Magellan Midstream Partners L.P.

NYSE:MMP   3:59:59 PM EDT
45.50
+0.17 (+0.38%)
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Market Cap (Intraday)10.21B
Current PE11.10
Forward PE 12.23
2yr Forward PE 11.55
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Estimates Current Quarter
Revenue$638.97 Million
Adjusted EPS$0.85
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10-Day MA$45.56
50-Day MA$43.93
200-Day MA$39.81
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MAGELLAN MIDSTREAM PARTNERS LP Stock, NYSE:MMP

ONE WILLIAMS CENTER, MD 28-1, TULSA, OK 74172
United States of America
Phone: 918 574 7000
Number of Employees: 1868

Description

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It 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; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services. The company 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, marketers, traders, and other end users of petroleum products. As of December 31, 2016, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals; 1,100-mile ammonia pipeline system; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 22 million barrels; and 5 marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. The company serves as the general partner of Magellan GP, LLC. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.