TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Distribution
17 April 2018 - 10:19PM
Business Wire
TransMontaigne Partners L.P. (NYSE: TLP) announced today that it
declared a distribution of $0.785 per unit for the period from
January 1, 2018 through March 31, 2018, representing a $0.015
increase over the previous quarter. The distribution is payable on
May 8, 2018 to unitholders of record on April 30, 2018.
“Our first quarter distribution marks the tenth consecutive
quarter of distribution growth for TransMontaigne, and reflects a
1.9% increase over the previous quarter as well as an 8.3% increase
over the distribution paid a year ago,” said Fred Boutin, Chief
Executive Officer of TransMontaigne Partners. “Our ability to
provide value through distribution growth is driven by successful
execution of our ongoing growth objectives and further expansion
and diversification of our asset base, underpinned by the stability
of our terminaling 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, the
Southeast and in Northern California. 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: https://www.businesswire.com/news/home/20180417005940/en/
TransMontaigne Partners L.P.Frederick W. Boutin, CEO,
303-626-8200orRobert T. Fuller, CFO, 303-626-8200
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