Valero Energy Partners LP
VLP
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- IPO Date
- Dec 11, 2013
- Similar Companies
- Business
- Valero Energy Partners LP (NYSE: VLP) operates as a master limited partnership focused on owning, operating, developing, and acquiring crude oil and refined petroleum products pipelines, terminals, and related transportation and logistics infrastructure in the United States. The partnership's core assets comprise intrastate crude oil and refined products pipeline systems and terminals located primarily in the U.S. Gulf Coast and Mid-Continent regions, which support the operations of ten Valero Energy Corporation refineries through fee-based contracts for gathering, transporting, terminalling, and storing hydrocarbons; these include key facilities such as the Memphis Utility Area Products Pipeline System, St. Charles Terminaling and Storage Services, and Bryan Dock crude oil terminal connected to Valero's Three Rivers refinery. Headquartered in San Antonio, Texas, and formed in 2013 as a subsidiary of Valero Energy Corporation, which holds all general partner and limited partner interests following its full acquisition, the partnership generates stable cash flows from long-term, take-or-pay agreements with minimal direct commodity price exposure. In a significant strategic development, Valero Energy Corporation completed the acquisition of all publicly held common units of Valero Energy Partners LP in January 2019 for approximately $950 million at $42.25 per unit, delisting the common units from the New York Stock Exchange effective January 10, 2019, and fully consolidating the partnership's midstream assets within its refining logistics operations. This merger enhanced Valero's vertical integration by internalizing control over critical pipeline and terminal infrastructure serving its Gulf Coast refineries, eliminating public reporting requirements for VLP, and aligning incentives for sustained asset growth and efficiency. No major acquisitions, partnerships, funding rounds, or operational reorganizations have been reported for the partnership since the 2019 merger, with its assets continuing to underpin Valero Energy Corporation's midstream segment amid the parent's ongoing expansions in refining throughput and renewable diesel production. The partnership primarily serves Valero Energy Corporation as its key customer base across Texas, Oklahoma, Arkansas, Tennessee, and Louisiana, contributing to the broader energy sector's supply chain reliability.