Company Information

  

Address: 725 FIFTH AVENUE
19TH FLOOR 
City: NEW YORK 
State: NY 
Zip Code: 10022 
Telephone: (212) 993-1280 

Description of Business

Primary SIC Code: 5171
(As filed with the SEC)  

We are a fee-based, growth-oriented Delaware limited partnership formed by our Sponsor to own, operate, develop and acquire a diversified portfolio of complementary energy logistics assets. We are principally engaged in the terminalling, storage, throughput and transloading of crude oil and petroleum products. We are focused on growing our business through the optimization, organic development and acquisition of terminalling, storage, rail, pipeline and other energy logistics assets. Our primary business objective is to generate stable cash flows that enable us to pay quarterly cash distributions to unitholders and, over time, increase quarterly cash distributions. We intend to achieve this objective by evaluating long-term infrastructure needs in the areas we serve and by growing our network of energy logistics assets through expansion of existing facilities, constructing new facilities in existing or new markets and completing strategic acquisitions.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20170.710.44021.39
03/20170.800.44017.81
12/20160.830.44019.19
09/20160.660.44022.80
06/20160.730.44017.81
03/20160.530.44019.30
12/20150.390.44034.03
09/2015-0.090.440N/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.09Total Liab/Total Assets0.56
Net Inc/Total Assets0.04Total Liab/Inv Cap0.57
Net Inc/Inv Cap0.04Total Liab/Comm Equity-1.28
Pretax Inc/Net Sales0.21Interest Coverage Ratio3.25
Net Inc/Net Sales0.24Curr Debt/EquityNA
Cash Flow/Net Sales0.53LTD/EquityNA
SG&A/NetSales0.18Total Debt/EquityNA
Asset Utilization   Liquidity  
Net Receivables Turnover10.68Quick Ratio1.23
Inventory Turnover94.40Current Ratio1.26
Inventory Day Sales0.23Net Rec/Curr Assets0.58
Net Sales/Work Cap30.66Inv/Curr Assets0.02
Net Sales/PP&E0.27  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 26.59 25.93 26.40 26.67
Cost of Goods Sold 8.87 8.87 8.64 8.19
Selling & Admin Exps 4.64 4.82 5.09 5.33
Operating Income 5.00 4.11 4.63 5.50
Interest Exp 2.87 2.65 2.58 2.48
Pretax Income 4.57 3.82 4.47 5.54
Other Income NA NA 0.00 NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 5.67 4.83 5.43 6.46

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 1.46 1.76 4.58 4.39
Receivables - Total 9.89 9.77 9.58 9.62
Inventories - Total 0.37 0.37 0.40 0.40
Total Current Assets 14.13 14.24 16.62 16.02
Net Property, Plant & Equipment 395.17 395.01 395.51 396.70
Total Assets 639.16 642.64 648.41 651.48
Liabilities        
Accounts Payable 10.60 10.91 10.22 10.76
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities 13.51 13.76 13.18 12.96
Long-Term Debt 252.00 249.50 249.00 246.00
Total Liabilities 364.25 362.92 363.53 362.27
Stockholder's Equity        
Minority Interest 79.42 80.27 81.54 82.71
Preferred Stock NA NA NA NA
Common Stock NA NA NA NA
Retained Earnings NA NA NA NA
Treasury Stock NA NA NA NA
Total Stockholders' Equity NA NA NA NA
Total Liabilities and Stockholders' Equity NA NA NA NA

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 13.45 11.54 12.33 15.67
Net Cash Provided by Investing Activities -4.33 -2.56 -3.45 -9.26
Net Cash Provided by Financing Activities -9.42 -11.81 -8.70 -9.01

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201222.865.42--
12/201347.8414.140.10
12/201454.9111.170.05
12/201581.7916.460.39
12/2016105.3824.890.83
Growth Rates46.5246.37--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17318,00740.97




Report Date : 10/16/2017

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