Valero Energy Partners (VLP) Tops Q4 EPS by 10c

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Go back to Valero Energy Partners (VLP) Tops Q4 EPS by 10c

Valero Energy Partners LP Reports Solid Fourth Quarter 2015 and Full Year Results

February 4, 2016 7:22 AM EST

SAN ANTONIO, Feb. 4, 2016 /PRNewswire/ -- Valero Energy Partners LP (NYSE: VLP, the "Partnership") today reported fourth quarter 2015 net income attributable to partners of $45 million, or $0.69 per common limited partner unit.  The Partnership generated earnings before interest, income taxes, depreciation, and amortization ("EBITDA") of $57 million and distributable cash flow of $53 million.  VLP's coverage ratio for the fourth quarter was 2.33x.

For the year ended December 31, 2015, net income attributable to partners was $132 million, or $2.12 per common limited partner unit.  EBITDA was $171 million and distributable cash flow was $162 million. 

"With solid operations, a strong balance sheet,... More