Last $49.59 USD
Change Today +0.58 / 1.18%
Volume 59.1K
OILT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

oiltanking partners lp (OILT) Snapshot

Open
$49.00
Previous Close
$49.01
Day High
$50.23
Day Low
$48.24
52 Week High
09/12/14 - $54.95
52 Week Low
09/30/13 - $24.67
Market Cap
4.1B
Average Volume 10 Days
68.8K
EPS TTM
$1.17
Shares Outstanding
44.2M
EX-Date
07/30/14
P/E TM
42.6x
Dividend
$1.04
Dividend Yield
1.95%
Current Stock Chart for OILTANKING PARTNERS LP (OILT)

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oiltanking partners lp (OILT) Details

Oiltanking Partners, L.P. provides integrated terminaling, storage, pipeline, and related services for companies engaged in the production, distribution, and marketing of crude oil, refined petroleum products, and LPG in the United States. The company handles crude oil; chemical feedstocks, such as naphtha and condensate; liquefied petroleum gas; and refined petroleum products, including gasoline and distillates. It also operates a crude oil and refined petroleum products terminal on the Houston Ship Channel; and a Beaumont terminal on the Neches River that serves as a regional hub for refined petroleum products for refineries located in the Gulf Coast region. As of December 31, 2012, the company’s Houston terminal had an aggregate active storage capacity of approximately 16.2 million barrels; and Beaumont Terminal had an aggregate active storage capacity of approximately 5.5 million barrels. It serves oil companies, refiners, marketers, distributors, and chemical and petrochemical companies. OTLP GP, LLC serves as the general partner of Oiltanking Partners, L.P. The company was founded in 2011 and is headquartered in Houston, Texas. Oiltanking Partners, L.P. is a subsidiary of Oiltanking Holding Americas, Inc.

Founded in 2011

oiltanking partners lp (OILT) Top Compensated Officers

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Executives, Board Directors

oiltanking partners lp (OILT) Key Developments

Oiltanking Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Oiltanking Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Oiltanking Partners, L.P. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditures Guidance for the Third Quarter and Full Year of 2014

Oiltanking Partners, L.P. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenues were $69,073,000 against $52,079,000 a year ago, due to higher fees in all of service volumes. Operating income was $43,379,000 against $31,378,000 a year ago. Income before income tax expense was $42,659,000 against $29,636,000 a year ago. Net income allocated to common unit holders was $16,343,000 against $11,883,000 a year ago. Net income allocated to subordinated unit holders was $14,416,000 against $11,883,000 a year ago. Basic and diluted earnings per common unit were $0.37 against $0.31 a year ago. Basic and diluted subordinated unit was $0.37 against $0.31 a year ago. Adjusted EBITDA was $48,831,000 against $36,359,000 a year ago. The increased EBITDA was driven substantially by higher revenues, partially offset by higher operating and SG&A expense. Maintenance capital expenditures were $1,463,000 compared to $260,000 for the second quarter of last year. Distributable cash flow was $46.2 million was 35% higher than the same period last year. For the six months, revenues were $129,026,000 against $92,265,000 a year ago. Operating income was $78,333,000 against $52,612,000 a year ago. Income before income tax expense was $76,224,000 against $49,983,000 a year ago. Net income allocated to common unit holders was $30,297,000 against $21,304,000 a year ago. Net income allocated to subordinated unit holders was $26,724,000 against $21,304,000 a year ago. Basic and diluted earnings per common unit were $0.69 against $0.55 a year ago. Basic and diluted subordinated unit was $0.69 against $0.55 a year ago. Net cash provided by operating activities was $67,339,000 against $48,426,000 a year ago. Payments for purchase of property, plant and equipment was $90,450,000 against $95,920,000 a year ago. Adjusted EBITDA was $89,224,000 against $62,083,000 a year ago. Maintenance capital expenditures were $2,829,000 compared to $995,000 a year ago. The company increased its estimate of 2014 capital expenditures by $50 million primarily to reflect its investment in the Beaumont crude expansion the company announced in June, and it now expects to spend between $300 million and $320 million year 2014. The company expects higher maintenance and capital expenditures in the third quarter than $1.5 million, spent in the second quarter of 2014, and a $1.3 million spent during the first quarter of 2014.

Oiltanking Partners, L.P. Announces Cash Quarterly Distribution for the Second Quarter of 2014, Payable on August 14, 2014

Oiltanking Partners, L.P. announced that the board of directors of its general partner declared a cash distribution of $0.26 per unit, or $1.04 per unit on an annualized basis, for the second quarter of 2014. The Partnership completed a two-for-one common and subordinated unit split on July 14, 2014. For the prior quarter, $0.495 was distributed to unitholders, which would be equivalent to $0.2475 on a split adjusted basis. The second quarter distribution represents a 5.1% increase over the prior quarter distribution and a 22.4% increase over the prior year distribution of $0.425 ($0.2125 on a split adjusted basis) per unit. The distribution will be paid on August 14, 2014, to unitholders of record on August 1, 2014.

 

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OILT

Industry Average

Valuation OILT Industry Range
Price/Earnings 36.3x
Price/Sales 16.4x
Price/Book 8.4x
Price/Cash Flow 31.0x
TEV/Sales 15.5x
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