|Exchange:||New York Stock Exchange|
|Stock:||Magellan Midstream Partners, L.P.|
|Industry:||Oil & Gas Midstream|
|Magellan Midstream Partners, L.P. is a publicly traded Delaware limited partnership formed in the year 2000. Magellan GP, LLC, a wholly-owned Delaware limited liability company, serves as its general partner. The Company is mainly engaged in the transportation, storage and distribution of refined petroleum products. It owns a petroleum products pipeline system, petroleum products terminals and an ammonia pipeline system. The Company's segments offer different products and services and are managed separately because each requires different marketing strategies and business knowledge. The Company’s petroleum products pipeline system includes approximately 9,600 miles of pipeline and 49 terminals that provide transportation, storage and distribution services. The Company’s petroleum products pipeline system covers a 13-state area extending from Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin and Illinois. The products transported on its pipeline system are mainly gasoline, distillates, LPGs and aviation fuels. Product originates on the system from direct connections to refineries and interconnects with other interstate pipelines for transportation and ultimate distribution to retail gasoline stations, truck stops, railroads, airports and other end-users. It has an ownership interest in Osage Pipe Line Company, LLC (Osage Pipeline), which owns the 135-mile Osage pipeline that transports crude oil from Cushing, Oklahoma to El Dorado, Kansas and has connections to National Cooperative Refining Association's refinery in McPherson, Kansas and the Frontier refinery in El Dorado, Kansas. Most of its petroleum products terminals are strategically located along or near third-party pipelines or petroleum refineries. The petroleum products terminals provide a variety of services such as distribution, storage, blending, inventory management and additive injection to a diverse customer group including governmental customers and end-users in the downstream refining, retail, commercial trading, industrial and petrochemical industries. The ammonia pipeline system consists of a 1,100-mile ammonia pipeline and six company-owned terminals. Shipments on the pipeline mainly originate from ammonia production plants located in Borger, Texas and Enid and Verdigris, Oklahoma for transport to terminals throughout the Midwest. It faces competition from other pipelines and terminals in the same markets as its assets.|
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