VALERO ENERGY PARTNERS (VLP) owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets.
VALERO ENERGY PARTNERS (VLP)
newlonkongCIO
Posted in Commodities, Growth, Infrastructures, NewLonKongPrograms, To Long
—
6 Comments ↓
Transcript of VLP earnings conference call or presentation 28-Jul-17
read at
https://finance.yahoo.com/news/edited-transcript-vlp-earnings-conference-165247079.html
VLP (Velaro Energy Partners) is a good company to own, it has steady growth (>10% annually) both in revenue and earnings, and good dividend.
Its business is less dependent on oil prices.
Valero Energy Partners to Announce Second Quarter 2017 Earnings Results on July 28, 2017
Valero Energy Partners (VLP) as an infrastructure company has huge growth ahead according to Zacks forecast on June 5, 2017 : The Earnings Per Share EPS is 2.73, 3.13 , and 3.58 USD for years 2016, 2017, and 2018.
Good to own for long term steady income.
2017Q1: Sales 106 m, compared to 104m in 2016Q4 and 79m in 2016Q1. A huge increase .
The growth mainly comes from M & A.
Net profit for Q1 is 58m or $ 0.72 per unit. A simple multiplication gives 4 x 0.72 = 2.9 USD per unit for Year 2017. Given the latest share prices of 46.5 USD , PE = 16.
Dividend for Year 2017 ~ 0.4275 x 4 = USD 1.71, annual yield = 1.71/46.5 = 3.67 %.
The Partnership is targeting annual distribution growth of 25 percent for 2017 and at least 20 percent for 2018.
A safe buy at this level.
Read at
https://finance.yahoo.com/news/valero-energy-partners-lp-reports-111122028.html
It is a safe investment, without exposure to oil price fluctuation, but have growth and dividends !
Revenue has been growing every quarter in the past 5 quarters.
Good business.
PE = 46.97/2.73 = 17.2.
Wait for its 2017Q1 announcement tomorrow.
Valero Shares Undervalued – Fair Value At $95
read at
https://seekingalpha.com/article/4062881-valero-shares-undervalued-fair-value-95
Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.2 Percent
read at
http://finance.yahoo.com/news/valero-energy-partners-lp-increases-202652699.html
High growth mid-stream company in the US, low valuation.
Buy