Valero Energy Partners (VLP) Tops Q2 EPS by 9c
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Valero Energy Partners LP Reports Second Quarter 2015 Results
August 5, 2015 7:35 AM EDTSAN ANTONIO, Aug. 5, 2015 /PRNewswire/ -- Valero Energy Partners LP (NYSE: VLP, the Partnership), today reported second quarter 2015 net income attributable to partners of $33.7 million, or $0.54 per common limited partner unit. The Partnership generated earnings before interest, income taxes, depreciation, and amortization (EBITDA) of $42.7 million and distributable cash flow of $40.1 million. VLP's coverage ratio for the second quarter of 2015 was 2.17x.
"We're pleased with our growth trajectory," said Joe Gorder, Chairman and Chief Executive Officer of VLP's general partner. "We're advancing our plans for the next acquisition and remain on course to reach Valero's target for $1 billion... More
