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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] [3] It owns ammonia and petroleum pipelines in the Mid-Continent oil province . [2]
Oneok, Inc. Oneok, Inc. ( / ˈwʌnˌoʊk / WUN-oke [2]) is an American diversified corporation focused primarily on the natural gas industry, and headquartered in Tulsa, Oklahoma. The company is part of the Fortune 500 and S&P 500. [3] Oneok was founded in 1906 as Oklahoma Natural Gas Company, but it changed its corporate name to Oneok in ...
Magellan Midstream Partners (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Enbridge and Magellan are two important names in the midstream space, but they differ materially on this key issue.
On Monday, Plains All American Pipeline announced it planned to sell 800 miles of pipeline to Magellan Midstream Partners for $190 million. Many energy investors have both of these companies on ...
Magellan Midstream Partners is thinking about expanding its newly reversed Longhorn pipeline, as demand for pipeline shipments from Texas' Permian Basin continues to grow. According to CEO Mike ...
In May 2023, Cushing was selected as the site for a $5.56 billion crude oil refinery for processing 250,000 barrels per day of light and sweet crudes into low-carbon transportation fuels. [31] The next-generation refinery, built with a goal of zero-carbon footprint operation, should be operational in 2027.
With an oil and gas midstream company such as Magellan Midstream Partners (NYS: MMP) , you expect relatively consistent earnings. So why did Magellan's third-quarter revenue drop by more than 50% ...
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