Magellan Midstream Holdings Earnings Rise

Magellan Midstream Holdings, L.P. today reported fourth-quarter 2006 operating profit of $69.3 million compared to $47.5 million for fourth quarter 2005. For the year ended Dec. 31, 2006, operating profit grew to $236 million from $195.8 million in the comparable 2005 period.
Net income was $12.9 million during fourth quarter 2006 versus $0.8 million in fourth quarter 2005. For the year ended Dec. 31, 2006, net income grew to $37.5 million from $11.5 million in the corresponding 2005 timeframe.



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