What does Magellan Midstream do?
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.
Who owns Magellan pipeline?
Magellan Midstream Partners, L. P.
Magellan Midstream Partners, L. P. is traded on the New York Stock Exchange under the ticker symbol MMP. Magellan Pipeline Company is a wholly-owned subsidiary of MMP which owns and operates the nation’s longest pipeline for the transportation of refined petroleum products.
How many employees does Magellan Midstream Partners have?
Headquartered in Tulsa, Oklahoma, Magellan operates in 24 states and has more than 1,700 employees.
Does MMP issue a K 1?
MMP does issue a K-1 tax form. Some investors may have extensive experience in K-1 tax filing and thus may not find it an issue, but others might find the hassle yet another reason to avoid buying MMP.
What is a midstream partner?
Midstream refers to points in the oil production process that falls between upstream and downstream. In particular, midstream activities include the storage, processing, and transportation of petroleum products. These may include companies that specialize in operating tanker ships, pipelines, or storage facilities.
Is Magellan Midstream a good company to work for?
Magellan Midstream Partners is ranked #25 on the Best Companies to Work For in Oklahoma list. Zippia’s Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
Is Magellan Midstream Partners LP A MLP?
Magellan Midstream Partners (MMP) is one of America’s largest master limited partnerships. The MLP also owns storage facilities, terminals, and several thousand miles of ammonia and oil pipelines.
What midstream means?
Midstream is a term used to describe one of the three major stages of oil and gas industry operations. Midstream activities include the processing, storing, transporting and marketing of oil, natural gas, and natural gas liquids.
What does Magellan Magellan Midstream Partners do?
About Magellan Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.
When did Magellan Midstream change its name to MMP?
In September 2003, we changed our name to Magellan Midstream Partners and began trading under the stock ticker MMP. In 2004, Magellan purchased significant assets from Shell, including more than 3,000 miles of refined product pipelines as well as terminals and storage capacity.
How do I contact Magellan Pipeline Safety?
Pipeline Safety. For a pipeline emergency, call 800-720-2417. Magellan is committed to safe operations of our assets. We maintain the highest standards in safety to do so.
How many miles of pipeline did Magellan own from BP?
In 2010, Magellan purchased another 100 miles of pipeline and 7.8 million barrels of storage from BP. In 2013, Magellan acquired approximately 800 miles of refined petroleum products pipeline, four terminals and 1.7 million barrels of storage from Plains All American Pipeline.
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