Magellan Midstream Holdings News

Magellan Midstream Partners sees a sound fundamental outlook for business at the glutted crude oil storage hub in Cushing, Oklahoma, even as pipeline carriers prepare to draw a significant portion of its supply to Gulf refineries, the company told investors and analysts Wednesday during its first-quarter earnings conference call.

A number of other firms have also recently commented on MMP. Analysts at Zacks reiterated a "neutral" rating on shares of Magellan Midstream in a research note to investors on Wednesday, April 4th.

Magellan Midstream Partners does not see any significant changes in the outlook for fundamentals at the crude oil storage hub in Cushing, Oklahoma, the company told investors and analysts Wednesday during its first-quarter earnings conference call.

TULSA, Okla. &#8212 Magellan Midstream Partners LP said Wednesday that first-quarter profit rose 4 percent, as its growing network of petroleum pipelines and storage facilities offset lower demand for gasoline.

Your bookmark will appear on your Profile page. Please give it a title, and short description so that visitors to your page will understand where the bookmark leads.