Valero Energy Partners misses by $0.03, misses on revs
- Reports Q3 (Sep) earnings of $0.65 per share, $0.03 worse thanthe Capital IQ Consensus of $0.68; revenues rose 18.5% year/year to $109 mln vs the $111.09 mln Capital IQ Consensus.
- Increased the cash distribution by 5.5 percent to $0.48 per unit, resulting in a distribution coverage ratio of 1.6x.
- As of September 30, 2017, the Partnership had $836 million of total liquidity consisting of $116 million in cash and cash equivalents and $720 million available on its revolving credit facility.
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