reports
Moody's places TransMontaigne's ratings under review for downgrade
Moody's Investors Service ("Moody's") placed the ratings of TransMontaigne Partners L.P. (TransMontaigne) under review for downgrade, including the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and B2 rating on its senior unsecured notes. Moody's affirme...
TransMontaigne Announces First Quarter Results and Expansion
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the Partnership, we, us, our) today announced first quarter 2018 financial and operating results. “Our business continued to perform extremely well during the first quarter, achieving record levels of both revenue and EBITDA,” said Fred Boutin, Chief Executive Officer of TransMontaigne Partners. “Our sequential growth during the first quarter was driven by the continued geographic and organic expansion of our platform, including our recent West Coast terminal ...
TransMontaigne Partners L.P. Schedules Conference Call To Discuss Its ...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) today announced that it will release its first quarter 2018 results before market open on Wednesday, May 9, 2018. This release will be followed by a conference call for investors at 12:00 p.m. Eastern Time to discuss TransMontaigne’s first quarter 2018 results. Hosting the call will be Fred Boutin, Chief Executive Officer and Rob Fuller, Chief Financial Officer. The call can be accessed live over the telephone by dialing (877) 407-4018, or for international cal...
TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Di...
DENVER--(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% increas...
TransMontaigne Partners L.P. Expects No Direct Financial Impact from P...
DENVER--(BUSINESS WIRE)-- The Federal Energy Regulatory Commission ("FERC") recently announced proposed revisions to its 2005 Policy Statement for Recovery of Income Tax Costs such that it will no longer allow master limited partnerships to recover an income tax allowance in their pipeline cost of service-based rates. In response to this announcement, TransMontaigne Partners L.P. (NYSE:TLP) (the "Partnership") confirms that it does not currently provide services pursuant to FERC jurisdictional cost of service-based rates, and as such,...
TransMontaigne Announces Fourth Quarter and Full Year 2017 Results and...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the Partnership, we, us, our) today announced fourth quarter and full year 2017 financial and operating results. “Our business continues to perform extremely well, resulting in record levels of revenue, EBITDA and distributable cash flow for 2017,” said Fred Boutin, Chief Executive Officer of TransMontaigne Partners. “Our growth in 2017 was largely driven by the completion of our fully-contracted $75 million Collins phase I expansion, which added 2 mill...
TransMontaigne Partners L.P. Schedules Timing of Fourth Quarter and Fu...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) today announced that it will release its fourth quarter and full-year 2017 results before market open on Thursday, March 15, 2018. This release will be followed by a conference call for investors at 12:00 p.m. Eastern Time (11:00 a.m. Central) to discuss TransMontaigne’s fourth quarter and full-year 2017 results. Hosting the call will be Fred Boutin, Chief Executive Officer, and Rob Fuller, Chief Financial Officer. The call can be accessed live over the telepho...
TransMontaigne Partners L.P. Announces Pricing of Public Offering of S...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership”) today announced the pricing of the previously announced public offering (the “Offering”) of $300 million in aggregate principal amount of senior unsecured notes due 2026 (the “Notes”) of the Partnership and TLP Finance Corp., the Partnership’s wholly owned subsidiary. The Notes mature on February 15, 2026, will pay interest at the rate of 6.125% per year and were priced at par. The expected settlement date for the Offering is February 12, 2018, subje...
Moody's Publishes Covenant Quality Assessment for TransMontaigne Partn...
Moody's Investors Service has assigned an overall covenant quality score of 4.46 to TransMontaigne Partners L.P.'s $300m _% Senior Notes due 2026. Subscribers can read the full report at: http://www.moodys.com/viewresearchdoc.aspx?docid=PBC_1111065 . Moody's scores covenant prot...
Moody's assigns Ba3 CFR to TransMontaigne; notes rated B2
Moody's Investors Service ("Moody's") assigned first time ratings to TransMontaigne Partners, LP (TransMontaigne), including a Ba3 Corporate Family Rating (CFR), a Ba3-PD Probability of Default Rating (PDR) and a B2 rating on its proposed senior unsecured notes. Moody's also assigned a...
TransMontaigne Partners L.P. Announces Public Offering of Senior Notes
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership”) today announced the commencement of an underwritten public offering (the “Offering”) of $300 million in aggregate principal amount of senior unsecured notes due 2026 (the “Notes”) of the Partnership and TLP Finance Corp., the Partnership’s wholly owned subsidiary. The Partnership intends to use the proceeds from the Offering to repay existing indebtedness under its revolving credit facility, for general partnership purposes, and to pay trans...
TransMontaigne Partners L.P. Announces $0.015 Increase in Quarterly Di...
DENVER--(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 ...
TransMontaigne Partners L.P. Announces Closing of Acquisition of Two W...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership” or “we”) announced today that it has completed the previously announced acquisition of the Martinez Terminal and Richmond Terminal from an affiliate of Plains All American Pipeline, L.P. (the “West Coast Acquisition”). As a result of the West Coast Acquisition, the Partnership has expanded its storage and terminaling footprint into the San Francisco Bay Area refining complex. Plains will continue to operate the terminals on behalf of the Partnership u...
TransMontaigne Partners L.P. Schedules Timing of Third Quarter 2017 Co...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) today announced that it will host a conference call for analysts and investors on Monday, November 13, 2017 at 11:00 a.m. Eastern Time to discuss TransMontaigne’s third quarter 2017 results. Hosting the call will be Fred Boutin, Chief Executive Officer, and Rob Fuller, Chief Financial Officer. The conference call can be accessed live over the telephone by dialing (877) 407-4018, or for international callers, (201) 689-8471. A replay will be available shortly af...
TransMontaigne Partners L.P. Announces Termination of Common Unit Offe...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership” or “we”) today announced the termination of its public offering of common units representing limited partner interests in the Partnership announced earlier today (the “Offering”). The termination results from an assessment by management that current equity market conditions are not conducive for an offering on terms that would be in the best interests of the Partnership’s unitholders. As a result of such termination, no common units will be s...
TransMontaigne Partners Announces Third Quarter 2017 Results
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the Partnership, we, us, our) today announced third quarter 2017 financial and operating results. “Our business continued to perform extremely well during the third quarter of 2017, achieving another quarter of record revenue and attractive distribution coverage of approximately 1.4 times,” said Fred Boutin, Chief Executive Officer of TransMontaigne Partners. “Our fully completed 2 million barrel Collins Phase I expansion project, along with the strength of ou...
TransMontaigne Partners L.P. Announces Public Offering of Common Units
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP) (the “Partnership” or “we”) today announced the commencement of an underwritten public offering to sell 2,500,000 common units representing limited partner interests in the Partnership (the “Common Units”) or up to an aggregate of 2,875,000 Common Units if the underwriters exercise their option to purchase additional Common Units in full (the “Offering”). TransMontaigne GP L.L.C., the general partner of the Partnership, is expected to make a proportionate cash contribut...
TransMontaigne Partners L.P. Announces Agreement to Acquire Two West C...
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE:TLP, the “Partnership”) announced today that one of its wholly owned subsidiaries has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal (collectively, the “West Coast Facilities”) from an affiliate of Plains All American Pipeline, L.P., for a total purchase price of $275 million. The acquisition expands the Partnership’s storage and terminaling footprint into the San Francisco Bay Area refining complex. The acquisition is expected to be finance...
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