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Oil Gas Pipelines

Magellan Midstream Partners, L.P. owns and operates pipeline and storage terminals in the United States. Focus Area. Magellan's mission is to provide value to customers by offering exemplary services and fee-based transportation and storage services for refined petroleum products and crude oil. Magellan, a Fortune 500 company, has two refined products pipeline systems in the United States. Magellan's gross margin for the first quarter of 2022 was $705.7 million, a record for the first quarter.

Magellan has consistently increased its quarterly distribution since its initial public offering in 2010, giving investors an opportunity for attractive returns. Investors benefit from consistent and growing dividends and a stable business model that is less volatile and cyclical than many other publicly traded partnerships. Management has increased the distribution four times in the last five years, including a raise in late 2020. The distribution has increased by more than 15% during that time.

Magellan has increased its distribution by 10% in 2011 and 2012, 8% in 2013, 12% in 2014, and 10% in 2015. In 2016, the partnership increased its distribution by 8%, followed by 10% in 2017, 2018, and 2019. Since its IPO, Magellan has raised its distribution every year. The Partnership has increased its distribution at an 8% CAGR since its IPO.