Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has launched an open season to assess firm customer interest in the potential expansion of the partnership's New Mexico refined petroleum products pipeline. Interested customers must submit binding commitments by 5:00 p.m. Central Time on March 19.
Operator
Greetings, everyone, and welcome to the Fourth Quarter 2020 Earnings Call. [Operator Instructions] Afterwards, we will have a question-and-answer session. [Operator Instructions]
As a reminder, this conference is being recorded today, Tuesday, February 2, 2021.
I would now like to turn the call over to Mike Mears, Chief Executive Officer. Please go ahead.
Mike Mears
Hello and thank you for joining us today for our fourth quarter earnings call.
Before we get started, I must remind you that management will be making forward-looking statements as defined by the SEC. Such statements are based on our current judgments regarding the factors that could impact the future performance of Magellan, but actual outcomes could be materially different. You should review the risk factors and other information discussed in our filings with the SEC and form your own opinions about Magellan s future performance.
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Oil and Gas Investor Announces 2021 Honorees for Its Influential Women in Energy Program
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HOUSTON, Feb. 3, 2021 /PRNewswire/
Oil and Gas Investor and Hart Energy proudly announce the honorees for this year s Influential Women in Energy recognition program. These distinguished women and their contributions to the petroleum industry will be celebrated during a virtual event streaming on-demand starting
Thursday, March 25, 2021.
The program will include profiles of each woman recognized as well as topical roundtable discussions featuring small groups of honorees. For information about the agenda or to register for this virtual event, please visit
The
Company s 52-week low was at $22.02
Price action over last quarter: Up 22.33%
Company Overview
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country s longest petroleum pipeline network, terminal storage, and several crude oil pipelines. Refined products make about 60% of operating margin, with the remainder mainly crude oil pipelines.