Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates through Refined Products, Crude Oil, and Marine Storage segments. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing, and data services. It also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners, marketers, traders, and other end users of petroleum products. As of December 31, 2015, the company had 9,500-mile refined products pipeline system with 52 terminals, as well as 28 independent terminals; 1,100-mile ammonia pipeline system; approximately 1,700 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 22 million barrels; and 5 marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels.

Magellan Midstream Partners was founded in 2000 and is headquartered in Tulsa, US

Magellan Midstream Partners has an office in Tulsa

Tulsa, US (HQ)

1 One Williams Center

Magellan Midstream Partners's revenue was reported to be $642.1 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 642.1 m |

## Gross profit (Q1, 2017) | 469.2 m |

## Gross profit margin (Q1, 2017), % | 73% |

## Net income (Q1, 2017) | 222.7 m |

## EBIT (Q1, 2017) | 271.5 m |

## Market capitalization (18-Aug-2017) | 14.8 b |

## Cash (31-Mar-2017) | 7.1 m |

Magellan Midstream Partners's current market capitalization is $14.8 b.

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Revenue | 1.6 b | 1.7 b | 1.8 b | 1.9 b | 2.3 b | 2.2 b | 2.2 b |

## Revenue growth, % | 12% | 1% | 7% | 21% | (5%) | 1% | |

## Cost of goods sold | 447.3 m | 493.3 m | |||||

## Gross profit | 1.7 b | 1.7 b | |||||

## Gross profit Margin, % | 80% | 78% | |||||

## General and administrative expense | 147.8 m | ||||||

## Operating expense total | 1.3 b | 1.3 b | |||||

## Depreciation and amortization | 121.2 m | 128 m | 142.2 m | 161.7 m | 166.8 m | ||

## EBIT | 698.8 m | 954.8 m | 897.1 m | 935.1 m | |||

## EBIT margin, % | 37% | 41% | 41% | 42% | |||

## Interest expense | 158.9 m | 194.2 m | |||||

## Interest income | 1.3 m | 1.4 m | |||||

## Pre tax profit | 821.5 m | 806 m | |||||

## Income tax expense | 2.3 m | 3.2 m | |||||

## Net Income | 586.9 m | 844.1 m | 821.5 m | 806 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 487.5 m | 577.2 m | 519.8 m | 518.9 m | 551.8 m | 642.1 m | |||

## Cost of goods sold | 94.5 m | 85.5 m | 113.6 m | 95.7 m | 118.2 m | 172.9 m | |||

## Gross profit | 393 m | 491.7 m | 406.2 m | 423.2 m | 433.5 m | 469.2 m | |||

## Gross profit Margin, % | 81% | 85% | 78% | 82% | 79% | 73% | |||

## General and administrative expense | 37.9 m | 37.6 m | 40.9 m | 34.5 m | 35.8 m | 40.3 m | |||

## Operating expense total | 37.9 m | 37.6 m | 40.9 m | 34.5 m | 35.8 m | 40.3 m | |||

## EBIT | 207.8 m | 289.7 m | 216 m | 226.5 m | 233.9 m | 271.5 m | |||

## EBIT margin, % | 43% | 50% | 42% | 44% | 42% | 42% | |||

## Interest expense | 39.8 m | 39.8 m | 43.7 m | 48.7 m | 50.2 m | 51.2 m | |||

## Interest income | (334 k) | (310 k) | (361 k) | (404 k) | (302 k) | (292 k) | |||

## Pre tax profit | 177.2 m | 251.8 m | 207.9 m | 188.5 m | 195.3 m | 223.6 m | |||

## Income tax expense | (205 k) | 867 k | 871 k | 685 k | 738 k | 844 k | |||

## Net Income | 388.8 m | 587.4 m | 183.6 m | 361 m | 612 m | 207.1 m | 394.9 m | 589.5 m | 222.7 m |

USD | Y, 2009^{} | Y, 2010^{} | Y, 2011^{} | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | Y, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|---|

