Where is Magellan Midstream Partners?

Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil based in Tulsa, Okla.

What does MMP company do?

About Magellan Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes petroleum products.

Is Magellan Midstream Partners an MLP?

Magellan Midstream Partners (MMP) is one of America’s largest master limited partnerships. The MLP also owns storage facilities, terminals, and several thousand miles of ammonia and oil pipelines. Refined products generated 59% of Magellan’s 2018 operating margin, followed by crude oil (34%) and marine storage (7%).

Who is Mike Mears?

Mike Mears is a leadership speaker and consultant to government and private sector organizations. Along with his CIA operational experience, Mike founded and headed the CIA Leadership Academy. He retired as the Agency’s Chief of Human Capital.

Is Magellan Midstream a good company to work for?

Magellan Midstream Partners is ranked #35 on the Best Companies to Work For in Oklahoma list. Zippia’s Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Is Magellan Midstream Partners a buy?

Magellan Midstream Partners has received a consensus rating of Hold. The company’s average rating score is 2.21, and is based on 3 buy ratings, 11 hold ratings, and no sell ratings.

Where does the Magellan pipeline run?

It provides 50% or more of the refined products in several states. Magellan (ticker: MMP) also runs crude-oil pipelines in Texas, Oklahoma, and some neighboring states. It has 100 million barrels of storage capacity.

Who owns Longhorn pipeline?

The original pipeline ran from Houston to El Paso in Texas. In 2013 owner Magellan Midstream Partners reversed part of the pipeline, known as the Longhorn line, so that it could deliver crude oil from the Permian Basin to refineries in Houston, Texas.

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Is MMP stock a good buy?

Out of 12 analysts, 2 (16.67%) are recommending MMP as a Strong Buy, 1 (8.33%) are recommending MMP as a Buy, 9 (75%) are recommending MMP as a Hold, 0 (0%) are recommending MMP as a Sell, and 0 (0%) are recommending MMP as a Strong Sell. What is MMP’s earnings growth forecast for 2021-2023?

Do you pay taxes on MLP distributions?

MLPs offer a cost advantage over regular company stocks since they’re not hit with a double tax on dividends. In fact, their cash distributions are not taxed at all when unitholders receive them, which is very appealing.

Is Shell Midstream Partners a MLP?

“Today is an important day in our journey as an MLP,” said Kevin Nichols, CEO of Shell Midstream Partners GP LLC. “This transaction positions the Partnership well for the future, simplifying our structure and lowering our cost of capital.

Is EPD stock a MLP?

From an economic stand point, EPD operates as a publicly traded master limited partnership (MLP) that does not pay income taxes at the corporate level and is required to distribute 90% of its taxable earnings to its partners/investors.