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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...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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