SANANTONIO, Texas (AP) _ Valero Energy Partners LP (VLP) on Thursday reported first-quarter earnings of $43.3 million.
On a per-share basis, the Sanantonio, Texas-based company said it had net income of 61 cents.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The oil pipeline owner posted revenue of $78.8 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $82.9 million.
Valero Energy Partners shares have fallen 9 percent since the beginning of the year. The stock has fallen 8.5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VLP at http://www.zacks.com/ap/VLP
Keywords: Valero Energy Partners, Earnings Report
Automated Insights, source Associated Press News