Valero Energy Partners LP (VLP) - NYSE
  • Sep. 23, 2015, 4:43 PM
    • Valero Energy Partners (NYSE:VLP) agrees to acquire the Corpus Christi Terminal Services Business from Valero Energy (NYSE:VLO) for $465M.
    • The business includes two terminals that support VLO's Corpus Christi East and West refineries, with assets consisting of 134 tanks with 10.1M barrels of storage capacity for crude oil, intermediates and refined petroleum products.
    • Joe Gorder, CEO of VLP's general partner, says the deal helps the company stay on course to deliver 25%-plus Y/Y distribution growth.
    | Sep. 23, 2015, 4:43 PM | 11 Comments
  • Feb. 27, 2015, 12:30 PM
    • Valero Energy Partners (NYSE:VLP) agrees to acquire two terminal businesses from Valero Energy (NYSE:VLO) for ~$671M in cash and stock; VLP shares are halted.
    • The assets, located at the Houston Ship Channel and on the Mississippi River in Louisiana, consist of storage tanks with a combined 13.6M barrels of storage capacity.
    • Upon closing, VLP will enter into 10-year terminaling agreements with the VLO subsidiaries.
    • VP expects the acquired businesses to contribute ~$75M of EBITDA in their first full year of operation.
    | Feb. 27, 2015, 12:30 PM | 8 Comments
Company Description
Valero Energy Partners LP is a fee-based, growth-oriented, traditional master limited partnership recently formed by Valero to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets. It serves as Valero's... More
Industry: Oil & Gas Pipelines
Country: United States