Magellan Midstream Partners, L.P. (MMP) |
| 69 0.46 (0.67%) 09-22 16:01 |
| Open: | 69.44 |
| High: | 69.89 |
| Low: | 68.8 |
| Volume: | 31,030,562 |
| Market Cap: | 13,945(M) |
| PE Ratio: | 13.8 |
| Exchange: | New York Stock Exchange |
| Industry: | Oil & Gas Midstream |
| Sector: | Energy |
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| 52w High: | 69.9 |
| 52w Low: | 46.55 |
Magellan Midstream Partners, L.P. (MMP) is an energy infrastructure firm primarily engaged in the logistics of refined petroleum products and crude oil throughout the United States. The company's operations are divided into two principal business units: Refined Products and Crude Oil. Its Refined Products segment oversees an extensive pipeline system for transporting a variety of fuels, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. This network serves a broad spectrum of clients, from wholesalers, retailers, and traders to major transportation providers like railroads and airlines, as well as local farm cooperatives. These products ultimately reach diverse end-markets such as retail gasoline stations, truck stops, agricultural cooperatives, railway fueling depots, military bases, and commercial airports. In addition to transport, this segment offers critical services like pipeline capacity, tank storage, terminalling, specialized handling for ethanol and biodiesel (unloading and loading), additive injection, custom blending, laboratory analysis, and data services. Separately, the Crude Oil segment owns and manages a network of crude oil pipelines and storage facilities. This division also operates marine terminals situated along coastal areas, which provide comprehensive asset management solutions—from design and installation to construction, testing, ongoing operation, replacement, and overall administration—for refiners, marketers, and traders. As of December 31, 2021, MMP's infrastructure included a 9,800-mile refined products pipeline system featuring 54 associated terminals. Its crude oil assets comprised approximately 2,200 miles of pipelines and storage facilities with a total capacity of around 39 million barrels, in addition to two marine terminals. The company was founded in 2000 and has its corporate headquarters in Tulsa, Oklahoma.
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Thu, 11 Dec 2025
ONEOK to Acquire Magellan Midstream for $18.8 Billion - Industrial Info Resources
Thu, 21 Sep 2023
Magellan Midstream holders approve $18.8 billion sale to ONEOK - Reuters
Mon, 11 Sep 2023
Magellan Midstream Declares Special Cash Distribution - PR Newswire
Mon, 15 May 2023
ONEOK Buys Magellan for $18.8 Billion to Add Oil, Refined Products - Investopedia
Mon, 15 May 2023
Latham & Watkins Advises Magellan Midstream Partners in US$18.8 Billion Acquisition by ONEOK - Latham & Watkins LLP
Fri, 20 May 2022
Magellan Midstream to Participate in the 2022 EIC Investor Confe - GuruFocus
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