Energia
Andeavor Logistics Announces 28th Consecutive Quarterly Distribution Increase
- Andeavor Logistics LP (NYSE: ANDX) announced today the declaration of its quarterly cash distribution for the first quarter 2018 of $1.015 per limited partnership unit, or $4.06 on an annualized basis. This distribution represents a 1.5% increase over the prior quarterly distribution of $1.00 per limited partnership unit, or $4.00 per unit on an annualized basis. This represents the 28 consecutive quarterly increase. The first quarter distribution will be paid May 15, 2018 to all unitholders of record as of May 1, 2018. Over the prior four quarters, Andeavor Logistics has increased its distribution to limited partners by 8%.
Andeavor Logistics LP is a fee-based, full-service, diversified midstream logistics company, with integrated assets across the western and mid-continent regions of the United States. Andeavor Logistics operates through three business segments: Terminalling and Transportation, Gathering and Processing and Wholesale. The Terminalling and Transportation segment consists of marine terminals, refined product truck terminals, rail terminals, dedicated storage facilities and transportation pipelines. The Gathering and Processing segment consists of crude oil gathering systems and pipelines as well as natural gas gathering pipelines, processing facilities and fractionation facilities. The Wholesale segment consists of a fee-based fuel wholesale business. Andeavor Logistics is a Delaware limited partnership formed by Andeavor, headquartered in San Antonio, Texas.
Investors:
Andrew Woodward, Sr. Director, Finance and Investor Relations, (210) 626-7202
Andeavor Media Relations, media@andeavor.com, (210) 626-7702
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti