Oil and Gas
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Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products, such as crude oil. It operates through the following segments: Refined Products, Crude Oil and Marine Storage. Read More The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.
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Oil and Gas
Master Limited Partnership
Seeking AlphaMar 18
Magellan Midstream Is Increasing DCF In 2019
Not only is their dividend sustainable with future growth projects planned, but MMP also plans to grow their distributed cash flow in 2019. The company has sound financial profile, which should reassure investors that their dividend is sustainable. MMP is reporting net income in an oil and gas sector that continues to struggle. Magellan Midstream Partners LP (MMP) has seen its stock price suffer along with peers in the midstream space as the industry struggles with lower oil prices and takeaway build-out...
Expected May 2, Pre-Market