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Latest Magellan Midstream Partners L.P. Stories

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...

2014-01-09 08:22:06

TULSA, Okla., Jan. 9, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has reopened 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 Jan. 16, 2014. As previously announced, Magellan is assessing customer interest to transport up to 75,000 barrels per day of gasoline, diesel fuel and jet fuel to Little...

2014-01-03 12:21:13

TULSA, Okla., Jan. 3, 2014 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2013 before the market opens on Wed., Feb. 5. Management will discuss 2013 earnings and guidance for 2014 during a conference call with analysts at 1:30 p.m. Eastern the same day. To join the conference call, dial (888) 401-4668 and provide code 8110910. Investors also may listen to the call via the partnership's website at...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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