TransMontaigne Partners (TLP) Misses Q3 EPS by 1c, Revenues Miss

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Go back to TransMontaigne Partners (TLP) Misses Q3 EPS by 1c, Revenues Miss

TransMontaigne Announces Third Quarter Results

November 8, 2018 8:24 AM EST

Achieved record levels of revenue, Consolidated EBITDA and distributable cash flow for the third quarter of 2018 Revenue for the third quarter of 2018 totaled $57.2 million, compared to $45.5 million in the prior year third quarter Consolidated EBITDA totaled $36.1 million, compared to $25.4 million in the prior year third quarter Distributable cash flow for the third quarter of 2018 totaled $24.7 million, with aggregate distributions of $17.2 million, resulting in quarterly distribution coverage of 1.43x Increased the quarterly cash distribution for the twelfth consecutive quarter to $0.805, reflecting a 6.6% increase over the prior year... More