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Valero Energy Partners Lp  (VLP)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 200
 Revenues (TTM) (Millions $) 1,174
 Net Income (TTM) (Millions $) 264
 Cash Flow (TTM) (Millions $) 110
 Capital Exp. (TTM) (Millions $) 24

Valero Energy Partners Lp
Valero Energy Partners LP is a publicly traded master limited partnership (MLP) that was established in 2013 by Valero Energy Corporation, one of the largest independent petroleum refiners in the United States. The company was created to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets.

Valero Energy Partners' business is focused on providing logistic services to Valero Energy Corporation's refining, marketing and logistics operations. This means that their main customers are Valero Energy Corporation and its subsidiaries, although the company also provides services to other customers, such as third-party shippers or end-users.

The partnership's assets include 10 crude oil and refined products terminals and pipelines, which are located in Texas, Louisiana, Tennessee and Arkansas. In addition to these assets, the company also holds a 40% interest in the Parkway Pipeline, which is a 70-mile long crude oil pipeline that connects Valero's refinery in Memphis, Tennessee to the Capline Pipeline in Louisiana.

Valero Energy Partners operates under a fee-based business model, which means that the partnership derives the majority of its revenue from fixed-rate contracts with its customers. This makes its revenue stream more predictable and less exposed to commodity price fluctuations.

Since its inception, Valero Energy Partners has grown rapidly through acquisitions and organic growth. The partnership's growth strategy is focused on acquiring assets from its parent company Valero Energy Corporation, as well as from third parties, that are strategically located and complement its existing assets.

In 2018, Valero Energy Partners agreed to be acquired by Plains All American Pipeline for $950 million. The acquisition was completed in April 2019, and Valero Energy Partners became a wholly owned subsidiary of Plains All American Pipeline.


   


   

Stock Performances by Major Competitors

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Brookfield Infrastructure Corporation

Brookfield Infrastructure Corporation Sees Impressive Revenue Growth Amidst Industry Decline

Financial News Report:
Brookfield Infrastructure Corporation (BIPC) has recently released its financial results for the October to December 31, 2023 time-frame. During this period, BIPC reported zero gain, with no change in earnings per share compared to the previous year and the previous reporting period. This stagnant performance comes as a surprise to many, given that the Natural Gas Utilities industry, on average, experienced a decline of -16.10% in business.
However, BIPC's revenue witnessed a significant jump of 32.715%, reaching $2.50 billion compared to $1.89 billion in the same period a year prior. Sequentially, the revenue growth has been remarkable, as it increased from $0.00 million. This revenue growth is admirable, considering the challenging market conditions faced by the Natural Gas Utilities sector.

Opal Fuels Inc

Opal Fuels Inc Overcomes Challenges to Achieve Impressive Turnaround in 2023

Opal Fuels Inc, a natural gas utilities company, had an impressive turnaround in the fourth quarter of 2023. The company reported earnings per share (EPS) of $0.10, a significant improvement compared to the loss of $0.17 per share in the previous year. Additionally, their income per share turned positive from a loss of $0.01 per share in the previous reporting period.
However, the company experienced a decline in revenue, with a decrease of 48.51% to $87.01 million from $168.98 million in the same period the year before. Nevertheless, there was a positive sequential improvement in revenue, showing a 22.372% increase from $71.10 million.

Summit Midstream Partners Lp

Revenue Surges for Summit Midstream Partners LP, But Profitability Elusive in Q4 2023

Financial News Report:
Summit Midstream Partners LP Posts Loss in Q4 2023, But Revenue Surges by 48.523%
Houston, March 15, 2024 - Summit Midstream Partners LP (NYSE: SMLP) reported a loss per stock at $-2.07 per share in the financial time-frame closing on December 31, 2023. This was a significant improvement from the prior quarter, where the company realized a loss per share of $-0.27. However, despite the loss, SMLP saw a surge in revenue of 48.523% to $127.32 million from the corresponding quarter a year prior. This top-line growth sets SMLP apart from the rest of the Natural Gas Utilities industries, which experienced a decline of -16.03% in revenue.
In the fourth quarter of 2023, Summit Midstream Partners LP reported a net loss of $-15.118 million, compared to a deficit of $-23.864 million in the same quarter of the previous year. Operating earnings fell by -12.17% to $62.28 million, resulting in a decrease in the partnership's operating margin from 82.72% in Q4 2022 to 48.92% in Q4 2023.

Nextdecade Corporation

NextDecade Corporation's Commitment to Sustainable LNG Development Shines Through Despite Fourth Quarter Numbers

NextDecade Corporation has been making significant strides in advancing LNG development for a sustainable future. The company's focus on constructing Phase 1 at the Rio Grande LNG Facility in Brownsville, Texas is a key component of their strategy to meet the growing global demand for clean energy. By leveraging natural gas resources in the Permian Basin and Eagle Ford Shale, NextDecade is committed to providing environmentally friendly energy solutions.
Despite reporting an operating loss in the fourth quarter of 2023, NextDecade Corporation remains focused on achieving long-term value for its shareholders. The company is dedicated to efficiently executing its business strategy and staying on track with its construction timelines at the Rio Grande LNG Facility. While there may be challenges along the way, NextDecade is determined to contribute to building a sustainable future through their LNG infrastructure development.

Stabilis Solutions Inc

SLNG Faces Unpleasant -29.001% Revenue Slump in Most Recent Fiscal Period

Financial News Report:
Stabilis Solutions Inc Achieves Surplus in Financial Year End December 2023
In the financial year ending December 31, 2023, Stabilis Solutions Inc (SLNG) has successfully turned its financials around, posting a surplus and improving its earnings per share (EPS). SLNG reported an EPS of $0.08 per share, a significant improvement from the previous year's EPS of $-0.01. Additionally, the company's earnings per share turned positive, moving from $-0.01 per share in the previous reporting season.
However, SLNG's revenue experienced a decline of -29.001% to $17.83 million from the $25.11 million recorded in the same reporting season a year earlier. Despite this decrease, the company managed to sequentially improve its revenue by 18.48% from $15.05 million.






 

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