Valero Energy Partners (VLP) Tops Q1 EPS by 9c

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Go back to Valero Energy Partners (VLP) Tops Q1 EPS by 9c

Valero Energy Partners LP Reports 2015 First Quarter Results

May 5, 2015 7:53 AM EDT

SAN ANTONIO, May 5, 2015 /PRNewswire/ -- Valero Energy Partners LP (NYSE: VLP, the Partnership), today reported first quarter 2015 net income attributable to partners of $22.1 million, or $0.37 per common limited partner unit.  The Partnership generated earnings before interest, income taxes, depreciation, and amortization (EBITDA) of $27.8 million and distributable cash flow of $27.5 million.  VLP's coverage ratio for the first quarter of 2015 was 1.59x.

"We are executing our accelerated growth strategy," said Joe Gorder, VLP Chairman and Chief Executive Officer.  "We acquired the Houston and St. Charles terminals and announced a 31 percent year-over-year increase in the quarterly distribution per unit."... More