Magellan Midstream Partners, L.P. (MMP) Stock Analysis

What Magellan Midstream Partners, L.P. does

Magellan Midstream Partners, L.P. (MMP) is an energy infrastructure firm primarily engaged in the logistics of refined petroleum products and crude oil throughout the United States. The company's operations are divided into two principal business units: Refined Products and Crude Oil. Its Refined Products segment oversees an extensive pipeline system for transporting a variety of fuels, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. This network serves a broad spectrum of clients, from wholesalers, retailers, and traders to major transportation providers like railroads and airlines, as well as local farm cooperatives. These products ultimately reach diverse end-markets such as retail gasoline stations, truck stops, agricultural cooperatives, railway fueling depots, military bases, and commercial airports. In addition to transport, this segment offers critical services like pipeline capacity, tank storage, terminalling, specialized handling for ethanol and biodiesel (unloading and loading), additive injection, custom blending, laboratory analysis, and data services. Separately, the Crude Oil segment owns and manages a network of crude oil pipelines and storage facilities. This division also operates marine terminals situated along coastal areas, which provide comprehensive asset management solutions—from design and installation to construction, testing, ongoing operation, replacement, and overall administration—for refiners, marketers, and traders. As of December 31, 2021, MMP's infrastructure included a 9,800-mile refined products pipeline system featuring 54 associated terminals. Its crude oil assets comprised approximately 2,200 miles of pipelines and storage facilities with a total capacity of around 39 million barrels, in addition to two marine terminals. The company was founded in 2000 and has its corporate headquarters in Tulsa, Oklahoma.

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Frequently asked questions

What is the ticker symbol for Magellan Midstream Partners, L.P.?

Magellan Midstream Partners, L.P. trades under the ticker MMP on NYSE.

Which exchange is MMP listed on?

MMP is listed on NYSE.

What sector does Magellan Midstream Partners, L.P. operate in?

Magellan Midstream Partners, L.P. is classified in the Energy sector (Oil & Gas Midstream industry).

How can PortView help analyze MMP in a portfolio?

PortView shows MMP's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.