Magellan Midstream Partners, L.P.

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 through Refined Products and Crude Oil segments. The company operates refined products pipeline that transports gasoline, diesel fuel, aviation fuel, kerosene, and heating oil to wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; and to end markets, including retail gasoline stations, truck stops, farm cooperatives, railroad fueling depots, military bases, and commercial airports. Further, it provides pipeline capacity and tank storage services, as well as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. In addition, the company owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide design, installation, construction, testing, operation, replacement, and management of assets to refiners, marketers, and traders. As of December 31, 2021, it had 9,800-mile refined products pipeline system with 54 terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 39 million barrels; and two marine terminals. The company was incorporated in 2000 and is headquartered in Tulsa, Oklahoma.

ONEOK

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 nearly 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. 

Safety, efficiency, honesty and responsibility are at the core of our business. Our character is demonstrated in the respect we show for our co-workers, our company and the communities in which we operate.

Magellan Midstream Partners

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Earlier this week, we announced the successful completion of our acquisition of Magellan. The new ONEOK is built on the two companies’ shared values of safety, environmental stewardship and community investments. We are stronger together and focused on delivering energy products and services vital to an advancing world. Together, we are better positioned to deliver and make a lasting positive impact. #WEAREONEOK 

NYSE:MMP

Magellan Learning Portfolio

Last Close

68.54

22/09 20:01

Market Cap

13.94B

Beta: 0.91

Volume Today

31.03M

Avg: 787.01K

PE Ratio

13.60

PFCF: 10.60

Dividend Yield

4.91%

Payout:83.00%

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