Key Developments: Magellan Midstream Partners LP (MMP)

MMP on New York Consolidated

78.03USD
1 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Magellan Midstream Partners LP and Plains All American Pipeline LP to build Saddlehorn Pipeline Co
Friday, 27 Feb 2015 08:30am EST 

Magellan Midstream Partners LP and Plains All American Pipeline LP:Says that they have formed Saddlehorn Pipeline Co, a 50/50 limited liability company.Says company is to construct, own and operate Saddlehorn pipeline, an about 550 mile pipeline that will transport various grades of crude oil from DJ Basin, and potentially broader Rocky Mountain area resource plays, to storage facilities in Cushing, OK owned by Magellan and Plains.  Full Article

Magellan Midstream prices $500 mln debt offering
Wednesday, 25 Feb 2015 03:37pm EST 

Magellan Midstream Partners LP:Announced that it has priced $500 mln of senior notes, consisting of $250 mln of its 3.20 pct senior notes due 2025, priced at 99.871 pct of par to yield 3.215% to maturity, and $250 mln of its 4.20% senior notes due 2045, priced at 99.965% of par to yield 4.202% to maturity.Intends to use the net proceeds from this offering of approximately $495.3 mln, after deducting underwriting discounts and estimated offering expenses, for general partnership purposes and to repay borrowings outstanding under its revolving credit facility.  Full Article

Magellan Midstream Partners LP gives FY, Q1 2015 EPS outlook below analysts' estimates
Thursday, 5 Feb 2015 08:30am EST 

Magellan Midstream Partners LP:Expects FY 2015 net income per limited partner unit to be $2.95.Q1 2015 guidance of $0.80.FY 2015 EPS of $3.58 - Thomson Reuters I/B/E/S.Q1 2015 EPS of $0.95 - Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners LP increases quarterly cash distribution to $0.695
Tuesday, 27 Jan 2015 04:30pm EST 

Magellan Midstream Partners LP:Increased partnership's quarterly cash distribution to $0.695 per unit for the period Oct. 1 through Dec. 31, 2014.Fourth-quarter 2014 distribution is 19 pct higher than fourth-quarter 2013 distribution of $0.585 per unit and represents a 4 pct increase over third-quarter 2014 distribution of $0.6675.For year, Magellan declared distributions of $2.615 per unit for 2014, or 20 pct higher than distributions of $2.1825 per unit for 2013.New distribution, which equates to $2.78 per unit on an annualized basis, will be paid Feb. 13 to unitholders of record at close of business on Feb. 6.  Full Article

Magellan Midstream Partners LP to acquire 40-Mile Houston Crude Oil Distribution System from BridgeTex Pipeline
Thursday, 6 Nov 2014 06:35am EST 

Magellan Midstream Partners LP:To acquire a 40-mile crude oil pipeline system in the Houston Gulf Coast area from BridgeTex Pipeline company, LLC, a company owned jointly by Magellan and Occidental Petroleum Corp.  Full Article

Magellan Midstream Partners LP gives FY, Q4 2014 EPS outlook above analysts' estimates
Friday, 31 Oct 2014 08:31am EDT 

Magellan Midstream Partners LP:Says net income per limited partner unit is estimated to be $3.50 for FY 2014, which results in Q4 2014 guidance of $0.92.FY 2014 EPS of $3.31 - Thomson Reuters I/B/E/S.Q4 2014 EPS of $0.91 - Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners LP increases quarterly cash distribution to 66.75 cents
Wednesday, 22 Oct 2014 09:13am EDT 

Magellan Midstream Partners LP:increases quarterly cash distribution to 66.75 cents per unit for the period July 1 through Sept. 30, 2014.Represents a 4 pct increase over the second-quarter 2014 distribution of 64 cents.Distribution will be paid Nov. 14 to unitholders of record at the close of business on Nov. 7.  Full Article

Magellan Midstream Partners LP gives Q3 2014 EPS outlook below analysts' estimates
Wednesday, 6 Aug 2014 08:30am EDT 

Magellan Midstream Partners LP:Expects Q3 2014 EPS guidance of $0.62.Guidance excludes future MTM adjustments on the partnership's commodity-related activities.Q3 2014 EPS of $0.66 - Thomson Reuters I/B/E/S.  Full Article

Magellan Midstream Partners LP increases quarterly cash distribution to 64 cents
Wednesday, 23 Jul 2014 08:00pm EDT 

Magellan Midstream Partners LP:Increases the partnership’s quarterly cash distribution to 64 cents per unit for the period April 1 through June 30.Says the new distribution, which equates to $2.56 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 4.  Full Article

Magellan Midstream Partners LP raises FY 2014 EPS outlook; gives Q2 2014 EPS outlook above analysts' estimates
Tuesday, 6 May 2014 08:30am EDT 

Magellan Midstream Partners LP:Expects FY 2014 net income per limited partner unit to be $3.25.Expects Q2 2014 net income per limited partner unit to be $0.72.FY 2014 EPS of $2.89 - Thomson Reuters I/B/E/S.Q2 2014 EPS of $0.70 -Thomson Reuters I/B/E/S.  Full Article

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