TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Distribution
January 16 2018 - 8:18AM
Business Wire
TransMontaigne Partners L.P. (NYSE:TLP) announced today that it
declared a distribution of $0.77 per unit for the period from
October 1, 2017 through December 31, 2017, representing a $0.015
increase over the previous quarter. The distribution is payable on
February 8, 2018 to unitholders of record on January 31, 2018.
“This marks our ninth consecutive quarter of distribution
growth, and reflects a 2.0% increase over the previous quarter as
well as an 8.5% increase over the distribution paid for the fourth
quarter of 2016,” said Fred Boutin, Chief Executive Officer of
TransMontaigne Partners. “We are pleased to continue distribution
growth at an attractive rate, supported by the success we have
achieved in executing on our growth objectives, 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, 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: http://www.businesswire.com/news/home/20180116006037/en/
TransMontaigne Partners L.P.Frederick W. Boutin,
CEOorRobert T. Fuller, CFO303-626-8200
Transmontaigne Partners L.P. Transmontaigne Partners L.P. Common Units Representing Limited Partner Interests (NYSE:TLP)
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