Valero Energy Partners (VLP) Reports In-Line Q3 EPS
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Valero Energy Partners LP Reports Third Quarter 2015 Results
October 30, 2015 7:09 AM EDTSAN ANTONIO, Oct. 30, 2015 /PRNewswire/ -- Valero Energy Partners LP (NYSE: VLP, the "Partnership"), today reported third quarter 2015 net income attributable to partners of $31.4 million, or $0.51 per common limited partner unit. The Partnership generated earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $43.6 million and distributable cash flow of $41.9 million. VLP's coverage ratio for the third quarter of 2015 was 2.08x.
VLP's acquisition of the Corpus Christi Terminal Services Business from subsidiaries of its sponsor, Valero Energy Corporation (NYSE: VLO, "Valero"), closed on October 1, 2015. The Partnership expects this business to contribute toward achieving annual distribution... More
