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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.
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"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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180417005940/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.