Item 2.02. Results of Operations and Financial Condition.

Magellan Midstream Partners, L.P. (the "Partnership") issued a press release on February 2, 2021 announcing its financial results for the quarter ended December 31, 2020. A copy of the press release is furnished herewith as Exhibit 99.1, which is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

In response to questions and commentary by the investment community, the Partnership references a corporate conversion analysis in its press release dated February 2, 2021, which it has posted on its website at www.magellanlp.com/investors/webcasts.aspx. This corporate conversion analysis is being furnished and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1 The Partnership's press release dated February 2, 2021.

Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).


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The information being furnished under Items 2.02, 7.01 and Item 9.01 of this report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.

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