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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.
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.
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.
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.
https://en.wikipedia.org/wiki/Magellan_Midstream_Partners
https://in.investing.com/equities/magellan-midstream-partners-lp
https://finance.yahoo.com/quote/MMP/profile?p=MMP
https://www.comparably.com/companies/magellan-midstream-partners-l-p/mission
https://www.crunchbase.com/organization/magellan-midstream-partners-l-p
https://sec.report/CIK/0001126975
