Valero Energy Parnters IPO Info
Company Name: Valero Energy Parnters
Stock Symbol: VLP
Exchange: NYSE
Status: Priced
IPO Date: 12/11/2013
IPO Price:
23.00 (
49.78%)
Underwriters
JPMorgan, Barclays, Citi, RBC Capital, Wells Fargo
Amount of Offering: N/A
Number of Shares Offered: 15 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Valero Energy Parnters is a fee-based, growth-oriented, traditional master limited partnership recently formed by Valero (NYSE: VLO) to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets.
Financial Data
Brief financial summary for the company: "For the six months ended June 30, 2013 and the year ended December 31, 2012, on a pro forma basis, we had revenues of $46.4 million and $84.4 million, net income of $22.7 million and $33.2 million, and EBITDA of $31.3 million and $48.0 million, respectively. Please read �Selected Historical and Pro Forma Combined Financial Data� for the definition of the term EBITDA and a reconciliation of EBITDA to our most directly comparable financial measures calculated and presented in accordance with GAAP."
SEC Filings
News Headlines
