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Last updated on April 16, 2014 at 11:09 EDT

Latest Magellan Midstream Partners L.P. Stories

2012-02-21 08:05:00

TULSA, Okla., Feb. 21, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today a one-week extension of the binding open season to solicit capacity commitments from shippers to transport crude oil from Crane, Texas to the partnership's East Houston terminal for further delivery to the Houston and Texas City-area refineries through Magellan's distribution system. Binding commitments for the Crane-to-Houston crude oil pipeline are now due on March 1, 2012. As...

2012-02-07 07:00:00

TULSA, Okla., Feb. 7, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported record quarterly operating profit of $139.8 million for fourth quarter 2011, an increase of $24.7 million, or 21%, compared to $115.1 million for fourth quarter 2010. Net income grew 25% to a quarterly record of $110.3 million for fourth quarter 2011 compared to $88 million for fourth quarter 2010, and diluted net income per limited partner unit increased to 97 cents in fourth quarter...

2012-01-26 10:33:00

TULSA, Okla., Jan. 26, 2012 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 81.5 cents per unit for the period Oct. 1 through Dec. 31, 2011, representing the 39th distribution increase since its initial public offering in 2001. (Logo: http://photos.prnewswire.com/prnh/20031107/DAMAGELOGO) The fourth-quarter 2011 distribution is 2% higher than the third-quarter 2011 distribution of 80...

2012-01-23 12:46:00

TULSA, Okla., Jan. 23, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has launched two separate binding open seasons to solicit capacity commitments from shippers to transport crude oil from West Texas to the partnership's East Houston terminal for further delivery to the Houston and Texas City-area refineries through Magellan's distribution system. As previously announced, Magellan is in the process of reversing and converting its...

2012-01-04 08:05:00

TULSA, Okla., Jan. 4, 2012 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for fourth quarter 2011 before the market opens on Tues., Feb. 7. Management will discuss 2011 earnings and 2012 guidance during a conference call with analysts at 1:30 p.m. Eastern the same day. To participate in the conference call, dial (800) 289-0463 and provide code 4406896. Investors also may listen to the call via the partnership's website at...

2011-12-20 13:56:00

HOUSTON and TULSA, Okla., Dec. 20, 2011 /PRNewswire/ -- Copano Energy, L.L.C. (NASDAQ: CPNO) and Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the formation of a joint venture to deliver Eagle Ford Shale condensate to Corpus Christi, Texas. The 50/50 joint venture, known as Double Eagle Pipeline LLC, will construct and own approximately 140 miles of new pipeline to connect an existing 50-mile pipeline segment owned by Copano to Karnes, Live Oak, McMullen and LaSalle...

2011-12-15 08:30:00

CHICAGO, Dec. 15, 2011 /PRNewswire/ -- Four free stock picks are being made available today on Zacks.com. The industry's leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) The four highlighted picks are: Credit Acceptance Corp (Nasdaq: CACC), Magellan Midstream...

2011-11-29 15:26:00

TULSA, Okla., Nov. 29, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that John Chandler, chief financial officer, will present at the Wells Fargo Pipeline and MLP Symposium at 11:05 a.m. Eastern on Tues., Dec. 6 at the New York Palace Hotel in New York City. A copy of the slide presentation and audio webcast will be available beginning the day of the event on the partnership's website at http://www.magellanlp.com/webcasts.aspx for 30 days....

2011-11-02 07:00:00

TULSA, Okla., Nov. 2, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported record quarterly operating profit of $137.8 million for third quarter 2011 compared to $82.3 million for third quarter 2010. The partnership also generated record quarterly net income of $110.2 million for third quarter 2011 compared to $56.6 million for third quarter 2010. Net income per limited partner unit was 98 cents in third quarter 2011 versus 51 cents in the corresponding 2010...

2011-11-01 15:17:00

TULSA, Okla., Nov. 1, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is further expanding its crude oil pipeline distribution capabilities in the Houston area to deliver domestic crude oil and condensate transported via third-party pipeline systems from the Eagle Ford Shale production area directly to local refineries. The project includes the construction of a 6-mile, 24-inch diameter crude oil pipeline between the pipeline interchanges of Genoa...