Cash Distributions

3 Months Ended

Mar. 31, 2017

Partners' Capital [Abstract]

CASH DISTRIBUTIONS

7. CASH DISTRIBUTIONS

Our partnership agreement prescribes the amount and priority of cash distributions that our limited partners and general partner will receive. Our distributions are declared subsequent to quarter end. The table below summarizes information related to our quarterly cash distributions that have been declared since January 1, 2016:

Quarterly Period Ended	Total Quarterly Distribution (Per Unit)		Total Cash Distribution (In Thousands)		Declaration Date	Record Date	Distribution Date
March 31, 2017	$	0.4275	$	38,043	April 20, 2017	May 2, 2017	May 11, 2017
December 31, 2016	0.4065		34,895		January 20, 2017	February 2, 2017	February 10, 2017
September 30, 2016	0.3850		32,175		October 24, 2016	November 3, 2016	November 10, 2016
June 30, 2016	0.3650		28,912		July 21, 2016	August 1, 2016	August 9, 2016
March 31, 2016	0.3400		25,608		April 21, 2016	May 2, 2016	May 10, 2016
December 31, 2015	0.3200		22,711		January 25, 2016	February 4, 2016	February 11, 2016

The following table reflects the allocation of total cash distributions to the general and limited partners and distribution equivalent right (DER) payments applicable to the period in which the distributions and DERs were earned (in thousands):

	Three Months Ended March 31,
	2017		2016
General partner’s distributions:
General partner’s distributions	$	595	$	512
General partner’s incentive distribution rights (IDRs)	8,307		2,638
Total general partner’s distributions	8,902		3,150
Limited partners’ distributions:
Common – public	9,605		7,310
Common – Valero	19,531		5,355
Subordinated – Valero	—		9,788
Total limited partners’ distributions	29,136		22,453
DERs	5		5
Total cash distributions, including DERs	$	38,043	$	25,608