Valero Energy Partners LP Announces 87% Gain In Q1 Profit

(RTTNews) - Valero Energy Partners LP (VLP) revealed a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $39.79 million, or $0.61 per share. This was up from $21.27 million, or $0.36 per share, in last year's first quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 88.0% to $78.77 million. This was up from $41.89 million last year.

Valero Energy Partners LP earnings at a glance:

-Earnings (Q1): $39.79 Mln. vs. $21.27 Mln. last year. -Earnings Growth (Y-o-Y): 87.1% -EPS (Q1): $0.61 vs. $0.36 last year. -EPS Growth (Y-o-Y): 69.4% -Analysts Estimate: $0.64 -Revenue (Q1): $78.77 Mln vs. $41.89 Mln last year. -Revenue Change (Y-o-Y): 88.0%