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COMPANY BENCHMARKING • UNITED STATES

Magellan Midstream Partners, L.P. - Company Profile

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Magellan Midstream Partners, L.P. - Overview

Brands
Magellan
Description
Magellan Midstream Partners is a private company headquartered in Oklahoma with an estimated 1,700 employees. In the US, the company has a notable market share in at least two industries: Refined Petroleum Pipeline Transportation and Organic Chemical Pipeline Transportation. Their largest market share is in the Refined Petroleum Pipeline Transportation industry, where they account for an estimated 17.9% of total industry revenue.
Company Details

Registered Name: Magellan Midstream Partners, L.P.

Company Type: Operating

Headquarters: One Williams Center, Md 28-1 Tulsa OK 74172

Website: https://magellanlp.com/

Employees: 1700

Magellan Midstream Partners, L.P. - Operating Industries and Main Competitors

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Magellan Midstream Partners, L.P. - Products and Services

  • Refined Petroleum Pipeline Transportation in the US

  • Of the 5 core revenue-generating products and services in the Refined Petroleum Pipeline Transportation in the US industry, Magellan Midstream Partners, L.P. offers:
    • Distillate fuel transportation
    • Jet fuel transportation
    • Motor gasoline transportation
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  • Organic Chemical Pipeline Transportation in the US

  • Of the 3 core revenue-generating products and services in the Organic Chemical Pipeline Transportation in the US industry, Magellan Midstream Partners, L.P. offers:
    • Ammonia transportation
    • Other transportation
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Magellan Midstream Partners, L.P. - Analyst Insights

Magellan Midstream sells independent terminals to optimize portfolios

In June 2021, Magellan Midstream Partners LP (Magellan) announced it had entered into an agreement to sell its independent terminal network, consisting of 26 refined petroleum products terminals with an estimated 6 million barrels of storage, to Buckeye Partners LP for $435.0 million. According to Magellan, this transaction will allow the company to focus on optimizing its asset portfolio.While the transaction reduces Magellan’s domestic footprint, it falls in line with the company’s long-term goals. It is expected to close after the receipt of required regulatory approvals.

Discontinued Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Magellan Midstream Partners, L.P. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Magellan Midstream Partners, L.P.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Refined Petroleum Pipeline Transportation in the US, and Organic Chemical Pipeline Transportation in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Magellan Midstream Partners, L.P. - Financial Statements & Ratios

pie_chartMagellan Midstream Partners, L.P. Income Statement

BALANCE DATE12/31/202212/31/202112/31/202012/31/201912/31/201812/31/2017
Revenue3,200.42,733.12,322.02,600.92,826.62,507.7
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartMagellan Midstream Partners, L.P. Balance Sheet

BALANCE DATE12/31/202212/31/202112/31/202012/31/201912/31/201812/31/2017
Cash and Equivalents2.02.013.058.0218.3160.8
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartMagellan Midstream Partners, L.P. Cash Flow

BALANCE DATE12/31/202212/31/202112/31/202012/31/201912/31/201812/31/2017
Net Income1,036.4982.0817.01,020.81,333.9869.5
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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