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 November 4, 2015 - 6:30 AM EST
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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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

William Ploch

Source: Marketwired (Canada) (November 4, 2015 - 6:30 AM EST)

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