-quarter earnings, outlook for the remainder of 2018 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Oct 01, 2018 08:00 am ET
Plains All American, Magellan Midstream and OMERS Infrastructure Announce Closing of BridgeTex Pipeline Company, LLC Joint Ownership Transaction
Plains All American Pipeline, L.P. (NYSE: PAA) (“Plains”), Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”), and OMERS, the defined benefit pension plan for municipal employees in Ontario, Canada (“OMERS”), along with OMERS Infrastructure Management Inc. (“OMERS Infrastructure”), the infrastructure investment manager of OM
Sep 26, 2018 08:00 am ET
Research Report Identifies EnLink Midstream Partners, LP, Methanex, Novo Nordisk A/S, Magellan Midstream Partners, Arch Capital Group, and KT with Renewed Outlook — Fundamental Analysis, Calculating F
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of EnLink Midstream Partners, LP (NYSE:ENLK), Methanex Corporation...
Sep 04, 2018 07:05 am ET
Energy Transfer, Magellan Midstream, MPLX and Delek to Jointly Construct the "Permian Gulf Coast" or "PGC Pipeline" for Permian Basin Crude Oil Takeaway
DALLAS and TULSA, Okla., and FINDLAY, Ohio, and BRENTWOOD, Tenn., Sept. 4, 2018 /PRNewswire/ -- Energy Transfer Partners, L.P. (NYSE: ETP) ("Energy Transfer"), Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan"), MPLX LP (NYSE: MPLX) ("MPLX") and Delek US Holdings, Inc. (NYSE: DK) ("Delek") announced today that they have received sufficient commitments to proceed with plans to construct a new 30-inch diameter common carrier pipeline to transport crude oil from the Permian Basin to the Texas Gulf Coast region, with the ability to increase the pipe diameter to expand the capacity based ...
Sep 04, 2018 07:00 am ET
Energy Transfer, Magellan Midstream, MPLX and Delek to Jointly Construct the “Permian Gulf Coast” or “PGC Pipeline” for Permian Basin Crude Oil Takeaway
Energy Transfer Partners, L.P. (NYSE: ETP) (“Energy Transfer”), Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”), MPLX LP (NYSE: MPLX) (“MPLX”) and Delek US Holdings, Inc. (NYSE: DK) (“Delek”) announced today that they have received sufficient commitments to proceed with plans to construct a new 30-inch diameter common carrier pipeline to transport crude oil from the Permian Basin to the Texas Gulf Coast region, with the ability to increase the pipe diameter to expand the capacity based upon additional commitments received during the u
Aug 28, 2018 02:59 pm ET
Magellan Midstream to Present at Barclays CEO Energy-Power Conference
TULSA, Okla., Aug. 28, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, president and chief executive officer, is scheduled to present at the Barclays CEO Energy-Power Conference at 3:05 p.m. Eastern Time on Wed., Sept. 5 in New York City. ...
Aug 21, 2018 08:00 am ET
Plains All American, Magellan Midstream and OMERS Infrastructure Announce Joint Ownership of BridgeTex Pipeline Company, LLC
Plains All American Pipeline, L.P. (NYSE: PAA) (“Plains”), Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”), and OMERS, the defined benefit pension plan for municipal employees in Ontario, Canada (“OMERS”), along with OMERS Infrastructure Management Inc. (“OMERS Infrastructure”), the infrastructure investment manager of OM
Aug 02, 2018 08:30 am ET
Magellan Midstream Reports Higher Second-Quarter Financial Results
TULSA, Okla., Aug. 2, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $214.4 million for second quarter 2018 compared to $210.4 million for second quarter 2017. ...
Aug 01, 2018 11:26 am ET
Alerian Reports June 30, 2018 Index Linked Product Positions
DALLAS, Aug. 1, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $15.0 billion as of June 30, 2018. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds....
Aug 01, 2018 09:00 am ET
Magellan Midstream and LBC to Further Expand Seabrook Logistics' Crude Oil and Condensate Marine Terminal
TULSA, Okla. and MECHELEN, Belgium, Aug. 1, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") are further expanding the infrastructure of Seabrook Logistics, LLC ("Seabrook Logistics"), owned 50/50 by subsidiaries of Magellan and LBC, by increasing Seabrook Logistics' crude oil and condensate storage and dock capabilities in the Houston Gulf Coast area. ...
