Magellan Midstream Partners Q2 Profit Increases

Magellan Midstream Partners LP, has reported second-quarter 2008 operating profit of $106.1 million, represented a 34 percent increase, compared to $79.2 million for second quarter 2007.

Net income grew to $94.4 million during second quarter 2008, which is a 54 percent increase over the $61.5 million reported for second quarter 2007.

Pipeline operating margin was $111.8 million, an increase of $18.9 million and a quarterly record for this segment. Terminals operating margin was $26.2 million, an increase of $5.7 million.



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