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Magellan Midstream Partners L P's Business Segments
Magellan Midstream Partners L P's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2023
Reportable Segments
2
Largest Segment
Refined Products
Total Revenue
$ 877
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2023
- Refined Products81.4%
- Crude Oil Pipeline and Terminals18.8%
Revenue by Reportable Segment - Q2 FY2023
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Refined Products | $ 714 | 81.4% |
| Crude Oil Pipeline and Terminals | $ 165 | 18.8% |
Revenue by Product & Service Category - Q2 FY2023
- Service13.1%
- Product5.2%
- Product and Service, Other0.4%
Revenue by Product & Service Category - Q2 FY2023
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Service | $ 115 | 13.1% |
| Product | $ 46 | 5.2% |
| Product and Service, Other | $ 4 | 0.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Magellan Midstream Partners L P
Magellan Midstream Partners L.P. is a publicly traded limited partnership that operates in the midstream energy industry, with a focus on the transportation, storage, and distribution of petroleum products and crude oil. The company was formed in 2000 and is headquartered in Tulsa, Oklahoma.
Transportation: Magellan operates a vast network of pipelines that span more than 9,000 miles across the United States. These pipelines transport petroleum products, such as gasoline, diesel, and jet fuel, as well as crude oil. The company's pipeline system connects major refineries, storage facilities, and distribution centers across 25 states.
Storage: Magellan Midstream Partners owns and operates over 100 storage terminals, with a combined capacity of over 98 million barrels. These storage facilities are strategically located near major refineries and transportation hubs, enabling the company to provide reliable and cost-effective storage solutions to its customers.
Distribution: Magellan is also involved in the distribution of petroleum products through its extensive network of loading racks and terminals, which are located primarily in the Midwest and the Gulf Coast regions of the United States. The company also operates a fleet of barges and marine vessels, which transport petroleum products along inland waterways and the Gulf of Mexico.
Magellan Midstream Partners is known for its strong financial performance and consistently high distribution payments to its investors. The company has a long-standing commitment to safety, environmental stewardship, and community engagement. Magellan also invests heavily in the development of new infrastructure projects and has announced several major expansion projects in recent years, including the construction of a new crude oil pipeline in West Texas and an expansion of its storage facilities in Houston.
Transportation: Magellan operates a vast network of pipelines that span more than 9,000 miles across the United States. These pipelines transport petroleum products, such as gasoline, diesel, and jet fuel, as well as crude oil. The company's pipeline system connects major refineries, storage facilities, and distribution centers across 25 states.
Storage: Magellan Midstream Partners owns and operates over 100 storage terminals, with a combined capacity of over 98 million barrels. These storage facilities are strategically located near major refineries and transportation hubs, enabling the company to provide reliable and cost-effective storage solutions to its customers.
Distribution: Magellan is also involved in the distribution of petroleum products through its extensive network of loading racks and terminals, which are located primarily in the Midwest and the Gulf Coast regions of the United States. The company also operates a fleet of barges and marine vessels, which transport petroleum products along inland waterways and the Gulf of Mexico.
Magellan Midstream Partners is known for its strong financial performance and consistently high distribution payments to its investors. The company has a long-standing commitment to safety, environmental stewardship, and community engagement. Magellan also invests heavily in the development of new infrastructure projects and has announced several major expansion projects in recent years, including the construction of a new crude oil pipeline in West Texas and an expansion of its storage facilities in Houston.
Magellan Midstream Partners L.P. is a prominent midstream oil and gas company that plays a significant role in the transportation, storage, and distribution of petroleum and related products across the central United States. Its operations encompass a wide array of segments, products, and services, all designed to meet the diverse needs of a broad customer base that includes refiners, petrochemical manufacturers, exporters, retailers, and real estate developers.
Segments
1. Refined Products:
This segment is crucial to Magellan’s operations, focusing on the transportation, storage, and distribution of refined petroleum products such as gasoline, diesel, jet fuel, and propane. The company boasts an extensive pipeline network that extends from the Gulf Coast to various states in the Midwest, facilitating efficient and reliable service.
Key highlights:
- Magellan operates crucial pipelines like the Longhorn Pipeline, supporting movement to and from refineries.
- Through its refined products segment, it offers access to fast-growing markets, especially in regions where demand for gasoline and diesel continues to rise.
2. Crude Oil:
Magellan’s crude oil segment specializes in the transportation and storage of crude oil, focusing on key areas where crude is produced. The company operates several pipelines that effectively connect major crude oil production zones, like the Permian Basin, to refineries located along the Gulf Coast.
Key highlights:
- Infrastructure includes both gathering lines and long-haul pipelines that support the efficient transfer of crude oil to refineries.
- Crude oil storage facilities are strategically positioned to ensure flexibility and responsiveness to market fluctuations.
3. Marine Storage:
This segment is dedicated to providing storage and delivery services for both refined products and crude oil. Magellans marine terminals are strategically located along major shipping lanes in the Gulf Coast region, optimizing access to international markets.