Jul 30, 2018 09:00 am ET
Magellan Midstream to Further Expand Western Leg of Texas Refined Petroleum Products Pipeline System
TULSA, Okla., July 30, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an additional expansion of the western leg of its refined petroleum products pipeline system in Texas. Magellan had previously announced its plans to expand the capacity of this line segment to approximately 150,000 barrels per day (bpd) from its current capacity of 100,000 bpd. Based on additional committed volume received as part of its recent supplemental open season, the partnership now plans to expand this pipe capacity to 175,000 bpd....
Jul 26, 2018 10:10 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 95.75 Cents
TULSA, Okla., July 26, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 95.75 cents per unit for the period April 1 through June 30, 2018, representing the 65th distribution increase since its initial public offering in 2001. ...
Jun 29, 2018 10:37 am ET
Alerian Launches Two New Midstream Energy Indices and Announces Methodology and Name Changes to the Alerian Energy Infrastructure Index
DALLAS, June 29, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Midstream Energy Index, a broad-based composite of North American energy infrastructure companies. Constituents can be structured as pass-through entities or corporations, but must earn the majority of their cash flow from midstream activities involving energy commodities. The capped, float-adjusted, capitalization-weighted index is disseminated real-time on a price-return basis (AMNA) and on a total-return basis (AMNAX)....
Jun 29, 2018 08:20 am ET
Research Report Identifies Tivity Health, Abercrombie & Fitch, VMware, Monster Beverage, Magellan Midstream Partners, and Crane with Renewed Outlook — Fundamental Analysis, Calculating Forward Movemen
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Tivity Health, Inc. (NASDAQ:TVTY), Abercrombie Fitch Company (NYSE:ANF),...
Jun 26, 2018 09:49 am ET
Magellan Midstream to Announce Second-Quarter 2018 Financial Results on Aug. 2
TULSA, Okla., June 26, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2018 before the market opens on Thurs., Aug. 2. Management will discuss second-quarter earnings, outlook for the remainder of 2018 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Jun 13, 2018 03:27 pm ET
Magellan Midstream to Participate in J.P. Morgan Energy Conference
TULSA, Okla., June 13, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the 2018 J.P. Morgan Energy Conference at 9:20 a.m. Eastern on Tues., June 19 in New York City....
Jun 07, 2018 08:15 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Eldorado Gold, Lamar Advertising, Bitauto, Magellan Midstream Partners, Deutsche Bank Aktiengesellschaft, and Grifols, S.A. — New Re
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Eldorado Gold Corporation (NYSE:EGO), Lamar Advertising Company...
Jun 04, 2018 09:00 am ET
Magellan Midstream Launches Supplemental Open Season for Possible Further Expansion of Western Leg of Texas Refined Petroleum Products Pipeline System
TULSA, Okla., June 4, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today a new open season to solicit additional commitments from shippers to potentially further expand the western leg of its refined petroleum products pipeline system in Texas. Binding commitments are due from interested customers by 5:00 p.m. Central Time on July 11, 2018. ...
May 21, 2018 08:55 am ET
Magellan Midstream to Expand Western Leg of Texas Refined Petroleum Products Pipeline System
TULSA, Okla., May 21, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that following a successful open season, it plans to expand the western leg of its refined petroleum products pipeline system in Texas to handle incremental shipments of gasoline and diesel fuel to demand centers in Abilene, Midland/Odessa and El Paso, Texas and New Mexico. The pipeline system can also access markets in Arizona and Mexico via connections to other pipelines. ...
May 17, 2018 03:04 pm ET
Magellan Midstream to Participate in the 2018 MLP and Energy Infrastructure Conference
TULSA, Okla., May 17, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a question and answer session about Magellan at the 2018 MLP and Energy Infrastructure Conference hosted by the Master Limited Partnership Association at 11:05 a.m. Eastern on Wed., May 23 in Orlando, Florida....
May 17, 2018 08:20 am ET
Recent Analysis Shows Camden Property Trust, Biglari, Argan, Chimerix, Workhorse Group, and Magellan Midstream Partners Market Influences — Renewed Outlook, Key Drivers of Growth
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Camden Property Trust (NYSE:CPT), Biglari Holdings Inc. (NYSE:BH), Argan,...
May 07, 2018 11:42 am ET
Alerian Reports March 31, 2018 Index Linked Product Positions
DALLAS, May 7, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $13.5 billion as of March 31, 2018. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds....
