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/PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today an agreement to sell its independent terminals network comprised of 26 refined...

/PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that Michael Mears, chief executive officer, is scheduled to participate in a...

Share this article Share this article TULSA, Okla., April 29, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $221.3 million for first quarter 2021 compared to $287.6 million for first quarter 2020. Diluted net income per common unit was 99 cents in first quarter 2021 and $1.26 in first quarter 2020. Diluted net income per unit excluding mark-to-market (MTM) commodity-related pricing adjustments, a non-generally accepted accounting principles (non-GAAP) financial measure, was $1.09 for first quarter 2021. These results were higher than the 75-c...

Magellan Midstream has sold nearly one-half of its membership interest in MVP Terminalling. Magellan Midstream Partners, L.P. (NYSE: MMP) reported Thursday that it has sold nearly one-half of its membership interest in MVP Terminalling, LLC, its Pasadena, Texas, refined products marine storage terminal joint venture along the Houston Ship Channel. MMP, which did not identify the buyer, stated that it sold the partial interest for $270 million and now owns approximately 25% of MVP Terminalling. It added that it continues to operate the facility. “Important energy infrastructure assets – su...

Message : Required fields TULSA, Okla., April 22, 2021 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today the sale of nearly half of its membership interest in its Pasadena marine terminal joint venture, MVP Terminalling, LLC, to an undisclosed financial buyer for $270 million. The sale closed on April 19. Magellan now owns approximately 25% of MVP Terminalling and remains the operator of the facility. MVP Terminalling owns a refined petroleum products marine storage terminal along the Houston Ship Channel in Pasadena, Texas. The terminal currently includes over fiv...