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Magellan Midstream Partners Lp

Magellan Midstream Partners, L.P. (MMP) is a publicly traded partnership that operates in the energy infrastructure sector, specifically in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company was founded in 2000 and is headquartered in Tulsa, Oklahoma.

MMP's business is divided into two segments: Refined Products and Crude Oil.

The Refined Products segment includes refined petroleum products, such as gasoline, diesel fuel, jet fuel, and heating oil, which are transported and stored through a network of pipelines, storage terminals, and distribution facilities. The company's refined products network consists of approximately 9,700 miles of pipeline and 54 terminals.

The Crude Oil segment includes the transportation, storage, and distribution of crude oil through a network of pipelines, storage terminals, and a marine export terminal. The company's crude oil network consists of approximately 2,200 miles of pipeline and 26 terminals.

MMP's common units are listed on the New York Stock Exchange under the ticker symbol "MMP". As of February 2023, the company has a market capitalization of approximately $14 billion, making it one of the largest midstream energy companies in the US.

Magellan Midstream Partners, L.P. is known for its consistent financial performance, stable cash flows, and a long history of paying dividends to its unitholders. The company has increased its annual distribution for 19 consecutive years.