May 03, 2018 08:30 am ET
Magellan Midstream Reports First-Quarter 2018 Financial Results
TULSA, Okla., May 3, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $210.9 million for first quarter 2018 compared to $222.7 million for first quarter 2017. ...
May 02, 2018 09:00 am ET
Magellan Midstream Increases Scope and Extends Open Season for Potential Expansion of Western Leg of Texas Refined Products Pipeline System
TULSA, Okla., May 2, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an increased scope and extension of the open season to solicit commitments from shippers for the potential expansion of the western leg of its refined products pipeline system in Texas. Binding commitments are now due by 5:00 p.m. Central Time on May 16, 2018. Significant interest has been expressed from potential shippers, and the one-week extension provides interested shippers additional time to finalize their commitments....
Apr 26, 2018 10:12 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 93.75 Cents
TULSA, Okla., April 26, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 93.75 cents per unit for the period Jan. 1 through March 31, 2018, representing the 64th distribution increase since its initial public offering in 2001. ...
Apr 25, 2018 07:30 am ET
Recent Analysis Shows American Vanguard, Magellan Midstream Partners, Diamondback Energy, Vericel, Air Lease, and Century Communities Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, April 25, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of American Vanguard Corporation (NYSE:AVD), Magellan Midstream...
Apr 12, 2018 11:39 am ET
Magellan Midstream to Announce First-Quarter 2018 Financial Results on May 3
TULSA, Okla., April 12, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2018 before the market opens on Thurs., May 3. Management will discuss first-quarter earnings, outlook for the remainder of 2018 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Apr 06, 2018 02:47 pm ET
Magellan Midstream to Webcast Analyst Meeting on April 10
TULSA, Okla., April 6, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to host a meeting with research analysts and institutional investors beginning at 9:00 a.m. Eastern on Tues., April 10 in New York City. ...
Mar 27, 2018 07:35 am ET
Report: Exploring Fundamental Drivers Behind Mobile TeleSystems OJSC, Scorpio Tankers, Magellan Midstream Partners, National Steel, AstraZeneca, and Alibaba Group Holding — New Horizons, Emerging Tren
NEW YORK, March 27, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Mobile TeleSystems OJSC (NYSE:MBT), Scorpio Tankers...
Mar 15, 2018 03:55 pm ET
Magellan Midstream Does Not Expect Material Impact from Recent FERC Ruling on Income Tax Allowance
TULSA, Okla., March 15, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it does not expect a material impact from today's revised policy statement by the Federal Energy Regulatory Commission (FERC) to disallow income tax allowance cost recovery in rates charged by pipeline companies organized as master limited partnerships (MLPs)....
Mar 09, 2018 08:00 am ET
Magellan Midstream Announces Open Season for Potential Expansion of Western Leg of Texas Refined Products Pipeline System
TULSA, Okla., March 9, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is considering an expansion of the western leg of its refined products pipeline system in Texas and has launched an open season to assess customer interest. Interested customers must submit binding commitments by 5:00 p.m. Central Time on May 9, 2018. ...
Feb 28, 2018 08:25 am ET
Consolidated Research: 2018 Summary Expectations for Electronics for Imaging, First Hawaiian, Magellan Midstream Partners, Visteon, Pieris Pharmaceuticals, and Cincinnati Bell — Fundamental Analysis,
NEW YORK, Feb. 28, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Electronics for Imaging, Inc. (NASDAQ:EFII), First...
Feb 21, 2018 03:24 pm ET
Alerian Reports December 31, 2017 Index Linked Product Positions
DALLAS, Feb. 21, 2018 /PRNewswire/ -- Alerian reported index linked product positions of $16.3 billion as of December 31, 2017. Linked products include exchange-traded funds, exchange-traded notes, return of capital notes, variable insurance portfolios, and mutual funds....
Feb 14, 2018 09:00 am ET
Intercontinental Exchange and Magellan Midstream Successfully Launch Auction for Short Term Crude Storage Capacity at Magellan East Houston Terminal
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, and Magellan Midstream Partners, L.P. (NYSE: MMP) announced the launch of a new auction for a portion of multi-month Permian WTI storage capacity at the Magellan East Houston Terminal. Recently, a total of 1.5 million barrels of Permian WTI storage at the Magellan East Houston Terminal were leased on the ICE trading platform, with an average of 400,000 barrels leased per month. The auctions are designed
Feb 01, 2018 07:30 am ET
Magellan Midstream Reports Higher Financial Results for Fourth-Quarter 2017
TULSA, Okla., Feb. 1, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $237.9 million for fourth quarter 2017 compared to $213.3 million for fourth quarter 2016.  ...
