Private company

Magellan Midstream Partners, L.P.

Magellan Midstream Partners, L.P. is an American pipe lines, incorporated in Delaware.1 It is headquartered in Tulsa, Oklahoma.1

Last updated Oct 20, 2026.

Overview

  • IndustryPipe Lines (No Natural Gas)1
  • HeadquartersTulsa, Oklahoma1
  • Incorporated inDE2
  • Business addressOne Williams Center, Md 28-1, Tulsa, Ok 741722
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

38.0%Operating margin3
35.5%Net margin3
17.9%Revenue growth, 20223
$966.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs64¢$1.9B
  • Income tax0¢$2.7M
  • Profit36¢$1.0B

Out of $2.9B in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Capital spending15¢$175.3M
  • Share buybacks41¢$462.9M
  • Kept or used elsewhere44¢$503.1M

Out of $1.1B of cash from operations.3

Financial statements

Revenue45673$2.9B in 2022+32% since 2016
0$1.0B$2.0B$3.0B2016: $2.2B$2.2B20162017: $2.5B$2.5B2017+14%2018: $2.6B$2.6B2018+5%2019: $2.5B$2.5B2019−3%2020: $2.1B$2.1B2020−16%2021: $2.5B$2.5B2021+15%2022: $2.9B$2.9B2022+18%
Operating income45673$1.1B in 2022+18% since 2016
0$500.0M$1.0B$1.5B2016: $936.8M$936.8M20162017: $1.1B$1.1B2017+12%2018: $1.2B$1.2B2018+13%2019: $1.2B$1.2B2019−2%2020: $1.0B$1.0B2020−14%2021: $1.1B$1.1B2021+10%2022: $1.1B$1.1B2022+0%
Net income45673$1.0B in 2022+29% since 2016
0$500.0M$1.0B$1.5B2016: $802.8M$802.8M20162017: $869.5M$869.5M2017+8%2018: $1.3B$1.3B2018+53%2019: $1.0B$1.0B2019−23%2020: $817.0M$817.0M2020−20%2021: $982.0M$982.0M2021+20%2022: $1.0B$1.0B2022+6%
Fiscal year2016201720182019202020212022
Revenue$2.2B4$2.5B5$2.6B6$2.5B7$2.1B3$2.5B3$2.9B3
Cost of revenue$493.3M4$635.6M5$704.3M5$619.3M5
Operating expenses$1.8B3$2.2B3
Operating income$936.8M4$1.1B5$1.2B6$1.2B7$1.0B3$1.1B3$1.1B3
Income before tax$934.6M3$861.9M3
Income tax$3.2M4$3.8M5$71.0K6$1.4M7$2.9M3$2.3M3$2.7M3
Net income$802.8M4$869.5M5$1.3B6$1.0B7$817.0M3$982.0M3$1.0B3

Compare Magellan Midstream Partners, L.P. with another company

Corporate structure

Magellan Midstream Partners, L.P. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Magellan Midstream Partners, L.P.

  • ALPS ADVISORS INC Filed SC 13G/A on Magellan Midstream Partners, L.P., latest Feb 13, 2023 (2 filings since Feb 3, 2022)
  • Invesco Filed SC 13G/A on Magellan Midstream Partners, L.P., latest Feb 2, 2023 (2 filings since Feb 14, 2022)
  • Magellan Midstream Partners, L.P. Tulsa, Oklahoma

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Magellan Midstream Partners, L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.2B3 Dec 31, 2022$8.0B3 Dec 31, 2021+1.5%
Accumulated depreciation$2.3B3 Dec 31, 2022$2.1B3 Dec 31, 2021+9.0%
Property and equipment, net$5.8B3 Dec 31, 2022$5.9B3 Dec 31, 2021−1.3%
Operating-lease assets (leased space)$149.4M3 Dec 31, 2022$174.2M3 Dec 31, 2021−14.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.0M3 Dec 31, 2022$2.0M3 Dec 31, 20210%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$50.4M3 Dec 31, 2022$50.1M3 Dec 31, 2021+0.6%
Intangible assets, net (excluding goodwill)$41.0M3 Dec 31, 2022$43.2M3 Dec 31, 2021−5.1%
Accumulated amortization$14.7M3 Dec 31, 2022$11.9M3 Dec 31, 2021+23.5%

Leadership

Who has led Magellan Midstream Partners, L.P., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Don R. Wellendorf2006–2011
  2. Michael N. Mears2012–2022
  3. Aaron L. Milford2023

President

  1. Don R. Wellendorf2006–2011
  2. Michael N. Mears2012–2022
  3. Aaron L. Milford2023

Chief financial officer

  1. John D. Chandler2006–2014
  2. Michael P. Osborne2014–2015
  3. Aaron L. Milford2015–2019
  4. Jeffrey L. Holman2019–2023

