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Latest Magellan Midstream Partners L.P. Stories

2014-05-06 08:25:36

Increases Annual Distributable Cash Flow Guidance to $810 Million for 2014 TULSA, Okla., May 6, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported record quarterly operating profit of $275.1 million for first quarter 2014, an increase of $132.6 million, or 93%, compared to $142.5 million for first quarter 2013. Net income more than doubled to a quarterly record of $242.6 million for first quarter 2014 compared to $113.0 million for first quarter 2013,...

2014-05-05 20:21:37

TULSA, Okla., May 5, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is proceeding with its pipeline project to deliver refined petroleum products to Little Rock, Arkansas, supported by commitments from its recent open season. As previously announced, Magellan plans to transport up to 75,000 barrels per day of gasoline, diesel fuel and jet fuel to Little Rock from the partnership's Ft. Smith, Arkansas terminal, providing the Little Rock...

2014-04-24 08:26:47

TULSA, Okla, April 24, 2014 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 61.25 cents per unit for the period Jan. 1 through March 31, 2014, representing the 48(th )distribution increase since its initial public offering in 2001. The first-quarter 2014 distribution is 21% higher than the first-quarter 2013 distribution of 50.75 cents per unit and represents a 5% increase over the...

2014-04-11 12:20:16

TULSA, Okla., April 11, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2014 before the market opens on Tues., May 6. Management will discuss first-quarter earnings and outlook for the remainder of 2014 during a conference call with analysts at 1:30 p.m. Eastern the same day. To join the conference call, dial (888) 466-4462 and provide code 1956876. Investors also may listen to the call via the partnership's...

2014-04-04 12:21:42

TULSA, Okla., April 4, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to host a meeting with research analysts and institutional investors beginning at 8:00 a.m. Central on Tues., April 8 in Houston. Michael Mears, president and chief executive officer, and other members of senior management will discuss the partnership's current business, growth projects and financial position. A copy of the slide presentation and audio webcast will be available live...

2014-04-03 08:23:46

TULSA, Okla., April 3, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it received sufficient commitments through its recent open season to proceed to the next phase for its potential pipeline to Little Rock, Arkansas. The partnership continues to finalize the scope and engineering estimates for this potential project, which may include utilization of an existing third-party pipeline for a portion of the route. As previously announced,...

2014-03-31 08:24:41

TULSA, Okla., March 31, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to construct a condensate splitter at its terminal in Corpus Christi, Texas under a fee-based, take-or-pay agreement with Trafigura AG. The project also includes construction of more than one million barrels of storage, dock improvements and two additional truck rack bays at Magellan's terminal as well as pipeline connectivity between Magellan's terminal and...

2014-02-25 16:24:23

TULSA, Okla., Feb. 25, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $250 million of its 5.15% senior notes due 2043. The notes, which are additional notes of the series originally issued on Oct. 10, 2013, were priced at 103.085% of par to yield 4.95% to maturity. The partnership intends to use the net proceeds from this offering of approximately $255 million, after underwriting discounts, estimated offering expenses and accrued...

2014-02-05 08:24:01

Targets Annual Distribution Growth of 20% for 2014 and 15% for 2015 TULSA, Okla., Feb. 5, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported record quarterly operating profit of $223.5 million for fourth quarter 2013, an increase of $40.8 million, or 22%, compared to $182.7 million for fourth quarter 2012. Net income grew 24% to a quarterly record of $190.0 million for fourth quarter 2013 compared to $153.8 million for fourth quarter 2012, and diluted...

2014-01-28 16:20:58

TULSA, Okla., Jan. 28, 2014 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 58.5 cents per unit for the period Oct. 1 through Dec. 31, 2013, representing the 47(th )distribution increase since its initial public offering in 2001. The fourth-quarter 2013 distribution is 17% higher than the fourth-quarter 2012 distribution of 50 cents per unit and represents a 5% increase over the...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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