Jan 31, 2018 08:15 am ET
Magellan Midstream Extends Open Season for Proposed Crude Oil Pipeline from the Permian and Eagle Ford Basins to Corpus Christi and Houston
TULSA, Okla., Jan. 31, 2018 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an extension of the open season to solicit commitments from shippers for a new pipeline to transport various grades of crude oil and condensate from the Permian and Eagle Ford Basins to multiple destinations in the Corpus Christi and Houston, Texas markets, including Magellan's existing crude oil terminals in these markets. Binding commitments are now due by 5:00 p.m. Central Time on March 1, 2018. Significant interest has been expressed from potential shippers, and the extension provide...
Jan 23, 2018 03:15 pm ET
Magellan Midstream Increases Quarterly Cash Distribution to 92 Cents
TULSA, Okla., Jan. 23, 2018 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 92 cents per unit for the period Oct. 1 through Dec. 31, 2017, representing the 63rd distribution increase since its initial public offering in 2001. ...
Jan 03, 2018 08:00 am ET
New Research: Key Drivers of Growth for Electro Scientific Industries, Illinois Tool Works, Magellan Midstream Partners, Visteon, Ingevity, and AptarGroup — Factors of Influence, Major Initiatives and
NEW YORK, Jan. 03, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Electro Scientific Industries, Inc. (NASDAQ:ESIO), Illinois...
Jan 03, 2018 07:30 am ET
Alerian Announces Real-Time Launch of the Alerian Energy Infrastructure Capital Strength Select Index
DALLAS, Jan. 3, 2018 /PRNewswire/ -- Alerian announced today the real-time launch of the Alerian Energy Infrastructure Capital Strength Select Index, a composite of North American midstream, refining, and utility companies chosen for their ownership of pipeline transportation assets, leverage profile, and above-market dividend payments. The index is disseminated real-time on a price-return basis (AMCS) and on a total-return basis (AMCST)....
Dec 20, 2017 10:13 am ET
Magellan Midstream to Announce Fourth-Quarter 2017 Financial Results on Feb. 1
TULSA, Okla., Dec. 20, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2017 before the market opens on Thurs., Feb. 1, 2018. Management will discuss fourth-quarter 2017 earnings and annual guidance for 2018 during a conference call with analysts at 1:30 p.m. Eastern the same day....
Dec 01, 2017 10:32 am ET
Magellan Midstream to Participate in Upcoming Dec. Investor Conferences
TULSA, Okla., Dec. 1, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to participate in the following investor conferences during December:...
Dec 01, 2017 08:00 am ET
Magellan Midstream Launches Open Season for Proposed Crude Oil Pipeline from the Permian and Eagle Ford Basins to Corpus Christi and Houston
TULSA, Okla., Dec. 1, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it intends to develop a new pipeline and has launched an open season to assess customer interest to transport various grades of crude oil and condensate from the Permian and Eagle Ford Basins to multiple destinations in the Corpus Christi and Houston, Texas markets, including Magellan's existing crude oil terminals in these markets. All potential customers must submit binding commitments by 5:00 p.m. Central Time on Feb. 1, 2018....
Nov 30, 2017 03:37 pm ET
BridgeTex Pipeline to Further Expand, Launches Supplemental Open Season for Additional Capacity
TULSA, Okla. and HOUSTON, Nov. 30, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Plains All American Pipeline, L.P. (NYSE: PAA) ("Plains") announced today that BridgeTex Pipeline Company, LLC ("BridgeTex"), owned 50/50 by Magellan and Plains, plans to further expand the capacity of the BridgeTex pipeline and has launched a supplemental open season to assess customer interest for the expanded capacity. All potential customers must submit binding commitments by 5:00 p.m. Central Time on Dec. 30, 2017. ...
Nov 20, 2017 12:20 pm ET
Magellan Midstream to Present at Jefferies Energy Conference
TULSA, Okla., Nov. 20, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, president and chief executive officer, is scheduled to present at the Jefferies Energy Conference at 1:15 p.m. Central Time on Tues., Nov. 28 in Houston. ...
