Magellan Midstream Partners Announces Record Q4, Annual Results

Magellan Midstream Partners, L.P. today reported record quarterly and annual results for operating profit, net income and net income per limited partner unit.
Fourth-quarter 2006 operating profit was $73.4 million compared to $51.2 million for fourth quarter 2005, representing a 43% increase. For the year ended Dec. 31, 2006, operating profit grew 20% to $252.1 million from $210.3 million in the comparable 2005 period.
Net income was $59.5 million during fourth quarter 2006 versus $37.6 million in fourth quarter 2005, representing a 58% increase. For the year ended Dec. 31, 2006, net income grew 23% to $195.7 million from $159.5 million in the corresponding 2005 timeframe.



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