Chief operating officer

  1. Michael N. Mears2009–2011
  2. Aaron L. Milford2019–2022
2010201520202025
Board members and other officers (33)

Former names

  • MAGELLAN MIDSTREAM PARTNERS LPSep 15, 2003 to Jul 2, 20192
  • WILLIAMS ENERGY PARTNERS L PDec 22, 2000 to Aug 25, 20032

Timeline

  1. Sep 25, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer54
  2. Sep 22, 20238-K Shareholder vote; Other events55
  3. Sep 14, 20238-K Other events56
  4. Sep 11, 20238-K Other events57
  5. Sep 8, 20238-K Other events58
  6. Aug 29, 20238-K Other events59
  7. Aug 16, 20238-K Other events60
  8. Aug 3, 20238-K Results of operations61
  9. Jul 26, 20238-K Other events62
  10. Jul 25, 20238-K Other events63
  11. Jul 11, 20238-K Other events64
  12. Jun 20, 20238-K Regulation FD disclosure; Other events65
  13. Jan 26, 2023New chief executive Aaron L. Milford becomes CEO14
  14. Jan 30, 2012New chief executive Michael N. Mears becomes CEO15
  15. Jan 20, 2006New chief executive Don R. Wellendorf becomes CEO16

Calendar

When it reported results

  1. Aug 3, 2023Reported quarterly or annual results61
  2. May 4, 2023Reported quarterly or annual results66
  3. Feb 2, 2023Reported quarterly or annual results67
  4. Oct 27, 2022Reported quarterly or annual results68
  5. Jul 28, 2022Reported quarterly or annual results69
  6. May 5, 2022Reported quarterly or annual results70
  7. Feb 2, 2022Reported quarterly or annual results71
  8. Nov 2, 2021Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

264 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 29 major events, 147 insider forms, 4 large holders, 76 other. The latest 20:

  1. Oct 11, 202315-12G EDGAR
  2. Oct 11, 2023S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
  3. Oct 11, 2023S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
  4. Oct 11, 2023S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
  5. Oct 11, 2023S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
  6. Oct 11, 2023S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
  7. Oct 11, 2023POSASR POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  8. Sep 27, 20234 EDGAR
  9. Sep 27, 20234 EDGAR
  10. Sep 27, 20234 EDGAR
  11. Sep 27, 20234 EDGAR
  12. Sep 27, 20234 EDGAR
  13. Sep 27, 20234 EDGAR
  14. Sep 27, 20234 EDGAR
  15. Sep 27, 20234 EDGAR
  16. Sep 27, 20234 EDGAR
  17. Sep 27, 20234 EDGAR
  18. Sep 27, 20234 EDGAR
  19. Sep 27, 20234 EDGAR
  20. Sep 27, 20234 EDGAR

The 264 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 0 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Nov 15, 2022MONTAGUE JAMES RDirectorSale2,892$53.43$154.5KForm 4
Mar 2, 2022Little Melanie AExecutive Vice PresidentSale5,077$49.30$250.3KForm 4
Mar 2, 2022Korner Lisa JSenior Vice PresidentSale11,669$49.00$571.8KForm 4
Dec 21, 2021Little Melanie AExecutive Vice PresidentSale4,776$44.25$211.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Magellan Midstream Partners, L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMagellan Midstream Partners, L.P.1
  • CIK0001126975
  • Employer ID (EIN)73-15990531
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4610 Pipe Lines (No Natural Gas)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business addressOne Williams Center, Md 28-1, Tulsa, OK 741721
  • Phone918 574 70001
  • Shares outstanding202,095,600 as of Aug 2, 202310
  • Public float$9.9B as of Jun 30, 20223
  • On EDGAR sinceOct 30, 20001
  • Filings1,755 in all: 4 (954), 8-K (279), 425 (71), 10-Q (68), 4/A (42), DEFA14A (39), 3 (32), 424B2 (25)1
    All 49 form types

    424B5 (25), SC 13G/A (23), 10-K (21), DEF 14A (21), FWP (17), UPLOAD (16), 424B3 (13), CORRESP (13), SC 13G (13), SC 13D/A (8), PX14A6G (6), S-3ASR (6), S-8 POS (6), 8-K/A (5), S-8 (5), S-1/A (4), S-3 (4), 305B2 (3), POSASR (3), S-3/A (3), 10-K405 (2), 10-Q/A (2), 3/A (2), 8-A12B (2), 8-A12B/A (2), ARS (2), EFFECT (2), S-4/A (2), SC 13D (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), CERTNYS (1), DEFM14A (1), DEFR14A (1), PRE 14A (1), S-1 (1), S-1MEF (1), S-4 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Feb 21, 2023
    Quarterly report (10-Q) Aug 3, 2023
    Proxy statement (DEF 14A) Feb 21, 2023
    Latest 8-K (8-K) Sep 25, 2023

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