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Magellan Midstream Expects $1 Billion of Capex in 2019

Magellan Midstream Expects $1 Billion of Capex in 2019


Industry Segment: Pipelines | Word Count: 749 Words

SUGAR LAND--November 4, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream operator Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) is busy with growth projects in both the terminals and pipelines sectors. The company recently completed a key refined products pipeline and has plans afoot for additional transport and storage capacity. Magellan expects capital expenditures (capex) of $1 billion in 2019 and $400 million in 2020.

Within this article: Details of Magellan Midstream projects

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