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Latest Magellan Midstream Partners L.P. Stories

2011-08-17 12:56:00

TULSA, Okla., Aug. 17, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has priced $250 million of its 4.25% senior notes due 2021. The notes, which are additional notes of the series originally issued on Aug. 11, 2010, were priced at 104.094% to yield 3.731% to maturity. The partnership intends to use the net proceeds from this offering of approximately $259 million, after the underwriting discount, estimated offering expenses and accrued interest,...

2011-08-03 07:30:00

TULSA, Okla., Aug. 3, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported record quarterly operating profit of $128.7 million for second quarter 2011 compared to $124.7 million for second quarter 2010. The partnership also generated record quarterly net income of $103 million for second quarter 2011 compared to $102.5 million for second quarter 2010. Net income per limited partner unit was 91 cents in second quarter 2011 versus 96 cents in the corresponding...

2011-07-21 08:14:00

TULSA, Okla., July 21, 2011 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 78.5 cents per unit for the period April 1 through June 30, 2011, representing 37 distribution increases since its initial public offering in 2001. The second-quarter 2011 distribution is 7% higher than the second-quarter 2010 distribution of 73.25 cents per unit and represents a 2% increase over the...

2011-06-28 08:05:00

TULSA, Okla., June 27, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for second quarter 2011 before the market opens on Wed., Aug. 3. Management will discuss second-quarter earnings and outlook for the remainder of 2011 during a conference call with analysts at 1:30 p.m. Eastern the same day. To participate in the conference call, dial (888) 259-8883 and provide code 5635195. Investors also may listen to the call via the...

2011-05-19 08:15:00

TULSA, Okla., May 19, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, president and chief executive officer, will present at the 2011 Master Limited Partnership Investor Conference hosted by the National Association of Publicly Traded Partnerships at 10:45 a.m. Eastern on Wed., May 25 at the Hyatt Regency in Greenwich, Connecticut. A copy of the slide presentation and audio webcast will be available beginning the day of the event on...

2011-05-04 07:30:00

TULSA, Okla., May 4, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $90.1 million for first quarter 2011, an increase of $25.6 million, or 40%, compared to $64.5 million for first quarter 2010. Net income per limited partner unit increased to 80 cents in first quarter 2011 versus 60 cents in the corresponding 2010 period. Net income per unit excluding mark-to-market (MTM) commodity-related pricing adjustments, a non-generally accepted...