## Cash | 4.2 m | 7.5 m | 209.6 m | 328.3 m | 25.2 m | 17.1 m | 28.7 m | 14.7 m |

## Accounts Receivable | 116.3 m | 84.5 m | 83.9 m | 105.7 m | ||||

## Inventories | 187.2 m | 157.8 m | 130.9 m | 134.4 m | ||||

## Current Assets | 396.7 m | 402.7 m | 338.9 m | 370.4 m | ||||

## Goodwill | 53.3 m | 53.3 m | 53.3 m | 53.3 m | ||||

## Total Assets | 4.8 b | 5.5 b | 6 b | 6.8 b | ||||

## Accounts Payable | 76.3 m | 97.1 m | 104.1 m | 77.2 m | ||||

## Total Debt | 2.7 b | 3.4 b | 4.1 b | |||||

## Current Liabilities | 638.3 m | 536.2 m | 713.1 m | 481.7 m | ||||

## Debt to Assets Ratio | 0.6 x | 0.6 x | 0.6 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 731 k | 14.9 m | 52.8 m | 29 m | 9 m | 210 m | 34.3 m | 291.1 m | 7.1 m |

## Inventories | 188.9 m | 202.5 m | 160.9 m | 159.9 m | 135.2 m | 132.1 m | 156.4 m | 123 m | 146.4 m |

## Current Assets | 358.5 m | 402 m | 395.7 m | 332.7 m | 358.2 m | 515.5 m | 385.6 m | 648.3 m | 302.4 m |

## Goodwill | 53.3 m | 53.3 m | 53.3 m | 53.3 m | 53.3 m | 53.3 m | 53.3 m | 53.3 m | 53.3 m |

## Total Assets | 5.1 b | 5.3 b | 5.6 b | 5.7 b | 6 b | 6.4 b | 6.4 b | 6.9 b | 6.8 b |

## Accounts Payable | 72.1 m | 84.6 m | 91 m | 95.8 m | 123.8 m | 102.9 m | 118.5 m | 101 m | 91.7 m |

## Current Liabilities | 346.6 m | 393.7 m | 418.9 m | 383.2 m | 468.6 m | 679.1 m | 713.7 m | 683.8 m | 397.6 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 582.2 m | 252.1 m | 819.1 m | 802.8 m |

## Depreciation and Amortization | 166.8 m | 178.1 m | ||

## Inventories | 37 k | |||

## Accounts Payable | 20.2 k | |||

## Cash From Operating Activities | (303 m) | (8.2 m) | 11.7 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 388.8 m | 587.4 m | 183.6 m | 361 m | 612 m | 207.1 m | 394.9 m | 589.5 m | 222.7 m |

## Depreciation and Amortization | 122.5 m | 41.7 m | 82.1 m | 124.2 m | 43.8 m | 87.1 m | 134.1 m | 47.3 m | |

## Inventories | (1.7 m) | (15.3 m) | (3.2 m) | (2.2 m) | 22.6 m | (1.2 m) | (25.6 m) | 7.9 m | (12.1 m) |

## Accounts Payable | 486 k | 6.5 m | (4.4 m) | 8.4 m | 12.2 m | 1.1 m | 9.1 m | 5.9 m | 7.3 m |

## Cash From Operating Activities | 477.4 m | 713.3 m | 191.1 m | 414.8 m | 724.1 m | 209.6 m | 407.1 m | 639 m | 265.3 m |

## Purchases of PP&E | (149.1 m) | (237.2 m) | (128.5 m) | (268.8 m) | (439.7 m) | (139.6 m) | (321.1 m) | (514.2 m) | (142.6 m) |

## Cash From Investing Activities | (437.3 m) | (608.8 m) | (134.6 m) | (363.8 m) | (606.8 m) | (199 m) | (413.4 m) | (682.1 m) | (181.1 m) |

## Cash From Financing Activities | (64.5 m) | (114.9 m) | (20.8 m) | (39 m) | (125.4 m) | 170.7 m | 11.8 m | 305.5 m | (91.9 m) |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 367.5 k |

August 02, 2016

HOUSTON, Aug 2 (Reuters) - Shipments on Magellan Midstream
Partners' 300,000 barrel per day (bpd) BridgeTex crude
pipeline from West Texas, to Houston, Texas fell to around
210,000 bpd in the second quarter, as shippers opted to move
their minimum requirements, executives said on Tuesday.

August 02, 2016

HOUSTON, Aug 2 (Reuters) - Magellan Midstream Partners
will begin the commissioning process for its new 50,000
barrel per day Corpus Christi condensate splitter in September,
the company said on Tuesday in a quarterly earnings release.