MMP’s Crude Oil Segment Generates One-Third of Its Earnings
Nearly one-third of Magellan Midstream Partners’ (MMP) 2017 operating income was generated by its Crude Oil segment. The segment’s assets include 2,200 miles of crude oil pipelines and 28 million barrels of crude oil storage capacity. Magellan Midstream expects the segment’s 2018 operating income to rise 10% over 2017.