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Magellan Midstream Partners

#1263

Rank

$12.93B

Marketcap

US United States

Country

Magellan Midstream Partners
Leadership team

Mr. Aaron L. Milford (Pres, CEO & Director of Magellan GP LLC)

Ms. Melanie A. Little (Exec. VP & COO of Magellan GP LLC)

Mr. Jeffrey L. Holman (Principal Accounting Officer, Exec. VP, CFO & Treasurer of Magellan GP LLC)

Products/ Services
Energy, Logistics, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Tulsa, Oklahoma, United States
Established
2000
Company Registration
SEC CIK number: 0001126975
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
MMP
Social Media
Overview
Location
Summary
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.
History

The partnership was founded in 2000 with its headquarters in Tulsa, Oklahoma. In 2004, Magellan became a publicly traded company on the New York Stock Exchange. In 2019, Magellan completed a $3 billion expansion project which included a new crude oil pipeline, expanding its storage capacity, building a rail offloading facility, and increasing its truck and barge loading capacity.

Mission
we strive to increase cash distributions to our unitholders through internally-generated growth projects which expand the profitability of our existing asset base and through acquisitions of energy infrastructure assets possessing a reasonable risk/reward profile.
Vision
To be the premiere midstream provider of choice for our customers, and to continue to be a reliable and trusted partner in the energy industry.
Key Team

Ms. Lisa J. Korner (Sr. VP of HR & Admin.)

Mr. Douglas J. May (Sr. VP, Gen. Counsel and Compliance & Ethics Officer of Magellan GP LLC)

Mr. Michael C. Pearson (Sr. VP of Technical Services - Magellan GP LLC)

Ms. Paula Farrell (Associate VP of Investor Relations - Magellan GP LLC)

Mr. Kyle T. Krshka (Sr. VP, Commercial ? Crude Oil)

Mr. Michael J. Aaronson (Exec. VP & Chief Commercial Officer of Magellan GP LLC)

Mr. Mark B. Roles (Sr. VP of Commercial & Refined Products - Magellan GP LLC)

Recognition and Awards
Magellan Midstream Partners has been recognized with a number of awards, including the American Heart Association's Workplace Health Achievement Award in 2009 and the American Petroleum Institute's Environmental and Safety Excellence Award in 2010. The company has also been named to FORTUNE magazine's list of the nation's Most Admired Companies in Energy, one of America's Safest Companies by EHS Today, and one of the Best Places to Work in the Oil Industry by Oil & Gas Investor.
References
Magellan Midstream Partners
Leadership team

Mr. Aaron L. Milford (Pres, CEO & Director of Magellan GP LLC)

Ms. Melanie A. Little (Exec. VP & COO of Magellan GP LLC)

Mr. Jeffrey L. Holman (Principal Accounting Officer, Exec. VP, CFO & Treasurer of Magellan GP LLC)

Products/ Services
Energy, Logistics, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Tulsa, Oklahoma, United States
Established
2000
Company Registration
SEC CIK number: 0001126975
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
MMP
Social Media