Magellan Midstream's net worth, often referred to as total equity, was approximately US$1.90 billion as of 2022.
Understanding Magellan Midstream's Financial Standing
A company's net worth, in financial terms, is primarily represented by its total equity. This figure indicates the residual value of the company's assets after all liabilities have been accounted for, essentially reflecting the shareholders' stake in the company. For Magellan Midstream, this provides a snapshot of its financial health and value at a specific point in time.
Key Financial Metrics (2022)
The financial overview for Magellan Midstream Partners as of 2022 highlights its significant scale within the energy infrastructure sector.
| Financial Metric | Value (2022) |
|---|---|
| Total Equity (Net Worth) | US$1.90 billion |
| Total Assets | US$8.03 billion |
Overview of Magellan Midstream
Magellan Midstream Partners is a prominent entity in the energy industry, specializing in the transportation, storage, and distribution of refined petroleum products and crude oil. As a company type, it operates as a subsidiary. In 2022, it had a workforce of 1,655 employees. The company is a subsidiary of Oneok, a leading energy infrastructure company.
