Back to top

Analyst Blog

Publicly traded energy pipeline partnership, Magellan Midstream Partners LP (MMP - Analyst Report), restarted the open season for its Arkansas pipeline project. The open season is now valid till Jan 16, 2014.

This open season, to find out shippers’ interest in the pipeline, was originally started on Sep 16, 2013 and continued till Oct 16, 2013. It initially received an extension till Nov 4, 2013 which got further extended till Dec 13, 2013.

The open season is for shippers willing to transport refined petroleum products from the Fort Smith, Ark.-based terminal of Magellan Midstream to the state’s Little Rock market.  

The 160-mile pipeline will have a capacity to carry roughly 75,000 barrels per day of refined petroleum products like gasoline, jet fuel and diesel fuel. The partnership expects the pipeline to come online by third-quarter 2015, depending on the open season response and necessary approvals from regulators.

Tulsa, Oklahoma-based Magellan Midstream is a master limited partnership that owns an attractive portfolio of energy infrastructure assets. The properties generate stable and recurring fee and tariff-based revenues. This includes the longest U.S. refined petroleum products pipeline system, access to more than 40% of refining capacity in the continental U.S. along with imports, and 85 petroleum terminals with more than 80 million barrels of storage. The partnership primarily transports, stores, and distributes refined petroleum products and, to a lesser extent, ammonia.

Magellan currently holds a Zacks Rank #3 (Hold), implying that it is expected to perform in line with the broader U.S. equity market over the next one to three months.

Better-ranked energy players include Harvest Natural Resources Inc. (HNR - Snapshot Report), Helmerich & Payne, Inc. (HP - Analyst Report) and Seadrill Partners LLC (SDLP - Snapshot Report). All these stocks currently sport a Zacks Rank #1 (Strong Buy) and offer value.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SUPER MICRO… SMCI 27.00 +10.25%
CANADIAN SO… CSIQ 38.34 +8.18%
CENTURY ALU… CENX 26.97 +7.97%
WILLDAN GRO… WLDN 11.38 +5.86%
AROTECH COR… ARTX 3.78 +5.59%