TULSA, Okla. – Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce its financial results for third-quarter 2004 before the market opens on Thursday, Oct. 28. Partnership management will discuss earnings at 1:30 p.m. Eastern the same day during a conference call with analysts.

To participate in the conference call, dial (800) 967-7135 and provide code 835914. Investors also may listen to the call via the partnership's web site at http://www.magellanlp.com/webcasts.aspx.

Audio replays of the conference call will be available from 4:30 p.m. Eastern on Oct. 28 through midnight on Nov. 4. To access the replay, dial (888) 203-1112 and provide code 835914. The replay also will be available at http://www.magellanlp.com.

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 the partnership 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.