TransMontaigne Partners L.P. Announces Increase in Quarterly Distribution
DENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (TLP) announces that it declared a distribution of $0.63 per unit for the period from October 1, 2011 through December 31, 2011, representing a $0.01 increase over the previous quarter and a 3.3% increase over the $0.61 per unit distribution declared for the fourth quarter of 2010. This distribution is payable on February 7, 2012 to unitholders of record on January 31, 2012.
About TransMontaigne Partners L.P.
TransMontaigne Partners L.P. is a terminaling and transportation company based in Denver, Colorado with operations primarily in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. 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.
This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Although the company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Important factors that could cause actual results to differ materially from the companys expectations and may adversely affect its business and results of operations are disclosed in "Item 1A. Risk Factors" in the companys Annual Report on Form 10-K for the year ended December 31, 2010 and the companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2011, filed with the Securities and Exchange Commission on March 10, 2011 and November 8, 2011, respectively.
TransMontaigne Partners L.P.
Charles L. Dunlap, CEO, 303-626-8200
Gregory J. Pound, COO, 303-626-8200
Frederick W. Boutin, CFO, 303-626-8200
Source: TransMontaigne Partners L.P.Copyright Business Wire 2012