TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Distribution
14 October 2017 - 7:45AM
Business Wire
TransMontaigne Partners L.P. (NYSE:TLP) announced today that it
declared a distribution of $0.755 per unit for the period from July
1, 2017 through September 30, 2017, representing a $0.015 increase
over the previous quarter. The distribution is payable on October
31, 2017 to unitholders of record on October 23, 2017.
“This marks our eighth consecutive quarter of distribution
growth, and reflects a 2.0% increase over the previous quarter and
a 7.9% increase over the distribution paid for the third quarter of
2016,” said Fred Boutin, Chief Executive Officer of TransMontaigne
Partners. “The continued rate of distribution growth is supported
by the success we have achieved in placing our Collins Phase I
expansion project fully online, along with the overall stability of
our operations and cash flows.”
About TransMontaigne Partners
L.P.
TransMontaigne Partners L.P. is a terminaling and transportation
company based in Denver, Colorado with operations in the United
States along the Gulf Coast, in the Midwest, in Houston and
Brownsville, Texas, along the Mississippi and Ohio Rivers, and in
the Southeast. We provide integrated terminaling, storage,
transportation and related services for customers engaged in the
distribution and marketing of light refined petroleum products,
heavy refined petroleum products, crude oil, chemicals, fertilizers
and other liquid products. Light refined products include
gasolines, diesel fuels, heating oil and jet fuels; heavy refined
products include residual fuel oils and asphalt. We do not purchase
or market products that we handle or transport. News and additional
information about TransMontaigne Partners L.P. is available on
our website: www.transmontaignepartners.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171013005674/en/
TransMontaigne Partners L.P.Frederick W. Boutin,
CEOorRobert T. Fuller, CFO303-626-8200
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