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Magellan Midstream Partners LP (MMP) CEO Mike Mears on Q1 2020 Results - Earnings Call Transcript

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Magellan Midstream Partners LP (NYSE:MMP) Q1 2020 Results Conference Call May 1, 2020 1:30 PM ET

Company Participants

Mike Mears - Chairman, President and Chief Executive Officer

Jeff Holman - Senior Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

Theresa Chen - Barclays

Tristan Richardson - SunTrust

Keith Stanley - Wolfe Research

Gabe Moreen - Mizuho Securities

Shneur Gershuni - UBS

Jeremy Tonet - JP Morgan

Michael Lapides - Goldman Sachs

Derek Walker - Bank of America

Spiro Dounis - Credit Suisse


Greetings and welcome to the Magellan Midstream Partners’ First Quarter 2020 Earnings Conference Call. During the presentation, all participants will be in listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions].

I would now like to turn the conference over to Mike Mears, President and Chief Executive Officer. Please go ahead, sir.

Mike Mears

Thank you. Hello and thank you for joining us today to discuss Magellan's First Quarter financial results as well as our latest outlook for 2020, including an update on the refined product demand trends on our pipeline systems. Before we get started, I must remind you that, management will be making forward-looking statements as defined by the SEC. Such statements are based on our current judgments regarding the factors that could impact the future performance of Magellan, but actual outcomes could be materially different.

You should review the risk factors and other information discussed in our filings with the SEC and form your own opinions about Magellan's future performance. I'd like to before by recognizing the tremendous response from our employees to the challenges they have faced over the past two months. Their dedication to operating safely to ensure the continuity of fuel supply to the communities we serve is admirable.

During this period of significant disruption to normal

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