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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating revenues – related party $ 41,886us-gaap_RevenueFromRelatedParties $ 29,489us-gaap_RevenueFromRelatedParties [1],[2]
Costs and expenses:    
Operating expenses 17,864us-gaap_OperatingCostsAndExpenses 16,237us-gaap_OperatingCostsAndExpenses [1]
General and administrative expenses 3,565us-gaap_GeneralAndAdministrativeExpense 3,097us-gaap_GeneralAndAdministrativeExpense [1]
Depreciation expense 7,488us-gaap_DepreciationDepletionAndAmortization 5,916us-gaap_DepreciationDepletionAndAmortization [1]
Total costs and expenses 28,917us-gaap_CostsAndExpenses 25,250us-gaap_CostsAndExpenses [1]
Operating income 12,969us-gaap_OperatingIncomeLoss 4,239us-gaap_OperatingIncomeLoss [1]
Other income, net 111us-gaap_OtherNonoperatingIncomeExpense 666us-gaap_OtherNonoperatingIncomeExpense [1]
Interest and debt expense, net of capitalized interest (601)us-gaap_InterestExpense (228)us-gaap_InterestExpense [1]
Income before income taxes 12,479us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,677us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1]
Income tax expense (benefit) (126)us-gaap_IncomeTaxExpenseBenefit 157us-gaap_IncomeTaxExpenseBenefit [1]
Net income 12,605us-gaap_IncomeLossAttributableToParent 4,520us-gaap_IncomeLossAttributableToParent [1]
Less: Net loss attributable to Predecessor (9,516)vlp_IncomeLossAttributabletoPredecessor (5,962)vlp_IncomeLossAttributabletoPredecessor [1],[3]
Net income attributable to partners 22,121vlp_IncomeLossAttributableToPartners 10,482vlp_IncomeLossAttributableToPartners [1]
Less: General partner’s interest in net income 852us-gaap_NetIncomeLossAllocatedToGeneralPartners 210us-gaap_NetIncomeLossAllocatedToGeneralPartners [1]
Limited partners’ interest in net income $ 21,269us-gaap_NetIncomeLossAllocatedToLimitedPartners $ 10,272us-gaap_NetIncomeLossAllocatedToLimitedPartners [1]
Net income per limited partner unit – (basic and diluted):    
Common units $ 0.37vlp_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicandDilutedNetofTax $ 0.18vlp_NetIncomeLossPerOutstandingLimitedPartnershipUnitBasicandDilutedNetofTax
Subordinated units $ 0.36vlp_NetIncomeLossPerOutstandingSubordinatedLimitedPartnershipUnitBasicandDilutedNetofTax $ 0.18vlp_NetIncomeLossPerOutstandingSubordinatedLimitedPartnershipUnitBasicandDilutedNetofTax
Weighted-average limited partner units outstanding:    
Common units – basic 29,426us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding 28,790us-gaap_WeightedAverageLimitedPartnershipUnitsOutstanding
Common units – diluted 29,426us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted 28,792us-gaap_WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
Subordinated units – basic and diluted 28,790vlp_WeightedAverageNumberofSubordinatedLimitedPartnershipUnitsOutstandingHeldByParentCompanyBasicandDiluted 28,790vlp_WeightedAverageNumberofSubordinatedLimitedPartnershipUnitsOutstandingHeldByParentCompanyBasicandDiluted
Cash distribution declared per unit $ 0.2775us-gaap_DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit $ 0.2125us-gaap_DistributionMadeToLimitedPartnerDistributionsDeclaredPerUnit
[1] Prior period financial information has been retrospectively adjusted for the acquisitions of the Texas Crude Systems Business and the Houston and St. Charles Terminal Services Business from Valero Energy Corporation. See Notes 1 and 3.
[2] Prior period financial information has been retrospectively adjusted for the Acquisitions.
[3] Prior period financial information as of December 31, 2013 and March 31,2014 has been retrospectively adjusted for the acquisitions of the Texas Crude Systems Business and the Houston and St. Charles Terminal Services Business from Valero Energy Corporation. Prior period financial information as of December 31, 2014 has been retrospectively adjusted for the acquisition of the Houston and St. Charles Terminal Services Business from Valero Energy Corporation. See Notes 1 and 3.