Key Developments: Oiltanking Partners LP (OILT.N)
50.63USD
17 May 2013
$-0.20 (-0.39%)
$50.83
$51.45
$51.79
$50.63
5,129
9,886
$53.20
$29.08
Latest Key Developments (Source: Significant Developments)
Oiltanking Partners LP Declares Cash Distribution For First Quarter Of 2013
Oiltanking Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the first quarter of 2013 of $0.405 per unit, or $1.62 per unit on an annualized basis, for all of its outstanding limited partner units. The first quarter distribution represents a 3.8% increase over the prior quarter distribution of $0.39 per limited partnership unit and a 15.7% increase over the prior year distribution of $0.35 per limited partnership unit. The distribution will be paid on May 14, 2013 to all unitholders of record on May 3, 2013. Full Article
Oiltanking Partners LP Increases Distribution On Limited Partner Units
Oiltanking Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the fourth quarter of 2012 of $0.39 per unit, or $1.56 per unit on an annualized basis, for all of its outstanding limited partner units. The fourth quarter distribution represents a 4.0% increase over the prior quarter distribution of $0.375 per limited partnership unit. The distribution will be paid on February 14, 2013 to all unitholders of record on February 1, 2013. Full Article
Oiltanking Partners LP Declares Cash Distribution
Oiltanking Partners LP announced that it has declared an increase in its cash distribution to $0.375 per unit, or $1.50 per unit on an annualized basis, for all of its outstanding limited partner units. The third quarter distribution represents a 4.2% increase over the prior quarter distribution of $0.36 per limited partnership unit. The $14.9 million cash distribution will be paid on November 14, 2012 to all unitholders of record as of November 2, 2012. Full Article
Oiltanking Partners LP Names New Chief Executive Officer And President
Oiltanking Partners LP announced that Anne-Marie Ainsworth has been selected to succeed Carlin Conner as President and Chief Executive Officer of its general partner, effective November 26, 2012. Ms. Ainsworth will also serve on the board of directors of Oiltanking's general partner. As previously announced, Carlin Conner has assumed the role of Managing Director of Oiltanking GmbH and joined the Executive Board of Marquard & Bahls AG. Mr. Conner will remain Chairman of the board of the general partner of the Partnership. Full Article
Oiltanking Partners LP Increases Distribution On Limited Partner Units
Oiltanking Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the third quarter of 2012 of $0.375 per unit, or $1.50 per unit on an annualized basis, for all of its outstanding limited partner units. The third quarter distribution represents a 4.2% increase over the prior quarter distribution of $0.36 per limited partnership unit. The distribution will be paid on November 14, 2012 to all unitholders of record on November 2, 2012. Full Article
Oiltanking Partners LP Increases Distribution On Limited Partner Units
Oiltanking Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the second quarter of 2012 of $0.36 per unit, or $1.44 per unit on an annualized basis, for all of its outstanding limited partner units. The second quarter distribution represents a 2.9% increase over the prior quarter distribution of $0.35 per limited partnership unit. The distribution will be paid on August 14, 2012 to all unit holders of record on August 3, 2012. Full Article
Oiltanking Partners LP Declares Cash Distribution
Oiltanking Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the first quarter of 2012 of $0.35 per unit, or $1.40 per unit on an annualized basis, for all of its outstanding limited partner units. The increased distribution represents a 2.9% increase over the prior quarter distribution of $0.34 per limited partnership unit. The distribution will be paid on May 14, 2012 to all unitholders of record on May 3, 2012. Full Article
Oiltanking Partners LP Increases Distribution On Limited Partner Units
Oiltanking Partners LP announced that the Board of Directors of its general partner has declared a cash distribution for the fourth quarter of 2011 of $0.34 per unit, or $1.36 per unit on an annualized basis, for all of its outstanding limited partner units. For the prior quarter, the prorated distribution for the period after the closing date of Oiltanking Partners' initial public offering, July 19, 2011, through September 30, 2011 was $0.2678 per limited partnership unit, representing the minimum quarterly distribution of $0.3375 on a full quarter basis, or $1.35 on an annualized basis. The distribution will be paid on February 14, 2012 to all unitholders of record on February 3, 2012. Full Article
Oiltanking Partners LP Announces Initial Quarterly Distribution
Oiltanking Partners, L.P. announced the declaration of its first cash distribution for the third quarter of 2011 of $0.2678 per unit. This prorated amount corresponds to its minimum quarterly cash distribution of $0.3375 per unit, or $1.35 on an annualized basis. The proration period began immediately after the closing date of Oiltanking Partners, L.P.'s initial public offering, July 19, 2011, and continued through September 30, 2011. The distribution will be paid on November 14, 2011 to all unitholders of record on November 3, 2011. Full Article
Oiltanking Partners LP Completes Initial Public Offering
Oiltanking Partners LP announced that it has completed its initial public offering of 11.5 million common units representing limited partner interests at a price of $21.50 per unit. The number of units issued at closing included 1.5 million additional common units issued pursuant to full exercise of the underwriters' over-allotment option. Net proceeds received by Oiltanking Partners from the sale of 11.5 million common units totaled approximately $231.2 million, after deducting the underwriting discount and structuring fee, but before taking into account estimated offering expenses. The public owns a 29.0% limited partner interest in Oiltanking Partners following the completion of the offering. Citi, Barclays Capital, J.P. Morgan and Morgan Stanley acted as joint book-running managers for the offering. Raymond James, Deutsche Bank Securities and Stifel Nicolaus Weisel acted as co-managers for the offering. Full Article
Oiltanking, Williams plan to cash in on US LPG export boom
March 6 - Oiltanking Partners LP, an oil and gas transporter, will spend $44 million to build a new vessel dock and upgrade existing ones at its terminal on the Houston Ship Channel to meet demand for export of liquefied petroleum gas (LPG).
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