Nov 02, 2017 09:29 am ET
Magellan Midstream Reports Third-Quarter 2017 Financial Results
TULSA, Okla., Nov. 2, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $198.5 million for third quarter 2017 compared to $194.6 million for third quarter 2016. The 2017 results include an $18.5 million gain related to the sale of an inactive terminal along the partnership's refined products pipeline system. ...
Oct 19, 2017 11:07 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 90.5 Cents
TULSA, Okla., Oct. 19, 2017 /PRNewswire/ -- The board of directors of the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 90.5 cents per unit for the period July 1 through Sept. 30, 2017, representing the 62nd distribution increase since its initial public offering in 2001. ...
Oct 05, 2017 11:48 am ET
Magellan Midstream to Announce Third-Quarter 2017 Financial Results on Nov. 2
TULSA, Okla., Oct. 5, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2017 before the market opens on Thurs., Nov. 2. Management will discuss third-quarter earnings, outlook for the remainder of 2017 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Sep 26, 2017 04:20 pm ET
Magellan Midstream Prices $500 Million Debt Offering
TULSA, Okla., Sept. 26, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 4.20% senior notes due 2047. The notes were priced at 99.341% of par to yield 4.239% to maturity. The partnership intends to use the net proceeds from this offering of approximately $491.6 million, after deducting underwriting discounts and estimated offering expenses, to repay borrowings outstanding under its commercial paper program. Any remaining net proceeds may be used for general partnership purposes, which may include capital expenditures. ...
Sep 14, 2017 09:45 am ET
Magellan Midstream and Valero Form Joint Venture to Expand Pasadena Marine Terminal
TULSA, Okla. and SAN ANTONIO, Sept. 14, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) (Magellan) and Valero Energy Corporation (NYSE: VLO) (Valero) announced today the expansion and joint development of the marine storage facility currently under construction along the Houston Ship Channel in Pasadena, Texas. The Pasadena facility, which will handle petroleum products, including multiple grades of gasoline, diesel and jet fuel, and renewable fuels, will be owned by a limited liability company that is owned 50/50 by Magellan and Valero and will initially include 5 million...
Sep 06, 2017 10:00 am ET
Magellan Midstream to Expand Texas Refined Petroleum Products Pipeline System
TULSA, Okla., Sept. 6, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today plans to expand its refined petroleum products pipeline system to handle incremental demand for transportation of gasoline, diesel fuel and jet fuel to central and north Texas markets. ...
Sep 05, 2017 09:55 am ET
Magellan Midstream to Construct Delaware Basin Crude Oil and Condensate Pipeline
TULSA, Okla., Sept. 5, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today it is commencing construction of a new Delaware Basin pipeline originating in Wink, Texas to handle crude oil and condensate. ...
Sep 01, 2017 03:47 pm ET
Magellan Midstream Advises Operational Impact of Hurricane Harvey
TULSA, Okla., Sept. 1, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that significant progress has been made at its facilities in Houston and Corpus Christi, Texas following the impact of Hurricane Harvey, with no significant asset damage found. ...
Aug 02, 2017 09:29 am ET
Magellan Midstream Reports 12% Higher Second-Quarter Net Income
TULSA, Okla., Aug. 2, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $210.4 million for second quarter 2017 compared to $187.9 million for second quarter 2016....
Jul 20, 2017 10:40 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 89 Cents
TULSA, Okla., July 20, 2017 /PRNewswire/ -- The board of directors of the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 89 cents per unit for the period March 1 through June 30, 2017, representing the 61st distribution increase since its initial public offering in 2001. ...
Jul 11, 2017 10:15 am ET
Magellan Midstream to Announce Second-Quarter 2017 Financial Results on Aug. 2
TULSA, Okla., July 11, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2017 before the market opens on Wed., Aug. 2. Management will discuss second-quarter earnings, outlook for the remainder of 2017 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Jul 06, 2017 09:59 am ET
BridgeTex Pipeline Launches Open Season for Expanded Capacity
TULSA, Okla., and HOUSTON, July 6, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Plains All American Pipeline, L.P. (NYSE: PAA) ("Plains") announced today that BridgeTex Pipeline Company, LLC ("BridgeTex"), owned 50/50 by Magellan and Plains, has launched an open season to assess customer interest for expanded capacity and a new origin in Midland, Texas. All potential customers must submit binding commitments by 5:00 p.m. Central Time on Aug. 4, 2017. ...
