Last $71.96 USD
Change Today -0.32 / -0.44%
Volume 505.1K
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As of 8:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

125 West 55th Street

New York, NY 10019

United States

Phone: 212-231-1000

Fax:

Macquarie Infrastructure Company LLC owns, operates, and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the U.S. Businesses and Investments The businesses that the company owns and operates comprise International Matex Tank Terminals (IMTT), a 50% interest in a bulk liquid terminals business, which provides bulk liquid storage and handling services at 10 marine terminals in the United States and 2 in Canada; Hawaii Gas, a full-service gas energy company processing and distributing gas products and providing related services in Hawaii; Atlantic Aviation, an airport services business providing products and services, including fuel and aircraft hangaring/parking, to owners and operators of general aviation aircraft at 63 airports in the U.S.; and Contracted Power and Energy (CP&E), which consists of controlling interests in 5 contracted power generation facilities (CP) located in the southwest U.S. and a 50.01% controlling interest in a district energy business (DE), which operates a district cooling system in the U.S. IMTT IMTT stores or handles petroleum products, various chemicals, renewable fuels and vegetable and animal oils. IMTT is an independent provider of bulk liquid terminal services in the U.S. IMTT also owns OMI Environmental Solutions (Oil Mop), an environmental emergency response, industrial services, waste transportation, and disposal business. Oil Mop has a network of facilities along the U.S. Gulf Coast between Houston and New Orleans. These facilities primarily service the Gulf region, and also respond to spill events and provide services as needed throughout the United States and internationally. St. Rose/Gretna/Avondale/Geismar, Louisiana: On the Lower Mississippi River, IMTT operates four terminals (St. Rose, Gretna, Avondale, and Geismar). With combined storage capacity of 20.5 million barrels, the four sites give IMTT substantial market share in storage of black oil, bulk liquid chemicals, and vegetable oils on the Lower Mississippi River. Bayonne, New Jersey: Located on the Kill Van Kull between New Jersey and Staten Island, the 15.9 million barrel capacity terminal occupies an advantageous position in New York Harbor (NYH). As an independent bulk liquid terminal in NYH, IMTT-Bayonne has market share for third-party storage of refined petroleum products and chemicals. IMTT-Bayonne has connections to the Colonial, Buckeye and Harbor refined petroleum product pipelines, as well as rail and road connections. Customers: IMTT provides bulk liquid terminal services primarily to integrated petroleum product producers and refiners, chemical manufacturers, food processors, and traders of bulk liquid petroleum, chemical, and agricultural products. Strategy: The major components of IMTT’s strategy should be to develop existing locations, especially in the Lower Mississippi River, by constructing new tanks, docks, rail offloading capacity, pipelines or other logistics infrastructure when such construction is supported by customer demand and the returns to IMTT’s shareholders are attractive; and to improve governance, business processes and systems generally, with particular focus on financial planning and analysis capabilities, which might require changing some of the personnel of the executive management team. Competition: The major terminal operation competitors include American Midstream Partners, LP; Bahamas Oil Refining Company International Limited; Battleground Oil Specialty Terminal Company LLC; Bluenight Energy Partners L.P.; Buckeye Partners, L.P.; Enbridge Energy Partners L.P.; Energy Transfer Partners L.P.; Enterprise Products Partners L.P.; Genesis Energy L.P.; Holly Energy Partners L.P.; Houston Fuel Oil Terminal Company; Kinder Morgan Energy Partners, L.P.; Magellan Midstream Partners, L.P.; NuStar Energy L.P.; Odfjell Group; Oiltanking Partners, L.P.; Plains All American Pipeline, L.P.; Royal Vopak N.V.; Sunoco Logistics Partners L.P.; Tesoro Logistics L.P.; TransMontaigne Partners L.P.; and Vitol Holding B.V. Hawaii Gas Hawaii Gas is Hawaii’s government franchised full-service gas company, p

 

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Valuation MIC Industry Range
Price/Earnings 84.7x
Price/Sales 3.9x
Price/Book 4.0x
Price/Cash Flow 39.3x
TEV/Sales 3.3x
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