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Transmontaigne Partners Lp

**Transmontaigne Partners L.P. (NYSE: TLP)**

**Company Overview:**

Transmontaigne Partners L.P. is a publicly traded master limited partnership (MLP) that operates a diversified network of pipelines, terminals, and storage facilities for the transportation and storage of refined petroleum products and crude oil.

**Key Statistics:**

* **Ticker Symbol:** TLP

* **Industry:** Energy Infrastructure

* **Sector:** Midstream Energy

* **Market Cap:** $1.9 billion (as of May 2023)

* **Enterprise Value:** $3.3 billion

* **Dividend Yield:** 9.5%

**Business Segments:**

* **Terminals and Storage:** Operates a network of refined petroleum product and crude oil terminals and storage facilities in the United States and Mexico.

* **Pipelines:** Owns and operates a system of pipelines that transport refined petroleum products and crude oil across the United States.

**Financial Performance:**

* **Revenue:** $1.0 billion (2022)

* **Net Income:** $141 million (2022)

* **Distributable Cash Flow:** $263 million (2022)

* **Adjusted EBITDA:** $329 million (2022)

**Dividend History:**

Transmontaigne Partners has a history of paying quarterly distributions to unitholders. The current quarterly distribution rate is $0.56 per unit, which equates to an annualized yield of approximately 9.5%.

**Key Management:**

* **CEO:** Greg Garland

* **COO:** Chris Lee

* **CFO:** John Hart

**Headquarters:**

Denver, Colorado, United States

**Stock Performance:**

TLP has performed relatively well in recent years, with its unit price increasing by over 50% since the beginning of 2021. The stock is currently trading around $23 per unit.

**Analyst Coverage:**

Transmontaigne Partners is covered by several analysts, including:

* **Wells Fargo:** Overweight

* **Tudor, Pickering, Holt & Co.:** Buy

* **BofA Securities:** Neutral