MMP - Magellan Midstream Partners, L.P.

NYSE - NYSE Delayed Price. Currency in USD

Magellan Midstream Partners, L.P.

One Williams Center
Tulsa, OK 74172
United States
918-574-7000
http://www.magellanlp.com

SectorEnergy
IndustryOil & Gas Midstream
Full Time Employees1,868

Key Executives

NameTitlePayExercisedYear Born
Mr. Michael N. MearsChairman, Pres & CEO of Magellan GP, LLC2.16MN/A1963
Mr. Aaron L. MilfordChief Operating Officer of Magellan GP, LLC1.09MN/A1974
Ms. Lisa J. KornerSr. VP of HR & Admin. - Magellan GP LLC918.75kN/A1961
Mr. Douglas J. MaySVP, Gen. Counsel, Compliance & Ethics Officer and Asst. Sec. of Magellan GP LLC941.27kN/A1971
Mr. Jeff R. SelvidgeSr. VP of Commercial for Refined Products - Magellan GP LLCN/AN/A1961
Amounts are as of December 31, 2018 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.

Description

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products, Crude Oil, and Marine Storage segments. It operates refined products pipeline that transports gasoline, distillates diesel fuel, kerosene, heating oil, aviation fuels, and liquefied petroleum gases for independent refiners and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, bio-fuel producers, and regional farm cooperatives; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services to shippers. The company 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, marketers, traders, and other end users of petroleum products. As of December 31, 2018, it had 9,700-mile refined products pipeline system with 53 terminals, as well as 25 independent terminals; approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 28 million barrels; and 6 marine terminals with an aggregate storage capacity of approximately 27 million barrels. Magellan Midstream Partners, L.P. was founded in 2000 and is headquartered in Tulsa, Oklahoma.

Corporate Governance

Magellan Midstream Partners, L.P.’s ISS Governance QualityScore as of October 4, 2019 is 2. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.