Magellan Midstream Partners, L.P. Buyback
OLI recorded this information on 1/21/2020
Company:
Magellan Midstream Partners, L.P.
Buyback:
MMP buyback
$Amount Authorized:
$750,000,000
Buyback Details:
Magellan Midstream Partners, L.P. also announced that its board of directors has authorized the repurchase of up to $750 million of common units through 2022. Magellan intends to purchase its common units from time-to-time through a variety of methods, including open market purchases and negotiated transactions, all in compliance with the rules of the Securities and Exchange Commission and other applicable legal requirements.
Magellan Midstream Partners is engaged in the transportation, storage and distribution of refined petroleum products and crude oil. Co.'s refined products segment consists of: refined products pipeline system, which provides pipeline capacity and tank storage services, as well as provides services such as terminalling, ethanol and biodiesel unloading and loading, additive injection, custom blending, laboratory testing and data services to shippers; independent terminals, which provides ancillary services; and marine terminals, which provides storage and related services. Co.'s crude oil segment includes crude oil pipelines, a condensate splitter and storage facilities.
Open the MMP Page at The Online Investor »
|
||||||||||||
Open the MMP Page at The Online Investor (in a new window) »
 Free MMP Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
  
|
Hold (2.20 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: MMP Stock Forecast Based on Zacks ABR data; powered by Xignite |
