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Magellan Midstream Partners LP (MMP) Michael N. Mears on Q3 2015 Results - Earnings Call Transcript

Operator

Good day, everyone, and welcome to the Magellan Midstream Partners third quarter 2015 earnings results conference call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Mike Mears, President and CEO. Please go ahead.

Michael N. Mears - Chairman, President & Chief Executive Officer

Good afternoon and thank you for joining us today.

Before we get started, I'll remind you that management will be making forward-looking statements as defined by the SEC. Such statements are based on our current judgments regarding some of the factors that could impact the future performance of Magellan. 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.

We announced strong third quarter financial results this morning that significantly exceeded the EPU guidance we provided back in August. The positive variance was primarily the result of stronger than expected refined products pipeline shipments during the quarter. Our system benefited from low gasoline prices...


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