Revenue during the quarter grew 5.49 percent to $42.52 million from $40.31 million in the previous year period. Total expenses were 65.75 percent of quarterly revenues, down from 67.39 percent for the same period last year. This has led to an improvement of 164 basis points in operating margin to 34.25 percent.

Operating income for the quarter was $14.56 million, compared with $13.15 million in the previous year period.

"Our business continues to perform extremely well and we were able to achieve record levels of revenue, EBITDA and distributable cash flow for the 2016 year," said Fred Boutin, Chief Executive Officer of TransMontaigne Partners. "Our consistent performance and stable cash flows have allowed us to raise our distribution for five consecutive quarters, representing 6% growth for 2016, while maintaining a conservative distribution coverage ratio of 1.40x for 2016. The first portion of our Phase I, $75 million fee-based and fully contracted, Collins terminal expansion is now in service and earning revenue. The remaining portions of our previously announced Phase I expansion will be in service before the end of the second quarter of this year. We remain committed to growth in our distribution over the long-term, and we continue to execute on our expansion plans, including growth through organic expansions and potential acquisitions."