Quantcast
Last updated on April 16, 2014 at 4:43 EDT

Latest Magellan Midstream Partners L.P. Stories

2013-11-20 20:22:25

TULSA, Okla., Nov. 20, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an extension of the open season to solicit capacity commitments from shippers to transport refined petroleum products to Little Rock, Arkansas. Management is currently in advanced discussions with potential shippers and remains optimistic about the prospects for this project. Binding commitments are now due by 5:00 p.m. Central Time on Dec. 13, 2013. The extension provides...

2013-11-15 12:21:46

TULSA, Okla., Nov. 15, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has closed on its previously-announced acquisition of Rocky Mountain pipeline assets from Plains All American Pipeline, L.P. (NYSE: PAA). The pipeline system includes approximately 550 miles of common carrier pipeline that distributes refined petroleum products in Colorado, South Dakota and Wyoming. The system includes 4 terminals with nearly 1.7 million barrels of...

2013-11-12 08:25:55

TULSA, Okla., Nov. 12, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Osborne will join the partnership to replace John Chandler, current chief financial officer, upon Chandler's previously-announced departure from the company on March 31, 2014. Osborne has more than 23 years experience in the energy industry with extensive experience in SEC reporting, debt and equity offerings, mergers and acquisitions and technical accounting and...

2013-10-31 08:25:48

TULSA, Okla., Oct. 31, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported operating profit of $154.6 million for third quarter 2013 compared to $79.3 million for third quarter 2012. Net income grew to $125.6 million for third quarter 2013 compared to $50.5 million for third quarter 2012. Diluted net income per limited partner unit was 55 cents in third quarter 2013 versus 22 cents in the corresponding 2012 period. Diluted net income per unit excluding...

2013-10-30 20:21:59

TULSA, Okla., Oct. 30, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an extension of the open season to solicit capacity commitments from shippers to transport refined petroleum products to Little Rock, Arkansas. Industry feedback continues to be positive, and Magellan management remains optimistic about the prospects for this project. Binding commitments are now due by 5:00 p.m. Central Time on Nov. 20, 2013. The extension provides potential...

2013-10-24 08:27:09

TULSA, Okla., Oct. 24, 2013 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 55.75 cents per unit for the period July 1 through Sept. 30, 2013, representing the 46(th) distribution increase since its initial public offering in 2001. The third-quarter 2013 distribution is 15% higher than the third-quarter 2012 distribution of 48.5 cents per unit and represents a 5% increase over the...

2013-10-14 08:21:08

TULSA, Okla., Oct. 14, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an extension of the open season to solicit capacity commitments from shippers to transport refined petroleum products to Little Rock, Arkansas. Binding commitments are now due by 5:00 p.m. Central Time on Nov. 4, 2013. As previously announced, Magellan is assessing customer interest to transport up to 75,000 barrels per day of gasoline, diesel fuel and jet fuel from the...

2013-10-08 12:22:09

TULSA, Okla., Oct. 8, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2013 before the market opens on Thurs., Oct. 31. Management will discuss third-quarter earnings and outlook for the remainder of 2013 during a conference call with analysts at 1:30 p.m. Eastern the same day. To join the conference call, dial (800) 533-7619 and provide code 3858290. Investors also may listen to the call via the partnership's...

2013-10-07 08:21:48

TULSA, Okla., Oct. 7, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it plans to construct a new origin at Barnhart, Texas to accept crude oil shipments on the partnership's Longhorn pipeline. The new origin, which will be located approximately 75 miles east of the pipeline's Crane, Texas origin, is expected to begin receiving crude oil in early 2015 and cost approximately $25 million. Further, Magellan plans to expand the capacity of the...

2013-10-03 16:21:02

TULSA, Okla., Oct. 3, 2013 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced a $300 million public offering of 5.15% senior notes due Oct. 15, 2043 at a price of approximately 99.56% of par to yield 5.179% to maturity. The partnership intends to use the net proceeds from this offering of approximately $295.6 million, after underwriting discounts and estimated offering expenses, to repay borrowings outstanding under its revolving credit facility...