Valero LP meets Q1 estimates

May 14, 2014

Valero Energy Partners (VLP) earned 18 cents per partner unit, matching Q1 views on revenue of $22.6 mil. In its 1st quarterly report since its Dec. '13 IPO spinoff from Valero Energy, Valero reported lower volumes in its Memphis logistics system due to unusually severe winter weather. The decreases were partially offset by higher volumes in its Lucas crude system. Valero shares rose 0.1% to 43.52.