MIC Provides Update on Year-to-Date Operating Performance
Macquarie Infrastructure Holdings, LLC Common Unit (MIC)
Last macquarie infrastructure holdings, llc common unit earnings: 2/25 07:00 am
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US:NYSE Investor Relations:
macquarie.com/mgl/com/mic/investor-center/stock-information
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Source: Business Wire
IMTT Benefits from Increasing Storage Demand with Utilization over 90%Performance of Atlantic Aviation Stable Year-to-Date NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) today announced that the performance of its businesses has been consistent with the Company’s expectations over the first ten weeks of 2020.At International-Matex Tank Terminals (“IMTT”), market conditions have been supportive of the storage and handling of petroleum products. Utilization at IMTT is expected to increase to over 90% in April, up from 86% at yearend 2019.“IMTT has leased a substantial amount of storage capacity in the past two weeks, primarily distillate tanks at its Bayonne, New Jersey terminal with a weighted average term of over one year,” said Christopher Frost, chief executive officer of MIC.General aviation flight activity, the primary driver of the performance of Atlantic Aviation, was stable during the period resulting in jet fuel sales being generally consistent
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