Transmontaigne Partners L.P. (TLP) - NYSE
  • Mon, Apr. 4, 3:17 PM
    • Magellan Midstream Partners (MMP -2.9%) is downgraded to Hold from Buy with a $68 price target at Wunderlich, which says that, despite its ability to grow profits and distributions to shareholders, it does not see much room for upside in the shares.
    • The firm says it is encouraged by MMP's outlook to generate more EBITDA from existing assets, but while the company needs only $300M-$500M annual capex to achieve 8%-10% distribution growth and growth opportunities remain, the figures already were mostly factored into its expectations
    • Separately, MMP and TransMontaigne Partners (TLP +0.7%) say they are jointly assessing a 150-mile diameter pipeline capable of moving 150K bbl/day of refined products.
    • Now read Credit Suisse downgrades 12 MLPs as rally plays out
    | Mon, Apr. 4, 3:17 PM | 7 Comments
  • Jul. 10, 2014, 6:54 PM
    • TransMontaigne Partners (TLP) +2.6% AH after NGL Energy Partners (NGL) offers to acquire all outstanding units in a one-for-one stock swap.
    • Last week, NGL closed on its $547M purchase from Morgan Stanley of 17% of the outstanding units in the MLP plus the general partner management interest.
    | Jul. 10, 2014, 6:54 PM
  • Jun. 5, 2013, 12:47 PM

    TransMontaigne Partners (TLP -1.3%) announces a 900K-barrel expansion at the Battleground Oil Specialty Terminal under construction on the Houston Ship Channel. The ~$54M expansion is supported by a long-term leased storage and handling services contract with Morgan Stanley Capital. Kinder Morgan Partners (KMP -2.8%) owns a 55% stake in the complex, with TLP holding the remainder.

    | Jun. 5, 2013, 12:47 PM
Company Description
TransMontaigne Partners LP provides integrated terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of petroleum products, crude oil, chemicals, fertilizers and other liquid products. The company operates business in five segments:... More
Industry: Oil & Gas Pipelines
Country: United States