Magellan Midstream Partners L P

About Magellan Midstream Partners L P

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 more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. Magellan owns the longest refined petroleum products pipeline system in the country. They can tap into nearly 50% of the nation’s refining capacity and store more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. With Magellan, you are investing in the strength and stability of an investment-grade company. Their investors benefit from their primarily fee-based business, low-risk growth projects and attractive quarterly cash distributions. 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 in three segments: Refined Products, Crude Oil, and Marine Storage. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel loading and unloading, additive injection, custom blending, laboratory testing, and data services. It also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners and other end-users of petroleum products. As of December 31, 2014, the company had 9,500-mile refined products pipeline system with 53 terminals, as well as 27 independent terminals; 1,100-mile ammonia pipeline system; approximately 1,600 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 21 million barrels; and 5 marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. The company was founded in 2000 and is headquartered in Tulsa, Oklahoma.

Website	http://www.magellanlp.com/
Employees	501-1,000 employees View all Magellan Midstream Partners L P employees
Industry	Renewable Energy Semiconductor Manufacturing
Phone number	(918) 574-7000
Headquarter	Tulsa, OK
Founded	2000