Valero Energy Partners (VLP) Tops Q2 EPS by 1c

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Go back to Valero Energy Partners (VLP) Tops Q2 EPS by 1c

Valero Energy Partners LP Reports Second Quarter 2016 Results

August 4, 2016 7:28 AM EDT

Reported net income attributable to partners of $49 million and EBITDA of $64 million. Reported net cash provided by operating activities of $59 million and distributable cash flow of $59 million, a 68 percent and 47 percent increase, respectively, compared to the second quarter of 2015. Increased cash distribution 7.4 percent to $0.365 per unit.Maintained strong distribution coverage ratio of 2.0x.

SAN ANTONIO, Texas, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Valero Energy Partners LP (NYSE: VLP) (the Partnership) today reported second quarter 2016 net income attributable to partners of $49 million, or $0.67 per common limited partner unit.  The Partnership generated... More