Key highlights:
- The marine terminals support efficient loading and unloading operations, allowing for seamless transitions between land and maritime logistics.
- Facilities are equipped to handle various refined products, enhancing operational flexibility whenever necessary.
Products
1. Pipeline Transportation Services:
Magellan offers extensive pipeline transportation services for refined products, crude oil, and natural gas liquids (NGLs). The pipeline infrastructure is designed for long-distance transport, providing a cost-effective means of moving large volumes of oil and gas safely and efficiently.
2. Storage Services:
The company maintains a diversified portfolio of storage tanks designed to accommodate various products. Storage services encompass tank leasing, throughput arrangements, and ancillary services, which provide clients with flexible solutions tailored to their needs.
3. Terminal Services:
Magellan’s marine terminals support customers by providing critical access to key waterways and facilitating entry into international markets. This includes essential services such as dock and vessel berthing, loading and unloading services, and comprehensive storage services.
Services
1. Marketing and Distribution Services:
Magellan provides a wide array of marketing and distribution services, such as supply chain management, product scheduling, and inventory management. This full suite of services ensures that customers efficiently manage their products from production to delivery.
2. Asset Management:
The company offers robust asset management services for all aspects of its operations, including pipelines, terminals, and storage tanks. This involves regular maintenance, inspection, repair, and comprehensive management to enhance operational reliability.
3. Technical Services:
Magellan extends its expertise through various technical services, which include engineering, design, and construction for pipelines, terminals, and storage facilities. Additionally, the company provides regulatory compliance consulting services to aid clients in adhering to industry standards and regulations.
Through its comprehensive segments, products, and services, Magellan Midstream Partners L.P. continues to effectively position itself as an integral player in the midstream oil and gas industry, adapting to evolving market demands and maintaining a commitment to operational excellence.
Segments
1. Refined Products:
This segment is crucial to Magellan’s operations, focusing on the transportation, storage, and distribution of refined petroleum products such as gasoline, diesel, jet fuel, and propane. The company boasts an extensive pipeline network that extends from the Gulf Coast to various states in the Midwest, facilitating efficient and reliable service.
Key highlights:
- Magellan operates crucial pipelines like the Longhorn Pipeline, supporting movement to and from refineries.
- Through its refined products segment, it offers access to fast-growing markets, especially in regions where demand for gasoline and diesel continues to rise.
2. Crude Oil:
Magellan’s crude oil segment specializes in the transportation and storage of crude oil, focusing on key areas where crude is produced. The company operates several pipelines that effectively connect major crude oil production zones, like the Permian Basin, to refineries located along the Gulf Coast.
Key highlights:
- Infrastructure includes both gathering lines and long-haul pipelines that support the efficient transfer of crude oil to refineries.
- Crude oil storage facilities are strategically positioned to ensure flexibility and responsiveness to market fluctuations.
3. Marine Storage:
This segment is dedicated to providing storage and delivery services for both refined products and crude oil. Magellans marine terminals are strategically located along major shipping lanes in the Gulf Coast region, optimizing access to international markets.
Key highlights:
- The marine terminals support efficient loading and unloading operations, allowing for seamless transitions between land and maritime logistics.
- Facilities are equipped to handle various refined products, enhancing operational flexibility whenever necessary.
Products
1. Pipeline Transportation Services:
Magellan offers extensive pipeline transportation services for refined products, crude oil, and natural gas liquids (NGLs). The pipeline infrastructure is designed for long-distance transport, providing a cost-effective means of moving large volumes of oil and gas safely and efficiently.
2. Storage Services:
The company maintains a diversified portfolio of storage tanks designed to accommodate various products. Storage services encompass tank leasing, throughput arrangements, and ancillary services, which provide clients with flexible solutions tailored to their needs.
3. Terminal Services:
Magellan’s marine terminals support customers by providing critical access to key waterways and facilitating entry into international markets. This includes essential services such as dock and vessel berthing, loading and unloading services, and comprehensive storage services.
Services
1. Marketing and Distribution Services:
Magellan provides a wide array of marketing and distribution services, such as supply chain management, product scheduling, and inventory management. This full suite of services ensures that customers efficiently manage their products from production to delivery.
2. Asset Management:
The company offers robust asset management services for all aspects of its operations, including pipelines, terminals, and storage tanks. This involves regular maintenance, inspection, repair, and comprehensive management to enhance operational reliability.
3. Technical Services:
Magellan extends its expertise through various technical services, which include engineering, design, and construction for pipelines, terminals, and storage facilities. Additionally, the company provides regulatory compliance consulting services to aid clients in adhering to industry standards and regulations.
Through its comprehensive segments, products, and services, Magellan Midstream Partners L.P. continues to effectively position itself as an integral player in the midstream oil and gas industry, adapting to evolving market demands and maintaining a commitment to operational excellence.