| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
203 |
| Employees |
645 |
| Revenues (TTM) (Millions $) |
3,484 |
| Net Income (TTM) (Millions $) |
1,030 |
| Cash Flow (TTM) (Millions $) |
118 |
| Capital Exp. (TTM) (Millions $) |
185 |
Business Description
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.
Company Address: One Williams Center Tulsa 74121 OK
Company Phone Number: 574-7000 Stock Exchange / Ticker: NYSE MMP
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43.24% 