TransMontaigne Partners (TLP) Misses Q1 EPS by 15c, Beats on Revenues
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Price: $40.99 --0%
Financial Fact:
Net earnings allocable to limited partners: 9.46M
Today's EPS Names:
MAXN, CSTR, ACU, More
Financial Fact:
Net earnings allocable to limited partners: 9.46M
Today's EPS Names:
MAXN, CSTR, ACU, More
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TransMontaigne Partners (NYSE: TLP) reported Q1 EPS of $0.52, $0.15 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $56.4 million versus the consensus estimate of $54.11 million.
- TransMontaigne will expand its Brownsville, Texas operations, supported by the execution of long-term, fee-based terminaling and pipeline agreements for new storage and additional pipeline capacity
- Net earnings for the first quarter of 2018 totaled $12.2 million, compared to $13.0 million in the prior year first quarter, which includes increases in depreciation and amortization and interest expense
- Achieved record levels of both revenue and EBITDA for the first quarter 2018
- Consolidated EBITDA for the first quarter of 2018 totaled $32.9 million, compared to $27.3 million in the prior year first quarter
- Distributable cash flow for the first quarter of 2018 totaled $23.0 million, compared to $23.5 million in the prior year first quarter
- Distribution coverage for first quarter 2018 was 1.39x; leverage as of March 31, 2018 was 4.35x on an as-adjusted basis for the acquisition of the West Coast terminal facilities
- Increased the quarterly cash distribution for the tenth consecutive quarter to $0.785, reflecting an 8.3% increase over prior year quarterly distribution
For earnings history and earnings-related data on TransMontaigne Partners (TLP) click here.
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