Magellan Midstream Partners

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.^[2][3] It owns ammonia and petroleum pipelines in the Mid-Continent oil province.^[2] 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."^[4] The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.^[5][2] Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.^[6]

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	US$2.32 billion (2022)
Operating income	US$1.01 billion (2022)
Net income	US$817 million (2022)
Total assets	US$8.03 billion (2022)
Total equity	US$1.90 billion (2022)
Number of employees	1,655 (2022)
Parent	Oneok
Website	magellanlp.com
Footnotes / references [1]

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.^[7] The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.^[3]