Magellan Midstream Partners LP
(NYSE: MMP)
-0.24-0.44%Today's Close
|
53.58
-0.12
-0.23%
After hours
| Exchange: | NYSE |
| Stock: | Magellan Midstream Partners, L.P. |
| Industry: | Oil & Gas Pipelines |
| Employees: | 1,339 |
| Magellan Midstream Partners, L.P. is engaged in the transportation, storage and distribution of refined petroleum products. The Company operates in three segments: petroleum pipeline system, petroleum terminals and ammonia pipeline system. Its petroleum pipeline system, consists of approximately 9,600 miles of pipeline and 50 terminals. Petroleum terminals include storage terminal facilities (consisting of six marine terminals located along coastal waterways and crude oil storage in Cushing, Oklahoma) and 27 inland terminals. Its ammonia pipeline system is representing 1,100-mile ammonia pipeline and six associated terminals. In January 2011, the Company acquired the remaining 50% undivided interest in its Southlake. In April 2011, it acquired an approximate 38-mile petroleum products pipeline segment connected to its petroleum pipeline system at Reagan, Texas. In May 2011, the Company acquired petroleum products storage tanks in Riverside, Missouri. |
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