Marks 22 Consecutive Quarterly Increases  

TULSA, Okla. – The board of directors for the general partner of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 59 cents per unit for the period July 1 through Sept. 30, 2006, representing its twenty-second consecutive quarterly distribution increase.

The third-quarter distribution is 11.1% higher than the third-quarter 2005 distribution of 53.125 cents per unit and represents a 2.2% increase over the second-quarter 2006 distribution of 57.75 cents.

The new distribution, which equates to $2.36 per unit on an annualized basis, will be paid Nov. 14, 2006 to unitholders of record at the close of business on Nov. 7, 2006.

The partnership plans to announce third-quarter earnings before the market opens on Wed., Nov. 1. An analyst conference call is scheduled at 1:30 p.m. Eastern the same day. To participate, dial (800) 406-5356 and provide code 7901645. Investors also may listen to the call via the partnership's web site at http://www.magellanlp.com/webcasts.aspx.

About Magellan Midstream Partners, L.P.  

Magellan Midstream Partners, L.P. is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products. More information is available at http://www.magellanlp.com.

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Portions of this document may constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange Commission.