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Magellan Midstream Partners Raises Guidance and Plans Even More Construction

DATE POSTED:November 2, 2018

Thanks to so many oil and gas customers clamoring for space in an oil pipeline, Magellan Midstream Partners (NYSE: MMP) continues to generate gobs of cash. The company's results were good enough this quarter that management felt confident enough to raise guidance for the full year again. Investors shouldn't expect that guidance raise to translate to faster payout growth, though, as management has big spending plans in the coming years.

Here's a look at Magellan's most recent results and what management has in store for the next couple of years. 

Image source: Magellan Midstream Partners.

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