|
|
Article: Magellan Midstream Partners Announces Second-Quarter Results Above Guidance.(Financial report)
- Article from:
- Ecology, Environment & Conservation
- Article date:
- August 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
Magellan Midstream Partners, L.P. (NYSE:MMP) 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 less product purchases) and a $12.1 million one-time expense reduction in June 2008 related to a favorable settlement for a historical environmental matter. Excluding these two items, operating profit from the partnership's core fee-based transportation and terminals activities increased $8.7 million, or 15%, in the 2009 period.
Net income was $53.1 million for second ...
Related newspaper, magazine, and journal articles:
|
|
Article: Magellan Midstream Partners Prices Debt ...
Investment Weekly News;
July 11, 2009 ;
700+ words
...Magellan Midstream Partners, L.P. (NYSE:MMP) announced that it has ... prospectus and related prospectus supplement. About Magellan Midstream Partners, L.P. Magellan Midstream Partners, L.P. (NYSE:MMP) is a publicly traded ...
|
|