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

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Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent

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10/19/2017 | 10:16pm CEST

SAN ANTONIO, Oct. 19, 2017 (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 third quarter 2017 cash distribution of $0.48 per unit.  This distribution represents a 5.5 percent increase over the Partnership’s previous quarterly distribution.  The distribution is payable on November 9, 2017 to unitholders of record at the close of business on November 1, 2017. 

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 2017
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Financials ($)
Sales 2017 455 M
EBIT 2017 283 M
Net income 2017 234 M
Debt 2017 628 M
Yield 2017 4,45%
P/E ratio 2017 13,94
P/E ratio 2018 12,09
EV / Sales 2017 7,79x
EV / Sales 2018 7,51x
Capitalization 2 916 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
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 52,8 $
Spread / Average Target 26%
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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