Magellan Midstream Reports Fourth-Quarter 2022 Financial Results

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Last update: Feb 2, 2023

Guides to 2023 Annual Net Income of $975 Million and Distributable Cash Flow of $1.18 Billion

TULSA, Okla., Feb. 2, 2023 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $187 million for fourth quarter 2022, compared to $244 million for fourth quarter 2021. The 2022 results were negatively impacted by a $58 million non-cash charge for the impairment of our investment in the Double Eagle pipeline joint venture.