TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Distribution
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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Copyright Business Wire 2018
Source: Business Wire
(April 17, 2018 - 8:19 AM EDT)
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