Name | Value |
---|---|
Revenues | 869.7M |
Cost of Revenue | 375.9M |
Gross Profit | 493.8M |
Operating Expense | 188.5M |
Operating I/L | 331.5M |
Other Income/Expense | -56.7M |
Interest Income | 1.0M |
Pretax | 274.8M |
Income Tax Expense | 0.9M |
Net Income/Loss | 273.9M |
Magellan Midstream Partners, L.P. is a leading player in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates a vast network of refined products pipelines and terminals, facilitating the transportation of gasoline, diesel fuel, aviation fuel, and other products to various end markets, including retail stations, railroads, and commercial airports. Additionally, it provides pipeline capacity, tank storage services, terminalling, ethanol and biodiesel handling, and other related services to shippers. Magellan also owns and operates crude oil pipelines, storage facilities, and marine terminals, offering comprehensive asset management and services to refiners, marketers, and traders.