Revenue Update on TransMontaigne Partners L.P.(NYSE:TLP)

TransMontaigne Partners L.P.(NYSE:TLP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $41.14M. Analysts estimated a revenue of $39.80M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.52.

TransMontaigne Partners L.P. (TLP) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.22% at a volume of 31,603. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.78. The peak price level was also seen at $44.78 while the days lowest was $44.015. Finally the shares closed at $44.38. The 52-week high of the shares is $44.9495 while the 52-week low is $20.261. According to the latest information available, the market cap of the company is $716 M.

Several Insider Transactions has been reported to the SEC. On Apr 6, 2016, Daniel R Revers (director 10% owner) purchased 3,166,704 shares at $35.50 per share price.

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminalling and transportation company with operations in the United States along the Gulf Coast in the Midwest in Brownsville Texas along the Mississippi and Ohio Rivers and in the Southeast. It provides integrated terminalling storage and transportation for customers engaged in the distribution and marketing of light refined petroleum products heavy refined petroleum products crude oil chemicals fertilizers and other liquid products. Light refined products include gasolines diesel fuels heating oil and jet fuels. Heavy refined products include residual fuel oils and asphalt. The Company’s business segments include Gulf Coast terminals Midwest terminals and pipeline system Brownsville terminals River terminals and Southeast terminals.

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