Stratrix
On the Record · Magellan Midstream Partners

Magellan Midstream Partners acquisitions, on the record

The businesses Magellan Midstream Partners bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
three marine terminal facilities
Word for word“During 2020, we divested three marine terminal facilities outside our strategic footprint to maximize value and our strong financial position.” 10-K for 2020
divestitureDuring 2020—
marine terminals
Word for word“an increase in refined products expenses of $4.9 million primarily due to higher asset integrity spending related to the timing of maintenance work and higher compensation costs, partially offset by more favorable product overages and the absence of costs in the current period associated with the divested marine terminals; and” 10-K for 2021
divestiture——
independent terminals network comprised of 26 refined petroleum products terminals in the southeastern U.S.
Word for word“On June 8, 2022, we completed the sale of our independent terminals network comprised of 26 refined petroleum products terminals in the southeastern U.S. to Buckeye Partners, L.P. for $446.2 million, including final working capital adjustments.” 10-K for 2022
divestitureJune 8, 2022$446.2 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0
2017-12-31$0

Deal filings since 2016

Read from Magellan Midstream Partners’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.