Magellan Midstream Partners

Magellan makes progress

Magellan Midstream Partners has reported first-quarter operating profit of $142.5m, up from $122.8m a year ago.

Send in the tanks

EXPANSION The annual HCB roundup of global terminal expansion and construction projects sees refinery closures continuing to cause a structural shift in terminal demand, while nervousness over the future rate of economic recovery is keeping a lid on optimism

Terminal by the sea

Snap, crackle and stop

LIGHTNING PROTECTION As the planet’s climate changes, research suggests that lightning strikes will become more and more frequent. Given the number of incidents caused by lightning strikes, perhaps it is time for storage terminal operators to ensure their tanks are down to earth

Lightning in night sky

Climate for growth

EXPANSIONS This year’s annual round-up of expansion work at the world’s bulk liquids storage terminals is similar in extent to last year’s and many of the key drivers for growth remain unchanged

Verwater Termina atl ETT3 pictured in 2011

Magellan moves forward

Magellan Midstream partners has posted operating profit of $122.8m for the first quarter 2012, up from $116.7m in the same period last year.

Magellan strikes record

Magellan Midstream Partners has reported record quarterly operating profits for fourth quarter 2011 of $139.8m, up 21 per cent on the same period a year earlier.

Magellan enjoys a firm start

Magellan Midstream Partners has reported net income of $90.1m for the first quarter 2011, up 40 per cent on last year’s figure.

All gain, little pain

EXPANSION With the global recession still weighing heavy on industry, it is remarkable that terminal operators around the world have not only remained upbeat through the downturn but are continuing to invest heavily.

Odfjell Storage Terminal

Records tumble at Magellan

Magellan Midstream Partners reported quarterly operating profit of $115.1m for the fourth quarter 2010, 11 per cent ahead of the $103.7m posted in the same period a year earlier.

Magellan makes records too

In line with other North American mistream oil companies, Magellan Midstream Partners has reported record financial results in the second quarter.

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