Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation's refining capacity, and can store more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. Magellan owns the longest refined petroleum products pipeline system in the country. They can tap into nearly 50% of the nation's refining capacity and store more than 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. With Magellan, you are investing in the strength and stability of an investment-grade company. Their investors benefit from their primarily fee-based business, low-risk growth projects and attractive quarterly cash distributions. Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage. The company operates refined products pipeline that transports gasoline, distillates, aviation fuels, and liquefied petroleum gases for independent and integrated oil companies, wholesalers, retailers, traders, railroads, airlines, and regional farm cooperatives; leases pipeline and storage tank capacity to shippers; and provides services, including terminalling, ethanol and biodiesel loading and unloading, additive injection, custom blending, laboratory testing, and data services. It also owns and operates crude oil pipelines and storage facilities; and marine terminals located along coastal waterways that provide distribution, storage, blending, inventory management, and additive injection services for refiners and other end-users of petroleum products. As of December 31, 2014, the company had 9,500-mile refined products pipeline system with 53 terminals, as well as 27 independent terminals; 1,100-mile ammonia pipeline system; approximately 1,600 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 21 million barrels; and 5 marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. The company was founded in 2000 and is headquartered in Tulsa, Oklahoma.The staff at Magellan Midstream Partners come from unusually diverse demographic backgrounds. The company is 16.7% female and 36.2% ethnic minorities. Despite its diversity in other areas, Magellan Midstream Partners employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 80.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Magellan Midstream Partners has great employee retention with staff members usually staying with the company for 6.2 years.The average employee at Magellan Midstream Partners makes $58,573 per year. In comparison, some of its highest paying competitors, like Devon Energy, The Williams Companies, and DCP Midstream, pay $86,960, $72,686, and $67,669, respectively.A large energy company with 1,300 employees and an annual revenue of $3.2B, Magellan Midstream Partners is headquartered in Tulsa, OK.
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5.0/5
Magellan Midstream Partners employee reviews
Based on 3 ratings
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Employee reviews
5.0
A zippia user wrote a review on Jan 2020
Pros of working at Magellan Midstream Partners
Magellan Atmosphere of the company is great and has a pension plan.
Cons of working at Magellan Midstream Partners
there is room for advancement but would have to move to Tulsa
Magellan Midstream Partners benefits
The pension plan, 3 week vacation starting and work truck in our group
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5.0
A zippia user wrote a review on Dec 2019
Pros of working at Magellan Midstream Partners
The people, environment and seeing my work have an impact and be valued.
Cons of working at Magellan Midstream Partners
There isn't anything about Magellan that I don't like.
Magellan Midstream Partners benefits
Having both a 401K 6% match and a pension plan.
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5.0
A zippia user wrote a review on Sep 2018
Pros of working at Magellan Midstream Partners
People, development opportunities, location, training, work life balance, benefits, leadership, stability
Cons of working at Magellan Midstream Partners
Growing pains and problems finding talent to hire in new positions.
Magellan Midstream Partners benefits
Community engagements and cross training
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The team at Magellan Midstream Partners
The key people at Magellan Midstream Partners is Michael N. Mears.
Key people
Michael N. Mears
Magellan Midstream Partners rankings
Magellan Midstream Partners is ranked #36 on the Best companies to work for in Oklahoma list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.
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Magellan Midstream Partners diversity
9.3
Diversity score
We calculated Magellan Midstream Partners’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Magellan Midstream Partners’s workforce.
Magellan Midstream Partners diversity summary. Zippia estimates Magellan Midstream Partners's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Magellan Midstream Partners's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Magellan Midstream Partners's workforce.
Magellan Midstream Partners has 1,300 employees.
17% of Magellan Midstream Partners employees are women, while 83% are men.
The most common ethnicity at Magellan Midstream Partners is White (64%).
15% of Magellan Midstream Partners employees are Hispanic or Latino.
10% of Magellan Midstream Partners employees are Black or African American.
The average employee at Magellan Midstream Partners makes $58,573 per year.
Magellan Midstream Partners employees are most likely to be members of the republican party.
Employees at Magellan Midstream Partners stay with the company for 6.2 years on average.
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Magellan Midstream Partners financial performance
9.3
Performance score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.
Magellan Midstream Partners currently has 3.2B in revenue. Magellan Midstream Partners's most recent quarter produced 877.2m (q2'2023).
Compare Magellan Midstream Partners salaries to competitors, including Devon Energy, The Williams Companies, and DCP Midstream. Employees at Devon Energy earn the highest average yearly salary of $86,960. The salaries at The Williams Companies average $72,686 per year, and the salaries at DCP Midstream come in at $67,669 per year.
Rank
Company
Average salary
Jobs
1
$86,960
0
2
$72,686
0
3
$67,669
0
4
$66,560
0
5
$66,398
0
6
$62,142
0
7
$61,892
0
8
$58,690
0
9
$55,318
0
10
$54,772
0
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Zippia gives an in-depth look into the details of Magellan Midstream Partners, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Magellan Midstream Partners. The employee data is based on information from people who have self-reported their past or current employments at Magellan Midstream Partners. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Magellan Midstream Partners. The data presented on this page does not represent the view of Magellan Midstream Partners and its employees or that of Zippia.
Magellan Midstream Partners may also be known as or be related to Magellan Midstream Partners, Magellan Midstream Partners L P, Magellan Midstream Partners LP, Magellan Midstream Partners, L.P. and Magellan Midstream Partners, LP.
