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4-Traders Homepage  >  Equities  >  Nyse  >  Valero Energy Partners LP    VLP

VALERO ENERGY PARTNERS LP (VLP)
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Valero Energy Partners LP Increases Quarterly Cash Distribution by 3.9 Percent

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04/19/2018 | 10:23pm CEST

SAN ANTONIO, April 19, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP (NYSE:VLP) (the “Partnership”), has approved the Partnership’s first quarter 2018 cash distribution of $0.5275 per unit.  This distribution represents a 3.9 percent increase over the Partnership’s previous quarterly distribution, and is payable on May 9, 2018, to unitholders of record at the close of business on May 1, 2018. 

As a reminder, the Partnership will host a conference call on April 26, 2018, at 3:00 p.m. ET to discuss first quarter 2018 earnings results, which will be released earlier that day, and to provide an update on partnership operations and strategy.  Persons interested in listening to the presentation live via the internet may log on to Valero Energy Partners’ website at www.valeroenergypartners.com.

This release serves as qualified notice to brokers and nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d).  Please note that 100 percent of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business.  Accordingly, all of the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable.  Brokers and nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

About Valero Energy Partners LP
Valero Energy Partners LP is a master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. With headquarters in San Antonio, the Partnership’s assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of 10 of Valero’s refineries.  Please visit www.valeroenergypartners.com for more information.

Contacts
Investors:
John Locke, Vice President – Investor Relations, 210-345-3077
Karen Ngo, Senior Manager – Investor Relations, 210-345-4574
Tom Mahrer, Manager – Investor Relations, 210-345-1953

Media:
Lillian Riojas, Director – Media and Communications, 210-345-5002

 

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© GlobeNewswire 2018
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Financials ($)
Sales 2018 545 M
EBIT 2018 338 M
Net income 2018 240 M
Debt 2018 1 233 M
Yield 2018 5,51%
P/E ratio 2018 14,16
P/E ratio 2019 12,81
EV / Sales 2018 7,56x
EV / Sales 2019 7,01x
Capitalization 2 884 M
Chart VALERO ENERGY PARTNERS LP
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Valero Energy Partners LP Technical Analysis Chart | VLP | US91914J1025 | 4-Traders
Technical analysis trends VALERO ENERGY PARTNERS LP
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 48,4 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Joseph W. Gorder Chairman & Chief Executive Officer
Richard F. Lashway President, Chief Operating Officer & Director
Donna M. Titzman Chief Financial Officer, Treasurer, Director & SVP
Robert S. Beadle Lead Independent Director
Timothy J. Fretthold Independent Director
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