Jun 21, 2017 11:00 am ET
Magellan Midstream to Present at J.P. Morgan Energy Equity Conference
TULSA, Okla., June 21, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford, chief financial officer, is scheduled to present at the J.P. Morgan Energy Equity Conference at 9:20 a.m. Eastern on Tues., June 27 in New York City. ...
May 26, 2017 03:02 pm ET
Magellan Midstream to Present at Master Limited Partnership Investor Conference
TULSA, Okla., May 26, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Aaron Milford, chief financial officer, is scheduled to participate in a question and answer session about Magellan at the 2017 Investor Conference hosted by the Master Limited Partnership Association at 1:40 p.m. Eastern on Thurs., June 1 in Orlando, Florida....
May 03, 2017 09:29 am ET
Magellan Midstream Reports Higher First-Quarter Financial Results
TULSA, Okla., May 3, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $222.7 million for first quarter 2017 compared to $207.1 million for first quarter 2016....
Apr 20, 2017 10:19 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 87.25 Cents
TULSA, Okla., April 20, 2017 /PRNewswire/ -- The board of directors of the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 87.25 cents per unit for the period Jan. 1 through March 31, 2017, representing the 60th distribution increase since its initial public offering in 2001. ...
Apr 04, 2017 03:36 pm ET
Magellan Midstream to Announce First-Quarter 2017 Financial Results on May 3
TULSA, Okla., April 4, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2017 before the market opens on Wed., May 3. Management will discuss first-quarter earnings, outlook for the remainder of 2017 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Mar 21, 2017 05:25 pm ET
Magellan Midstream Announces New Agreement for Condensate Splitter, Reaffirms 2017 Financial Guidance
TULSA, Okla., March 21, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has entered into a new fee-based, take-or-pay agreement with Trafigura Trading LLC for the exclusive use of Magellan's condensate splitter in Corpus Christi, Texas. Magellan recently completed construction of the splitter, which is capable of processing 50,000 barrels per day of condensate and is fully supported by the long-term commitment from Trafigura. Based on the new agreement, Magellan expects to begin commercial operation of the splitter during late second quarter 2017....
Feb 02, 2017 08:30 am ET
Magellan Midstream Reports Higher Fourth-Quarter Financial Results
TULSA, Okla., Feb. 2, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $213.3 million for fourth quarter 2016 compared to $207.1 million for fourth quarter 2015 driven by record quarterly results for the partnership's crude oil and marine storage segments....
Jan 24, 2017 04:30 pm ET
Magellan Midstream Increases Quarterly Cash Distribution to 85.5 Cents
TULSA, Okla., Jan. 24, 2017 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 85.5 cents per unit for the period Oct. 1 through Dec. 31, 2016, representing the 59th distribution increase since its initial public offering in 2001. ...
Jan 24, 2017 09:00 am ET
BridgeTex Pipeline to Expand Capacity to Deliver Crude Oil from the Permian Basin to the Houston Gulf Coast Area
TULSA, Okla. and HOUSTON, Jan. 24, 2017 /PRNewswire/ -- BridgeTex Pipeline Company, LLC ("BridgeTex"), owned 50/50 by Magellan Midstream Partners, L.P. (NYSE: MMP) and Plains All American Pipeline, L.P. (NYSE: PAA), announced today that it is expanding the BridgeTex pipeline's current capacity from the Permian Basin of 300,000 barrels per day ("bpd") to a new capacity of approximately 400,000 bpd. The expanded capacity is expected to be available in the second quarter of 2017 following enhancements to existing pumps and related equipment....
Jan 04, 2017 11:00 am ET
Magellan Midstream to Announce Fourth-Quarter 2016 Financial Results on Feb. 2
TULSA, Okla., Jan. 4, 2017 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2016 before the market opens on Thurs., Feb. 2. Management will discuss fourth-quarter 2016 earnings and annual guidance for 2017 during a conference call with analysts at 1:30 p.m. Eastern the same day....
