Oil Logistics Company Reports Profit

(San Antonio, TX) -- Oil logistics company Valero Energy Partners LP is reporting a profit. The "San Antonio Business Journal" reports the San Antonio-based company today reported a net income of about 12-million dollars for the fourth quarter of last year. Those are its first quarterly results since being spun off from Valero Energy Corporation. Between the initial public offering, which closed on December 16th, and the end of last year, the master limited partnership had a net income of two-million dollars.