Revenue during the quarter grew 12.09 percent to $25.20 million from $22.48 million in the previous year period. Total expenses were 64.50 percent of quarterly revenues, down from 68.41 percent for the same period last year. This has led to an improvement of 391 basis points in operating margin to 35.50 percent.

Operating income for the quarter was $8.95 million, compared with $7.10 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $15.70 million compared with $14.38 million in the prior year period. At the same time, adjusted EBITDA margin contracted 166 basis points in the quarter to 62.29 percent from 63.95 percent in the last year period.

"I am pleased with World Point's third quarter accomplishments." said Ken Fenton, president and chief operating officer of WPT GP, LLC, the general partner of the Partnership. "In addition to the year-over-year growth in revenues, net income and EBITDA, we placed 178,000 barrels of storage capacity in service and under contract at the North Little Rock terminal and completed construction of two rail spurs at the Chickasaw terminal that will improve logistical efficiencies. Both projects provided an immediate boost to revenues and are expected to provide long-term revenue streams to the Partnership."