Magellan Midstream to Focus on Completing Three Key Projects in 2016, Increases Capex, an Industrial Info News Alert
SUGAR LAND, TX--(Marketwired - Nov 4, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Executives with Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) say they are focused on completing two key pipelines and a condensate splitter in 2016, as they continue to evaluate more than $500 million in potential growth projects. The company, which transports, stores and distributes crude oil and refined products, reported net income rose 26% in third-quarter 2015 from the same period last year. Industrial Info is tracking 57 active Magellan projects worth $1.48 billion.
Within this article: Details on Magellan's quarter and projects, including three major projects that are expected to be completed next year.
Additional companies: Plains All American Pipeline LP (NYSE:PAA), Anadarko Petroleum Corporation (NYSE:APC)
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(November 4, 2015 - 6:30 AM EST)
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