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Magellan Midstream Partners LP (MMP)

83.74 Down 0.19(0.23%) 9:39AM EDT - Nasdaq Real Time Price
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Magellan Midstream Partners LP
One Williams Center
Tulsa, OK 74172
United States - Map
Phone: 918-574-7000

Index Membership:N/A
Sector:Basic Materials
Industry:Oil & Gas Pipelines
Full Time Employees:1,459

Business Summary 

Magellan Midstream Partners, L.P. is engaged in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm cooperatives; and provides ancillary services, including ethanol and biodiesel loading and unloading, additive injection, custom blending, terminalling, laboratory testing, and data services. It also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners and other end-users of petroleum products. As of December 31, 2013, the company had interest 9,500-mile refined products pipeline system with 53 terminals, 27 independent terminals not connected to its pipeline system, and 1,100-mile ammonia pipeline system that transports and distributes ammonia from Texas and Oklahoma to various distribution points; approximately 1,100 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 18 million barrels; and marine terminals with an aggregate storage capacity of approximately 27 million barrels. Magellan GP, LLC serves as the general partner of Magellan Midstream Partners, L.P. The company was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Key Executives 
Mr. Michael N. Mears , 51
Chairman of Magellan GP LLC, Chief Exec. Officer of Magellan GP LLC and Pres of Magellan GP LLC
Ms. Lisa J. Korner , 52
Sr. VP of HR and Admin. of Magellan GP LLC
Mr. Douglas J. May , 43
Sr. VP of Magellan GP LLC, Gen. Counsel of Magellan GP LLC, Compliance & Ethics Officer of Magellan GP LLC and Assistant Sec. of Magellan GP LLC
Mr. Brett C. Riley , 44
Sr. VP of Bus. Devel. of Magellan GP LLC
Mr. Michael P. Osborne , 47
Chief Financial Officer of Magellan GP LLC and Sr. VP of Fin. & Accounting - Magellan GP LLC
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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