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Latest Magellan Midstream Partners L.P. Stories

2011-07-21 08:14:00

TULSA, Okla., July 21, 2011 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 78.5 cents per unit for the period April 1 through June 30, 2011, representing 37 distribution increases since its initial public offering in 2001. The second-quarter 2011 distribution is 7% higher than the second-quarter 2010 distribution of 73.25 cents per unit and represents a 2% increase over the...

2011-06-28 08:05:00

TULSA, Okla., June 27, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2011 before the market opens on Wed., Aug. 3. Management will discuss second-quarter earnings and outlook for the remainder of 2011 during a conference call with analysts at 1:30 p.m. Eastern the same day. To participate in the conference call, dial (888) 259-8883 and provide code 5635195. Investors also may listen to the call via the...

2011-05-19 08:15:00

TULSA, Okla., May 19, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, president and chief executive officer, will present at the 2011 Master Limited Partnership Investor Conference hosted by the National Association of Publicly Traded Partnerships at 10:45 a.m. Eastern on Wed., May 25 at the Hyatt Regency in Greenwich, Connecticut. A copy of the slide presentation and audio webcast will be available beginning the day of the event on...

2011-05-04 07:30:00

TULSA, Okla., May 4, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $90.1 million for first quarter 2011, an increase of $25.6 million, or 40%, compared to $64.5 million for first quarter 2010. Net income per limited partner unit increased to 80 cents in first quarter 2011 versus 60 cents in the corresponding 2010 period. Net income per unit excluding mark-to-market (MTM) commodity-related pricing adjustments, a non-generally accepted...

2011-04-27 08:44:00

TULSA, Okla., April 27, 2011 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 77 cents per unit for the period Jan. 1 through March 31, 2011, representing 36 distribution increases since its initial public offering in 2001. The first-quarter 2011 distribution is 7% higher than the first-quarter 2010 distribution of 72 cents per unit and represents a 2% increase over the fourth-quarter...

2011-03-30 08:05:00

TULSA, Okla., March 30, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2011 before the market opens on Wed., May 4. Management will discuss first-quarter earnings and outlook for the remainder of 2011 during a conference call with analysts at 1:30 p.m. Eastern the same day. To participate in the conference call, dial (888) 715-1387 and provide code 5570992. Investors also may listen to the call via the partnership's...

2011-03-16 08:00:00

TULSA, Okla., March 16, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is proceeding with permitting and final engineering for the potential reversal and conversion of a portion of the partnership's Houston-to-El Paso pipeline to crude oil service. The reversed pipeline system would have a capacity of up to 200,000 barrels per day. Recent expressions of interest received from potential shippers indicate sufficient support exists to justify the...

2011-02-14 08:09:00

TULSA, Okla., Feb. 14, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has acquired the remaining interest in a joint venture for the construction of 4.25 million barrels of crude oil storage in Cushing, Oklahoma from the private investors who had been partial owners. As a result, Magellan is increasing its 2011 expansion capital spending estimate to $215 million from its previous estimate of $170 million for the acquisition cost and the...

2011-02-02 07:45:00

TULSA, Okla., Feb. 2, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported quarterly operating profit of $115.1 million for fourth quarter 2010, an increase of $11.4 million, or 11%, compared to $103.7 million for fourth quarter 2009. Net income grew 7% to $88 million for fourth quarter 2010 compared to $82 million for fourth quarter 2009, and net income per limited partner unit increased to 78 cents in fourth quarter 2010 versus 77 cents in the...

2011-02-01 14:28:00

TULSA, Okla., Feb. 1, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that due to inclement weather in the Midwest, the partnership will reschedule its previously announced analyst call to Thurs., Feb. 3. Management still plans to announce earnings for fourth quarter 2010 before the market opens on Wed., Feb. 2 but will host the related analyst call to discuss 2010 financial results and 2011 guidance at 1:30 p.m. Eastern on Thurs., Feb. 3. (Logo:...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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