Last $44.54 USD
Change Today -0.56 / -1.24%
Volume 80.2K
OILT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

oiltanking partners lp (OILT) Snapshot

Open
$46.13
Previous Close
$45.10
Day High
$46.24
Day Low
$43.83
52 Week High
09/12/14 - $54.95
52 Week Low
12/19/13 - $29.12
Market Cap
3.7B
Average Volume 10 Days
128.6K
EPS TTM
$1.18
Shares Outstanding
83.1M
EX-Date
10/30/14
P/E TM
37.7x
Dividend
$1.09
Dividend Yield
2.28%
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. As of October 1, 2014, Oiltanking Partners, L.P. operates as a subsidiary of Enterprise Products Partners L.P.

Founded in 2011

oiltanking partners lp (OILT) Top Compensated Officers

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Executives, Board Directors

oiltanking partners lp (OILT) Key Developments

Andrews & Springer LLC Files Class Action Lawsuit Against Oiltanking Partners, L.P

Andrews & Springer LLC announced that a class action lawsuit has been filed by another law firm on behalf of unitholders of Oiltanking Partners, L.P. seeking to challenge the company's recently announced merger. On November 12, 2014, Oiltanking and Enterprise Products Partners L.P. announced the signing of a definitive merger agreement pursuant to which Enterprise will acquire Oiltanking in a merger in a deal worth $1.4 billion. As a result of the merger, Oiltanking unitholders are only anticipated to receive a fixed ratio of 1.3 common units of Enterprise in exchange for each unit of Oiltanking. The consideration that Oiltanking unitholders are expected to receive is insufficient and fails to adequately compensate Oiltanking's unitholders. Analysts at Yahoo! Finance have set a $61.00 per unit price target for Oiltanking, which is approximately 18.67% more than what Oiltanking unitholders are expected to receive based on Enterprise's unit price as of November 21, 2014. Following the merger, Oiltanking unitholders are expected to be substantially diluted owning a smaller percentage of the surviving company. Additionally, the 1.3 fixed exchange ratio restricts the value that Oiltanking unitholders are expected to receive by exposing Oiltanking unitholders to the volatility of Enterprise's unit price. In this year alone, Enterprise has traded as low as $32.32 on February 5, 2014.

Oiltanking Partners, L.P.(NYSE:OILT) added to Alerian MLP Index

Oiltanking Partners LP will be added to the Alerian MLP Index.

Oiltanking Partners, L.P. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2014; Reaffirms Capital Expenditure Guidance for 2014

Oiltanking Partners, L.P. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2014. For the quarter, the company reported revenues of $66,401,000, operating income of $37,595,000, income before income tax expense of $36,801,000, net income of $36,454,000, net income allocated to common unit holders of $14,831,000 or $0.34 per basic and diluted common unit adjusted EBITDA of $44,595,000, compared to the revenues of $58,531,000, operating income of $35,774,000, income before income tax expense of $33,272,000, net income of $32,883,000, net income allocated to common unit holders of $12,735,000 or $0.33 per basic and diluted common unit adjusted EBITDA of $40,957,000, for the same quarter a year ago. For the year to date, the company reported revenues of $195,427,000, operating income of $115,928,000, income before income tax expense of $113,025,000, net income of $111,961,000, net income allocated to common unit holders of $45,128,000 or $1.02 per basic and diluted common unit adjusted EBITDA of $133,819,000, net cash provided by operating activities of $136,325,000, payments for purchase of property, plant and equipment of $200,769,000 compared to the revenues of $150,796,000, operating income of $88,386,000, income before income tax expense of $83,255,000, net income of $82,551,000, net income allocated to common unit holders of $34,039,000 or $0.88 per basic and diluted common unit adjusted EBITDA of $103,040,000, net cash provided by operating activities of $87,845,000, payments for purchase of property, plant and equipment of $135,854,000 for the same period a year ago. The Partnership reaffirms its expectation of capital expenditures to range between $300 million to $320 million for 2014.

 

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OILT

Industry Average

Valuation OILT Industry Range
Price/Earnings 33.2x
Price/Sales 14.7x
Price/Book 7.6x
Price/Cash Flow 27.9x
TEV/Sales 13.5x
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