Magellan Midstream Partners
In today's world, Magellan Midstream Partners is an issue that has become increasingly relevant in society. Since its emergence, Magellan Midstream Partners has been the subject of debate and interest, generating conflicting opinions and arousing the curiosity of experts and laypeople alike. Whether due to its impact on daily life, its historical relevance or its influence in various areas, Magellan Midstream Partners has established itself as a topic of global interest. In this article, we will explore the different facets of Magellan Midstream Partners and discuss its importance in the current context.
| Company type | Subsidiary |
|---|---|
| NYSE: MMP (2006–2023) | |
| Headquarters | , |
Key people | Aaron L. Milford (CEO & President)[1] |
| Revenue |  US$2.32 billion (2022) |
| US$1.01 billion (2022) | |
| US$817 million (2022) | |
| Total assets |  US$8.03 billion (2022) |
| Total equity | US$1.90 billion (2022) |
Number of employees | 1,655 (2022) |
| Parent | Oneok |
| Website | magellanlp |
| Footnotes / references [2] | |
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.[3][4]
It owns ammonia and petroleum pipelines in the Mid-Continent oil province.[3] 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."[5]
History
The company went public through an initial public offering in February 2006 with a listing on the New York Stock Exchange.[6][3] Company executives, including its CEO Michael Mears, rang the NYSE closing bell on February 8, 2016.[7]
In May 2023, midstream energy services provider Oneok agreed to acquire Magellan in a cash-and-stock transaction valued at US$18.8 billion, including debt.[8][9] The transaction completed in September 2023 and Magellan became a fully owned subsidiary of Oneok.[4]
References
- ^ "Magellan Names Aaron Milford New CEO; Michael Mears To Retire". RTT News. 26 January 2022. Retrieved 11 September 2025.
- ^ "2022 Annual Report (Form 10-K)". US Securities and Exchange Commission. February 21, 2023.
- ^ a b c "Magellan Midstream Partners LP". Bloomberg Business. Retrieved February 8, 2016.
- ^ a b Dekker, Michael (September 26, 2023). "ONEOK's $18.8B buyout of Magellan becomes official". Tulsa World.
- ^ "Magellan (Magellan Pipeline)". United States Department of State. Retrieved February 8, 2016.
- ^ Wilmoth, Adam (February 11, 2006). "Magellan Holdings' IPO raises $539 million". The Oklahoman.
- ^ "Events". New York Stock Exchange. Retrieved February 8, 2016.
- ^ Narayan, Jyoti; French, David (May 15, 2023). "US pipeline operator ONEOK moves into oil, products with $18.8 billion Magellan deal". Reuters.
- ^ Korth, Robby (2023-05-16). "Oklahoma pipeline company ONEOK will acquire Magellan Midstream Partners in $18.8 billion deal". KOSU. Retrieved 2025-09-11.
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