Magellan Midstream Partners Increases Cash Distribution for Twenty-Sixth Consecutive Quarter

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 64.375 cents per unit for the period July 1 through Sept. 30, 2007, representing its twenty-sixth consecutive quarterly distribution increase.

The third-quarter distribution is 9% higher than the third-quarter 2006 distribution of 59 cents per unit and represents a 2% increase over the second-quarter 2007 distribution of 63 cents.

The new distribution, which equates to $2.575 per unit on an annualized basis, will be paid Nov. 14, 2007 to unitholders of record at the close of business on Nov. 1.

The partnership plans to announce third-quarter earnings before the market opens on Tues., Nov. 6. An analyst conference call is scheduled at 1:30 p.m. Eastern the same day, during which management plans to discuss third-quarter results and expectations for the remainder of 2007. To participate, dial (800) 289-0741 and provide code 1431090. 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. (NYSE: MMP) 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.



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 

Contact Information:

Paula Farrell Investor Relations 918-574-7650 paula.farrell@magellanlp.com