TULSA,
Okla., Jan. 24, 2023 /PRNewswire/ -- The board of
directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has
declared a quarterly cash distribution of $1.0475 per unit for the period Oct. 1 through Dec. 31, 2022.
The distribution, which equates to $4.19 per unit on an annualized basis, will be
paid Feb. 14 to unitholders of record
at the close of business on Feb.
7.
For the year, Magellan declared distributions of $4.17 per unit for 2022 compared to $4.13 for 2021, representing 21 years of
uninterrupted annual distribution growth since our initial public
offering in 2001.
Magellan's distributions to foreign investors are subject to
federal income tax withholding at the highest applicable U.S. tax
rate plus an additional 10%. Our qualified notice to nominees is
available at
www.magellanlp.com/investors/cashdistributionsandqualifiednotice.aspx.
About Magellan Midstream Partners, L.P.
Magellan
Midstream Partners, L.P. (NYSE: MMP) is a publicly traded
partnership that primarily transports, stores and distributes
refined petroleum products and crude oil. Magellan 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 100 million barrels of petroleum products such as
gasoline, diesel fuel and crude oil. More information is available
at www.magellanlp.com.
Except for statements of historical fact, this news release
constitutes forward-looking statements as defined by federal law.
Although management of Magellan Midstream Partners, L.P. believes
such statements are based on reasonable assumptions, such
statements necessarily involve known and unknown risks and
uncertainties that may cause actual outcomes to be materially
different. Factors that could lead to material changes in
performance are described in Magellan's filings with the Securities
and Exchange Commission, including our Annual Report on Form 10-K
for the fiscal year ended Dec. 31,
2021 and subsequent reports on Forms 8-K and 10-Q. You are
urged to carefully review and consider the cautionary statements
and other disclosures made in those filings, especially under the
headings "Risk Factors" and "Forward-Looking Statements."
Forward-looking statements made by Magellan in this release are
based only on information currently known, and we undertake no
obligation to revise our forward-looking statements to reflect
future events or circumstances.
Contact:
|
Paula
Farrell
|
|
(918)
574-7650
|
|
paula.farrell@magellanlp.com
|
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SOURCE Magellan Midstream Partners, L.P.