Arc Logistics Partners LP Announces Quarterly Distribution, Fourth Quarter and Year End 2016 Earnings Release and Conference ...
January 26 2017 - 4:30PM
Arc Logistics Partners LP (“Arc Logistics” or the “Partnership”), a
Delaware limited partnership (NYSE:ARCX), announced today that the
board of directors of its general partner has declared a cash
distribution of $0.44 per unit ($1.76 per unit on an annualized
basis) for the period from October 1, 2016 through December 31,
2016. The distribution is payable on February 15, 2017 to
unitholders of record on February 8, 2017.
Fourth Quarter and Year End 2016 Earnings Release,
Conference Call and Webcast
Arc Logistics will release its fourth quarter and year end 2016
financial results on Thursday, March 9, 2017, after the market
closes and will hold a conference call and webcast to discuss those
results on Thursday, March 9, 2017, at 5:00 p.m. Eastern.
Interested parties may join the conference call by dialing (855)
433-0931, and international callers may join by dialing (484)
756-4279. The call may also be accessed live over the internet by
visiting the “Investors” page of the Arc Logistics website at
www.arcxlp.com and will be available for replay for
approximately one month.
About Arc Logistics Partners LP
Arc Logistics is a fee-based, growth-oriented limited
partnership that owns, operates, develops and acquires a
diversified portfolio of complementary energy logistics assets. Arc
Logistics is principally engaged in the terminalling, storage,
throughput and transloading of petroleum products and other
liquids. For more information, please visit www.arcxlp.com.
Forward Looking Statements
Certain statements and information in this press release
constitute “forward-looking statements.” Certain expressions
including “believe,” “expect,” “intends,” or other similar
expressions are intended to identify the Partnership’s current
expectations, opinions, views or beliefs concerning future
developments and their potential effect on the Partnership. While
management believes that these forward-looking statements are
reasonable when made, there can be no assurance that future
developments affecting the Partnership will be those that it
anticipates. The forward-looking statements involve significant
risks and uncertainties (some of which are beyond the Partnership’s
control) and assumptions that could cause actual results to differ
materially from the Partnership’s historical experience and its
present expectations or projections. Important factors that could
cause actual results to differ materially from forward-looking
statements include but are not limited to: (i) adverse economic,
capital markets and political conditions; (ii) changes in the
market place for the Partnership’s services; (iii) changes in
supply and demand of crude oil and petroleum products; (iv) actions
and performance of the Partnership’s customers, vendors or
competitors; (v) changes in the cost of or availability of capital;
(vi) unanticipated capital expenditures in connection with the
construction, repair or replacement of the Partnership’s assets;
(vii) operating hazards, unforeseen weather events or matters
beyond the Partnership’s control; (viii) inability to consummate
acquisitions, pending or otherwise, on acceptable terms and
successfully integrate acquired businesses into the Partnership’s
operations; (ix) effects of existing and future laws or
governmental regulations; and (x) litigation. Additional
information concerning these and other factors that could cause the
Partnership’s actual results to differ from projected results can
be found in the Partnership’s public periodic filings with the
Securities and Exchange Commission (“SEC”), including the
Partnership’s Annual Report on Form 10-K for the year ended
December 31, 2015, as filed with the SEC on March 11, 2016 and any
updates thereto in the Partnership’s subsequent quarterly reports
on Form 10-Q and current reports on Forms 8-K. Readers are
cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. The
Partnership undertakes no obligation to publicly update or revise
any forward-looking statements after the date they are made,
whether as a result of new information, future events or
otherwise.
This press release is intended to be a qualified notice under
Treasury Regulation Section 1.1446-4(b). Brokers and nominees
should treat one hundred percent (100.0%) of the Partnership’s
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, the Partnership’s distributions to non-U.S.
investors are subject to federal income tax withholding at the
highest applicable effective tax rate.
Investor Contact:
IR@arcxlp.com
www.arcxlp.com
212-993-1290
ARC LOGISTICS PARTNERS LP (NYSE:ARCX)
Historical Stock Chart
From Mar 2024 to Apr 2024
ARC LOGISTICS PARTNERS LP (NYSE:ARCX)
Historical Stock Chart
From Apr 2023 to Apr 2024