VALERO ENERGY PARTNERS LP (NYSE:VLP) Files An 8-K Results of Operations and Financial ConditionItem 2.02Results of Operations and Financial Condition.
On February2, 2018, Valero Energy Partners LP (NYSE: VLP, the “Partnership”) issued a press release announcing the Partnership’s financial and operating results for the fourth quarter ended December31, 2017. A copy of the press release is furnished with this report as Exhibit99.01 and is incorporated herein by reference.
The information in this report is being furnished, not filed, to Item 2.02 of Form8-K. Accordingly, the information in this report, including the press release, will not be incorporated by reference into any registration statement filed by the Partnership under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Item 2.02Financial Statements and Exhibits.
VALERO ENERGY PARTNERS LP ExhibitEX-99.01 2 vlpexh9901-q42017earningsr.htm EXHIBIT 99.01 FOURTH QUARTER 2017 EARNINGS RELEASE Exhibit Exhibit 99.01Valero Energy Partners LP Reports 2017 Fourth Quarter and Full Year Results•Reported net income attributable to partners of $64 million for the fourth quarter and $238 million for the year.•Reported EBITDA attributable to the Partnership of $91 million for the quarter and $328 million for the year.•Reported net cash provided by operating activities of $69 million for the quarter and $289 million for the year.•Reported distributable cash flow of $72 million for the quarter and $284 million for the year.•Successfully integrated the previously announced acquisitions of the Port Arthur terminal assets and Parkway Pipeline LLC.•Delivered annual distribution growth of 25 percent in 2017.SAN ANTONIO,…To view the full exhibit click
About VALERO ENERGY PARTNERS LP (NYSE:VLP)
Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St. Charles Refinery-Norco, Louisiana; Houston Refinery-Houston, Texas, and Corpus Christi East and West Refineries-Corpus Christi, Texas. The Port Arthur logistics system includes Lucas crude system and Port Arthur products system. McKee logistics system supports Valero’s McKee Refinery in Sunray, Texas.