Magellan Midstream Partners, L.P. operates in the Crude petroleum pipelines sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Magellan Midstream Partners, L.P. with three other
companies in this sector in UNITED STATES :
Tallgrass Energy LP
(2019
sales of $868.55 million
of which 49%
was Crude Oil Transportation & Logistics),
Phillips 66 Partners Lp
($1.13 billion
of which 100%
was develop and acquire primarily fee-based ), and
Hess Midstream Operations LP
($848.30 million
of which 50%
was Gathering).
Sales Analysis.
Magellan Midstream Partners, L.P. reported sales of $2.80 billion
for the
year ending
December of 2019.
This
represents
an
increase of 2.1%
versus 2018, when the company's sales were $2.74 billion.
This was the fourth straight year of sales growth at Magellan Midstream Partners, L.P..
Sales of Crude Oil saw an increase
that was more than double the company's growth rate: sales were up
5.5% in 2019, from
$611.45 million to $644.80 million.
Magellan Midstream Partners, L.P. also saw significant increases in sales in
Marine Storage (up 3.6% to $200.05 million)
.
Not all segments of Magellan Midstream Partners, L.P. experienced an increase in sales in 2019:
sales of Refined Products fell 6.8% to $1.89 billion.