Magellan Midstream Partners
| 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
[edit]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
[edit]- ^ "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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