Valero Energy Has Strong Third Quarter: Assets Insulated from Energy Malaise, Ample Growth Pipeline
Valero Energy Partners reported third-quarter results ahead of consensus expectations as a surge in volumes from its terminalling assets drove strong top-line performance. In part due to the addition of the Meraux and Three Rivers terminals into its system, the Partnership grew its terminalling throughput by nearly 20% in the third quarter. The firm reported quarterly revenue of $92 million, up nearly 40% from 2015. This exceeded consensus expectations of $90 million but was considerably lower t...
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