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Stock Market & Financial Investment News

News Breaks
February 4, 2013
09:11 EDTMMPMagellan Midstream to construct new pipline at Galena Park, Texas
Magellan Midstream announced that it plans to construct new pipeline and terminal infrastructure at the partnership's Galena Park, Texas terminal to originate crude oil to Magellan's Gulf Coast crude oil distribution system for delivery to refineries in the Houston and Texas City area. This project, estimated to cost approximately $50M, is supported by long-term committed volumes and is expected to be fully operational by mid-2014 subject to necessary permitting.
News For MMP From The Last 14 Days
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July 23, 2015
09:27 EDTMMPMagellan Midstream increases quarterly cash distribution 3% to 74c
Magellan Midstream has increased the partnership's quarterly cash distribution to 74c per unit, a 3% increase over Q1 distribution of 71.75c. The new distribution, which equates to $2.96 per unit on an annualized basis, will be paid Aug. 14 to unitholders of record at the close of business on Aug. 7.

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