Dec 06, 2016 07:15 am ET
Magellan Midstream and LBC Expanding Seabrook Logistics' Houston Gulf Coast Crude Oil and Condensate Marine Terminal and Pipeline Infrastructure
TULSA, Okla. and MECHELEN, Belgium, Dec. 6, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") are expanding the infrastructure of Seabrook Logistics, LLC ("Seabrook Logistics"), owned 50/50 by subsidiaries of Magellan and LBC, by increasing its crude oil and condensate storage and pipeline assets in the Houston Gulf Coast area. ...
Dec 01, 2016 09:51 am ET
Magellan Midstream to Present at Wells Fargo Annual Pipeline and MLP Symposium
TULSA, Okla., Dec. 1, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, president and chief executive officer, is scheduled to present at the Wells Fargo Annual Pipeline and MLP Symposium at 8:40 a.m. Eastern on Tues., Dec. 6 in New York City. ...
Nov 02, 2016 09:30 am ET
Magellan Midstream Reports Third-Quarter Financial Results
TULSA, Okla., Nov. 2, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $194.6 million for third quarter 2016 compared to $251.0 million for third quarter 2015. The decrease in current year net income was driven by reduced profits from the partnership's commodity-related activities due to mark-to-market (MTM) pricing adjustments for related hedging positions, partially offset by higher contributions from Magellan's core fee-based transportation and terminal activities....
Oct 20, 2016 10:40 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 83.75 Cents
TULSA, Okla., Oct. 20, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 83.75 cents per unit for the period July 1 through Sept. 30, 2016, representing the 58th distribution increase since its initial public offering in 2001. ...
Oct 04, 2016 11:22 am ET
Magellan Midstream to Announce Third-Quarter 2016 Financial Results on Nov. 2
TULSA, Okla., Oct. 4, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2016 before the market opens on Wed., Nov. 2. Management will discuss third-quarter earnings, outlook for the remainder of 2016 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Sep 06, 2016 04:15 pm ET
Magellan Midstream Prices $500 Million Debt Offering
TULSA, Okla., Sept. 6, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $500 million of its 4.25% senior notes due 2046. The notes were priced at 98.762% of par to yield 4.324% to maturity. The partnership intends to use the net proceeds from this offering of approximately $488.7 million, after deducting underwriting discounts and estimated offering expenses, to repay its 5.65% senior notes when due in Oct. 2016 and to repay borrowings outstanding under its commercial paper program. Any remaining proceeds may be used for general partnershi...
Sep 01, 2016 04:16 pm ET
Magellan Midstream to Present at Barclays CEO Energy-Power Conference
TULSA, Okla., Sept. 1, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, will present at the Barclays CEO Energy-Power Conference at approximately 4:25 p.m. Eastern on Wed., Sept. 7 in New York City. ...
Aug 02, 2016 09:30 am ET
Magellan Midstream Reports Solid Second-Quarter Financial Results
TULSA, Okla., Aug. 2, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $187.9 million for second quarter 2016 compared to $177.4 million for second quarter 2015. ...
Jul 21, 2016 10:49 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 82 Cents
TULSA, Okla., July 21, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 82 cents per unit for the period April 1 through June 30, 2016, representing the 57th distribution increase since its initial public offering in 2001. ...
Jul 14, 2016 09:55 am ET
Magellan Midstream to Construct New Pasadena Marine Terminal
TULSA, Okla., July 14, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today its plans to construct a new high-capacity marine terminal along the Houston Ship Channel in Pasadena, Texas to handle refined petroleum products, including various grades of gasoline and diesel fuel, and renewable fuels. The new terminal will be built on nearly 200 acres of recently-acquired land. ...
Jul 06, 2016 10:04 am ET
Magellan Midstream to Announce Second-Quarter 2016 Financial Results on Aug. 2
TULSA, Okla., July 6, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2016 before the market opens on Tues., Aug. 2. Management will discuss second-quarter earnings, outlook for the remainder of 2016 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Jun 16, 2016 06:00 pm ET
Magellan Midstream Announces Additional Board Members
TULSA, Okla., June 16, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that its board of directors has elected Lori A. Gobillot and Edward J. Guay as independent board members effective June 15, 2016....
May 31, 2016 09:59 am ET
Magellan Midstream and LBC Enter into Letter of Intent to Expand Seabrook Logistics' Houston Gulf Coast Crude Oil and Condensate Infrastructure
TULSA, Okla. and MECHELEN, Belgium, May 31, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") announced today that they have entered into a letter of intent for Seabrook Logistics, LLC ("Seabrook Logistics"), owned 50/50 by Magellan and LBC, to expand its crude oil and condensate storage, marine capacity and pipeline infrastructure in the Houston Gulf Coast area. ...
