NEW YORK, May 4 (Reuters) - Magellan Midstream Partners reported on Thursday higher revenues to transport crude
oil and refined products in the first quarter, and raised its
distributable cash flow guidance for the year.
Magellan's refined products transportation and terminals
revenue increased $23 million on the same period last year,
primarily due to higher average transportation rates. Revenue
for crude oil increased $10 million because of higher volumes on
the company's Houston distribution system.
(Reporting by Stephanie Kelly
Editing by Mark Potter)
Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
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