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Article: Magellan Midstream Partners Announces Second-Quarter Results Above Guidance.
- Article from:
- PR Newswire
- Article date:
- August 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Increased financial results from core fee-based transportation and terminals activities - 2008 results favorably impacted by unusually high product margins and $12.1 million expense reduction related to historical environmental matter - DCF forecast for the year increased excluding impact of Longhorn pipeline acquisition
TULSA, Okla., Aug. 3 /PRNewswire-FirstCall/ -- Magellan Midstream Partners, L.P. today reported financial results for second quarter 2009. Second-quarter 2009 operating profit was $67.9 million compared to $106.1 million for second quarter 2008. The 2008 period benefited from unusually high product margins (defined as product sales revenues ...