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Magellan Midstream Partners, L.P.

 
Hoover's Profile: Magellan Midstream Partners, L.P.
(NYSE:MMP)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Magellan Midstream Partners, L.P.
1 Williams Center
Tulsa, OK 74172
OK Tel. 918-574-7000
Toll Free 800-574-6671
Fax 918-573-6714

Type: Public
On the web: http://www.magellanlp.com
Employees: 1,204
Employee growth: 6.8%

Having circumnavigated its energy prospects, Magellan Midstream Partners is looking to make even more money as an energy infrastructure enterprise with ammonia and petroleum products storage, transportation, and distribution assets. Magellan Midstream Partners' portfolio includes 27 inland terminals, and 1,100 miles of ammonia pipeline, 9,400 miles of refined petroleum pipeline, and 50 distribution terminals (with a combined usable storage capacity of 29 million barrels) in the US Midwest. The partnership also owns seven marine terminal facilities on the US East and Gulf coasts.

Key numbers for fiscal year ending December, 2008:
Sales: $1,212.8M
One year growth: (8.0%)
Net income: $346.6M
Income growth: 100.0%

Officers:
Chairman, President, and CEO: Donald R. (Don) Wellendorf
COO: Michael N. (Mike) Mears
SVP, CFO, and Treasurer: John D. Chandler

Competitors:
Dynegy
Enterprise Products
Transammonia

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