May 26, 2016 10:14 am ET
Magellan Midstream to Present at Master Limited Partnership Investor Conference
TULSA, Okla., May 26, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, will present at the 2016 Investor Conference hosted by the Master Limited Partnership Association at 8:00 a.m. Eastern on Thurs., June 2 in Orlando, Florida. ...
May 04, 2016 09:30 am ET
Magellan Midstream Reports Solid First-Quarter Financial Results, Increases 2016 Annual Distributable Cash Flow Guidance to $910 Million
TULSA, Okla., May 4, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $207.1 million for first quarter 2016 compared to $183.6 million for first quarter 2015. The 2016 results include a $26.9 million non-cash gain related to the transfer of the partnership's 50% interest in Osage Pipe Line Company, LLC (Osage)....
Apr 21, 2016 10:38 am ET
Magellan Midstream Increases Quarterly Cash Distribution to 80.25 Cents
TULSA, Okla., April 21, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 80.25 cents per unit for the period Jan. 1 through March 31, 2016, representing the 56th distribution increase since its initial public offering in 2001. ...
Apr 06, 2016 02:30 pm ET
Magellan Midstream to Announce First-Quarter 2016 Financial Results on May 4
TULSA, Okla., April 6, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2016 before the market opens on Wed., May 4. Management will discuss first-quarter earnings, outlook for the remainder of 2016 and the status of significant expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day....
Apr 04, 2016 10:05 am ET
Magellan Midstream and TransMontaigne Jointly Assess Development of South Texas Refined Products Pipeline
TULSA, Okla. and DENVER, April 4, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) and TransMontaigne Partners L.P. (NYSE: TLP) announced today they are jointly assessing the development of a new refined products pipeline in South Texas.  ...
Mar 29, 2016 10:15 am ET
Magellan Midstream to Webcast Analyst Meeting on March 31
TULSA, Okla., March 29, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to host a meeting with research analysts and institutional investors beginning at 9:00 a.m. Eastern on Thurs., March 31 in New York City. ...
Feb 22, 2016 04:12 pm ET
Magellan Midstream Prices $650 Million Debt Offering
TULSA, Okla., Feb. 22, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $650 million of its 5.00% senior notes due 2026. The notes were priced at 99.875% of par to yield 5.016% to maturity. The partnership intends to use the net proceeds from this offering of approximately $644.5 million, after deducting underwriting discounts and estimated offering expenses, for general partnership purposes and to repay borrowings outstanding under its revolving credit facilities, if any, and its commercial paper program. ...
Feb 04, 2016 08:30 am ET
Magellan Midstream Reports Record Quarterly and Annual Distributable Cash Flow, Targets Annual Distribution Growth of 10% for 2016 and at least 8% for 2017
TULSA, Okla., Feb. 4, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $207.1 million for fourth quarter 2015 compared to $252.1 million for fourth quarter 2014. The decrease in current year net income was driven by reduced profits from the partnership's commodity-related activities, due to lower realized commodity prices on these activities and mark-to-market (MTM) pricing adjustments for the related hedging positions, partially offset by higher contributions from Magellan's core fee-based transportation and terminal activities....
Feb 01, 2016 05:46 pm ET
BridgeTex Pipeline Extends Open Season to Feb. 15 for New Eaglebine Origin
TULSA, Okla. and HOUSTON, Feb. 1, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Plains All American Pipeline, L.P. (NYSE: PAA) ("Plains") announced today that BridgeTex Pipeline Company, LLC ("BridgeTex"), owned 50/50 by Magellan and Plains, has extended its open season to assess additional customer interest in a new origin in Grimes County, Texas for the BridgeTex pipeline to accept Eaglebine crude oil and condensate shipments. While sufficient commitments have been received to proceed with the project, the extension provides other potential shippers ad...
Jan 26, 2016 04:15 pm ET
Magellan Midstream Increases Quarterly Cash Distribution to 78.5 Cents
TULSA, Okla., Jan. 26, 2016 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 78.5 cents per unit for the period Oct. 1 through Dec. 31, 2015, representing the 55th distribution increase since its initial public offering in 2001. ...