Magellan Midstream Partners

Magellan Midstream Partners, L.P.

Company type	Subsidiary
Traded as	NYSE: MMP (2006–2023)
Headquarters	Tulsa, Oklahoma , United States
Key people	Aaron L. Milford (CEO & President)
Revenue	Decrease US$2.32 billion (2022)
Operating income	Decrease US$1.01 billion (2022)
Net income	Decrease US$817 million (2022)
Total assets	Increase US$8.03 billion (2022)
Total equity	Increase US$1.90 billion (2022)
Number of employees	1,655 (2022)
Parent	Oneok
Website	magellanlp.com
Footnotes / references

Magellan Midstream Partners, L.P. is an American energy pipeline operator based in Tulsa, Oklahoma that primarily transports, stores and distributes refined petroleum products and crude oil.

It owns ammonia and petroleum pipelines in the Mid-Continent oil province. According to the United States Department of State, it owns "83 petroleum products terminals, more than 9,000 miles of refined products pipeline, 800 miles of crude oil pipeline and a 1,100-mile ammonia pipeline system."

History

The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange. Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.

In May 2023, midstream energy services provider Oneok agreed to acquire Magellan in a cash-and-stock transaction valued at US$18.8 billion, including debt. The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.