MMP Expects an 11% Rise in Marine Storage Segment’s 2018 Earnings
Magellan Midstream Partners (MMP) expects its Marine Storage segment’s operating income to rise 11% to $132 million in 2018. The segment has five storage facilities with storage capacity of 26 million barrels and 1.4 million bpd (barrels per day) of dock capacity. The segment’s storage utilization rates have historically been higher than 90%.