Magellan Midstream To Buy Longhorn Pipeline
Stock quotes in this article:
MMP
The revised forecast calls for a profit of $2.50 per limited partner unit for the full year, and 30 cents for the second quarter. In April, it had estimated it would earn $2.60 for the year and 63 cents for the quarter.
Magellan left intact its estimate of $330 million of cash flow to be distributed to partners. Shares of Magellan rose 9 cents to $33.48 in morning trading.- Loading Comments...
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