TransMontaigne Partners (TLP) Misses Q1 EPS by 12c
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TransMontaigne Partners L.P. Announces Financial Results for the Quarter Ended March 31, 2016
May 5, 2016 8:21 AM EDTDENVER--(BUSINESS WIRE)-- TransMontaigne Partners L.P. (NYSE: TLP) (the partnership, we, us, our) today announced first quarter 2016 financial and operating results.
The Partnership reported Consolidated EBITDA of $24.1 million and Distributable Cash Flow of $19.1 million for the first quarter of 2016, compared to Consolidated EBITDA of $21.3 million and Distributable Cash Flow of $18.1 million for the first quarter of 2015. We previously announced a quarterly cash distribution of $0.68 per unit for the three months ended March 31, 2016, a sequential increase of 1.5% and an increase of 2.3% over the prior year. Distribution coverage for the first... More
