Valero Energy Partners: 3Q Earnings Snapshot
SAN ANTONIO (AP) _ Valero Energy Partners LP (VLP) on Thursday reported third-quarter net income of $52.1 million.
On a per-share basis, the San Antonio-based company said it had net income of 75 cents.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The oil pipeline owner posted revenue of $140.6 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $137.9 million.
Valero Energy Partners shares have fallen nearly 5 percent since the beginning of the year. The stock has climbed roughly 3 percent in the last 12 months.