magellan midstream partners stock

Magellan midstream partners stock

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Magellan midstream partners stock

Magellan , creating Enterprise Products Partners' 7. These companies have excellent track records of paying dividends. Securities and See More Share. See More. Compare Symbols. Your browser of choice has not been tested for use with Barchart. If you have issues, please download one of the browsers listed here. Screen on your Watchlists and Portfolios with Barchart Plus. Log In Menu. Stocks Futures Watchlist More.

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Energy infrastructure provider Magellan Midstream Partners, L. The merger — announced in mid-May — initially faced opposition from some Magellan unitholders. Their concerns were centered around potential tax implications and questions regarding the strategic benefits of the merger. However, MMP management successfully navigated these issues after garnering support from unitholders by highlighting the substantial premium that the deal would offer and the potential for a more diversified and stable business as a result of the merger. Magellan's management expressed satisfaction with the strong support from both sets of stakeholders, underscoring their belief in the combined company's potential for enhanced growth prospects and greater value generation compared to Magellan operating as a standalone entity. Tulsa, OK-based Magellan Midstream is a master limited partnership that owns and operates a diversified portfolio of energy infrastructure assets. It carries a Zacks Rank 2 Buy at present. With MMP units expected to cease trading shortly, investors interested in the energy sector might consider the operators mentioned below. These companies sport a Zacks Rank 1 Strong Buy currently.

Magellan midstream partners stock

Magellan , creating a more diversified North American midstream infrastructure company focused on delivering essential energy products and services to its customers, and continued strong returns to investors. The transaction was approved by ONEOK shareholders and Magellan unitholders at their respective special meetings held on September 21, We are committed to ensuring a smooth transition aimed at delivering on the many benefits of this combination for our customers, employees and shareholders. Magellan Midstream Partners, L. NYSE: MMP is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. More information is available at www. This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of , as amended and Section 21E of the Securities Exchange Act of , as amended. All statements, other than statements of historical fact, included in this communication that address activities, events or developments that ONEOK expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "potential," "create," "intend," "could," "would," "may," "plan," "will," "guidance," "look," "goal," "future," "build," "focus," "continue," "strive," "allow" or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements.

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2 thoughts on “Magellan midstream partners stock

  1. It is interesting. You will not prompt to me, where I can find more information on this question?

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