uploads///Magellan Midstreams Asset Map

Overview: Magellan Midstream Partners L.P.

Keisha Bandz - Author

Nov. 22 2019, Updated 7:05 a.m. ET

Magellan Midstream Partners

Magellan Midstream Partners L.P. (MMP), is a master limited partnership (or MLP) that owns and operates a diversified portfolio of energy infrastructure assets. The partnership primarily transports, stores, and distributes refined petroleum products. Its pipelines run from the Texas Gulf Coast to Colorado, Illinois, Minnesota, and North Dakota. It also has ammonia pipelines that extend from Texas and Oklahoma to the Midwest. Customers include independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm cooperatives.

Article continues below advertisement

Magellan Midstream owns an attractive portfolio of energy infrastructure assets that generate stable and recurring fee- and tariff-based revenues. This includes the longest U.S. refined petroleum products pipeline system (9,600 miles) and many petroleum terminals with more than 80 million barrels of storage.

It is important to note that MMP is a part of several ETFs including the Alerian MLP ETF (AMLP), the Global X MLP ETF (MLPA), the Global X MLP & Energy Infrastructure ETF (MLPX), and the First Trust North American Energy Infrastructure Fund (EMLP).

Continue reading the next part of this series to learn more about MMP’s business segments.


Latest Global X MLP & Energy Infrastructure ETF News and Updates

    © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.