Magellan Midstream Partners Boosts Quarterly Distribution

Represents 25 Consecutive 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 63 cents per unit for the period Apr. 1 through June 30, 2007, representing its twenty-fifth consecutive quarterly distribution increase.

The second-quarter distribution is 9% higher than the second-quarter 2006 distribution of 57.75 cents per unit and represents a 2% increase over the first-quarter 2007 distribution of 61.625 cents.

The new distribution, which equates to $2.52 per unit on an annualized basis, will be paid Aug. 14, 2007 to unitholders of record at the close of business on Aug. 6.

The partnership plans to announce second-quarter earnings before the market opens on Tues., July 31. An analyst conference call is scheduled at 1:30 p.m. Eastern the same day, during which management plans to discuss second-quarter results and 2007 expectations. To participate, dial (800) 289-0544 and provide code 4958985. 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.



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 filings with the Securities and Exchange Commission for both partnerships. 

Contact Information:

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