Magellan Midstream Partners

{{Short description|American oil pipeline corporation}}

{{Infobox company

| name = Magellan Midstream Partners, L.P.

| logo =

| type = Subsidiary

| traded_as = {{NYSE was|MMP}} (2006–2023)

| genre =

| fate =

| predecessor =

| successor =

| foundation =

| founder =

| defunct =

| location_city = Tulsa, Oklahoma

| location_country = United States

| location =

| locations =

| area_served =

| key_people = Aaron L. Milford
(CEO & President)

| industry =

| products =

| production =

| services =

| revenue = {{decrease}} {{US$|2.32 billion|link=yes}} (2022)

| operating_income = {{decrease}} {{US$|1.01 billion}} (2022)

| net_income = {{decrease}} {{US$|817 million}} (2022)

| aum =

| assets = {{increase}} {{US$|8.03 billion}} (2022)

| equity = {{increase}} {{US$|1.90 billion}} (2022)

| owner =

| num_employees = 1,655 (2022)

| parent = Oneok

| divisions =

| subsid =

| homepage = {{url|magellanlp.com}}

| footnotes = {{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1126975/000112697523000064/mmp-20221231.htm |title=2022 Annual Report (Form 10-K) |date=February 21, 2023 |publisher=US Securities and Exchange Commission}}

}}

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.{{cite web|title=Magellan Midstream Partners LP|url=https://www.bloomberg.com/quote/MMP:US|website=Bloomberg Business|accessdate=February 8, 2016}} It owns ammonia and petroleum pipelines in the Mid-Continent oil province. 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."{{cite web|title=Magellan (Magellan Pipeline)|url=https://2009-2017.state.gov/e/enr/applicant/applicants/c59882.htm|website=United States Department of State|accessdate=February 8, 2016}} The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.{{Cite news |last=Wilmoth |first=Adam |date=February 11, 2006 |title=Magellan Holdings' IPO raises $539 million |url=https://www.oklahoman.com/story/news/2006/02/11/magellan-holdings-ipo-raises-539-million/61901560007/ |work=The Oklahoman}} Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.{{cite web|title=Events|url=https://www.nyse.com/events/2757770251/Magellan-Midstream-Partners-LP-NYSE-MMP-Celebrates-their-15th-Anniversary-of-Listing-on-the-NYSE|website=New York Stock Exchange|accessdate=February 8, 2016}}

In May 2023, midstream energy services provider Oneok agreed to acquire Magellan in a cash-and-stock transaction valued at {{US$|18.8}}{{nbsp}}billion, including debt.{{cite news |last1=Narayan |first1=Jyoti |last2=French |first2=David |date=May 15, 2023 |title=US pipeline operator ONEOK moves into oil, products with $18.8 billion Magellan deal |url=https://www.reuters.com/markets/deals/oneok-buy-magellan-midstream-partners-deal-valued-188-billion-2023-05-14/ |publisher=Reuters}} The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.{{Cite news |last=Dekker |first=Michael |date=September 26, 2023 |title=ONEOK's $18.8B buyout of Magellan becomes official |url=https://tulsaworld.com/news/local/business/oneoks-18-8b-buyout-of-magellan-becomes-official/article_15216518-5bbf-11ee-b125-3f3e3eabec06.html |work=Tulsa World}}