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Last updated on April 16, 2014 at 17:34 EDT

Latest Magellan Midstream Partners L.P. Stories

2012-11-19 16:24:39

TULSA, Okla. and LOS ANGELES, Nov. 19, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and Occidental Petroleum Corporation (NYSE: OXY) announced today that they are proceeding with the construction of the previously announced BridgeTex Pipeline to transport Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area. The BridgeTex Pipeline is supported by long-term transportation commitments received during its recent successful open...

2012-11-02 15:21:03

TULSA, Okla., Nov. 2, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced a $250 million public offering of 4.20% senior notes due Dec. 1, 2042 at a price of approximately 99.338% of par to yield 4.239% to maturity. The partnership intends to use the net proceeds from this offering of approximately $245.7 million, after underwriting discounts and estimated offering expenses, for general partnership purposes, including capital expenditures and...

2012-10-31 07:22:43

TULSA, Okla., Oct. 31, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported operating profit of $79.3 million for third quarter 2012 compared to $137.8 million for third quarter 2011. Both periods were significantly impacted by mark-to-market (MTM) adjustments for New York Mercantile Exchange (NYMEX) positions used to economically hedge the partnership's commodity-related activities, with the 2011 period greatly benefitting from MTM gains and the 2012 period...

2012-10-25 11:21:11

TULSA, Okla., Oct. 25, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) has rescheduled its third-quarter earnings date and now plans to announce financial results before the market opens on Wed., Oct. 31. Management will discuss third-quarter earnings and outlook for the remainder of 2012 during a conference call with analysts at 1:30 p.m. Eastern on Oct. 31. To participate in the conference call, dial (888) 329-8893 and provide code 6471308. Investors also may listen to...

2012-10-24 07:25:53

TULSA, Okla., Oct. 24, 2012 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 48.5 cents per unit for the period July 1 through Sept. 30, 2012, representing the 42(nd) distribution increase since its initial public offering in 2001. The third-quarter 2012 distribution is 21% higher than the third-quarter 2011 distribution of 40 cents per unit and represents a 3% increase over the...

2012-10-15 07:22:28

TULSA, Okla., Oct. 15, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) has completed the previously announced two-for-one split of its limited partner units, which will begin trading on a post-split basis today. Holders of record on Sept. 28, 2012 received one additional limited partner unit at the close of business on Oct. 12 for each unit owned on the record date. The partnership now has approximately 226.2 million units outstanding. As a result of the...

2012-09-25 06:21:14

TULSA, Okla., Sept. 25, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for third quarter 2012 before the market opens on Mon., Nov. 5. Management will discuss third-quarter earnings and outlook for the remainder of 2012 during a conference call with analysts at 1:30 p.m. Eastern the same day. To participate in the conference call, dial (888) 539-3696 and provide code 6471308. Investors also may listen to the call via the partnership's...

2012-08-30 10:22:21

TULSA, Okla., Aug. 30, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, president and chief executive officer, will present at the Barclays CEO Energy-Power Conference at 2:25 p.m. Eastern on Wed., Sept. 5 at the Sheraton New York Hotel & Towers in New York City. A copy of the slide presentation and audio webcast will be available live on the day of the event on the partnership's website at www.magellanlp.com/webcasts.aspx....

2012-08-30 02:22:47

TULSA, Okla., Aug. 30, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that its board of directors has approved a two-for-one split of the partnership's limited partner units. Holders of record at the close of business on Sept. 28, 2012 will receive one additional limited partner unit for each unit owned on that date. The units will be distributed on Oct. 12, 2012. "Magellan has grown immensely since our initial public offering in Feb. 2001, and our...

2012-08-01 02:23:48

TULSA, Okla., Aug. 1, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported record operating profit of $167.3 million for second quarter 2012 compared to $128.7 million for second quarter 2011, and net income was a record $137.8 million for second quarter 2012 compared to $103 million for second quarter 2011. Diluted net income per limited partner unit was also a quarterly record of $1.22 in second quarter 2012 versus 91 cents in the corresponding 2011 period....