| Magellan Midstream Partners, L.P. | |
| Type: | Subsidiary |
| Traded As: | (2006–2023) |
| Location City: | Tulsa, Oklahoma |
| Location Country: | United States |
| Key People: | Aaron L. Milford (CEO & President) |
| Revenue: | (2022) |
| Operating Income: | (2022) |
| Net Income: | (2022) |
| Assets: | (2022) |
| Equity: | (2022) |
| Num Employees: | 1,655 (2022) |
| Parent: | Oneok |
| Footnotes: | [1] |
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.[2] It owns ammonia and petroleum pipelines in the Mid-Continent oil province.[2] 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."[3] The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.[4] [2] Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.[5]
In May 2023, midstream energy services provider Oneok agreed to acquire Magellan in a cash-and-stock transaction valued at billion, including debt.[6] The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.[7]