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Last $31.83 USD
Change Today +0.90 / 2.91%
Volume 41.7K
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

transmontaigne partners lp (TLP) Snapshot

Open
$31.10
Previous Close
$30.93
Day High
$32.50
Day Low
$30.77
52 Week High
09/2/14 - $44.68
52 Week Low
08/24/15 - $27.47
Market Cap
513.2M
Average Volume 10 Days
50.1K
EPS TTM
$1.70
Shares Outstanding
16.1M
EX-Date
07/29/15
P/E TM
18.7x
Dividend
$2.66
Dividend Yield
8.35%
Current Stock Chart for TRANSMONTAIGNE PARTNERS LP (TLP)

transmontaigne partners lp (TLP) Related Businessweek News

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transmontaigne partners lp (TLP) Details

TransMontaigne Partners L.P. operates as a terminaling and transportation company. It provides integrated terminaling, storage, transportation, and related services for customers engaged in the distribution and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products. The company operates along the Gulf Coast; in the Midwest; in Houston and Brownsville, Texas; along the Mississippi and Ohio Rivers; and in the Southeast United States. It operates 8 refined product terminals in Florida with approximately 6.9 million barrels of aggregate active storage capacity; a 67-mile interstate refined products pipeline between Missouri and Arkansas; and 3 refined product terminals and 1 crude oil terminal with approximately 1.6 million barrels of aggregate active storage capacity in the Midwest. The company also owns and operates approximately 0.9 million barrels of tankage, which includes a liquefied petroleum gas (LPG) terminaling facility with aggregate active storage capacity of approximately 33,000 barrels; and an LPG pipeline from Brownsville facilities to the U.S.-Mexico border, as well as operate a bi-directional refined products pipeline. In addition, it operates river facilities comprising 12 refined product terminals located along the Mississippi and Ohio rivers with approximately 2.7 million barrels of aggregate active storage capacity; and a dock facility in Baton Rouge, Louisiana connected to the Colonial pipeline. Further, the company operates southeast facilities consisting of 22 refined product terminals located along the Colonial and Plantation pipelines in Alabama, Georgia, Mississippi, North Carolina, South Carolina, and Virginia with an aggregate active storage capacity of approximately 10 million barrels. TransMontaigne GP L.L.C. serves as the general partner of the company. TransMontaigne Partners L.P. was founded in 2005 and is headquartered in Denver, Colorado.

transmontaigne partners lp (TLP) Top Compensated Officers

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Executives, Board Directors

transmontaigne partners lp (TLP) Key Developments

Transmontaigne Partners L.P. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Transmontaigne Partners L.P. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's operating income increased to $14.3 million compared to $12.3 million. Revenue was $37.0 million compared to $39.4 million due to decreases in revenue at the Gulf Coast, Midwest and Southeast terminals of approximately $3.4 million, $0.4 million and $0.4 million, respectively, offset by increases in revenue at the Brownsville and River terminals of approximately $1.6 million and $0.2 million, respectively. Net earnings increased to $12.2 million from $10.8 million due principally to the changes in quarterly operating income discussed above, offset by an increase in interest expense of approximately $0.7 million. Basic net earnings per limited partner unit increased to $0.64 per unit compared to $0.56 per unit. Consolidated EBITDA increased to $21.6 million compared to $20.2 million. Distributable cash flow was $16.7 million for the quarter. Net earnings allocable to limited partners were $10.3 million compared with $8.98 million a year ago. Total earnings from investments in unconsolidated affiliates were $5.5 million compared with $1.3 million a year ago. The distribution cash flow generated during the second quarter was $16.7 million. For the six months, the company’s revenue was $74.9 million compared with $77.4 million a year ago. Total earnings from investments in unconsolidated affiliates were $7.6 million compared with $1.4 million a year ago. The company reported distributable cash flow of $34.8 million, net earnings of $22.3 million. Consolidated EBITDA of $42.9 million compared to $38.7 million for the first 6 months of 2014. This represents a $4.3 million increase in consolidated EBITDA. Year-to-date for 2015, the company generated distributable cash flow of $34.8 million with distributions of $25.2 million, resulting in a distribution cushion of approximately $9.5 million or 38% for the first 6 months of 2015.

Transmontaigne Partners Mulls Acquisitions

Transmontaigne Partners L.P. (NYSE:TLP) may look at acquisition opportunities. The company stated: “Management and the board of directors of our general partner have approved additional investments and expansion projects at our terminals that currently are, or will be, under construction with estimated completion dates that extend throughout 2015. At June 30, 2015, the remaining expenditures to complete the approved projects are estimated to be approximately $10 million. We expect to fund our future investment and expansion expenditures with additional borrowings under our credit facility. Our primary liquidity needs are to fund our working capital requirements, distributions to unitholders, approved investments, approved capital projects and approved future expansion, development and acquisition opportunities. We expect to initially fund our approved investments, approved capital projects and our approved future expansion, development and acquisition opportunities with additional borrowings under our credit facility.”

Transmontaigne Partners L.P. to Report Q2, 2015 Results on Aug 06, 2015

Transmontaigne Partners L.P. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 06, 2015

 

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Industry Analysis

TLP

Industry Average

Valuation TLP Industry Range
Price/Earnings 18.8x
Price/Sales 3.5x
Price/Book 1.5x
Price/Cash Flow 9.0x
TEV/Sales 1.3x
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