Last $78.74 USD
Change Today +0.86 / 1.10%
Volume 52.2K
OILT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

oiltanking partners lp (OILT) Snapshot

Open
$77.88
Previous Close
$77.88
Day High
$79.89
Day Low
$77.53
52 Week High
04/2/14 - $80.93
52 Week Low
06/4/13 - $46.50
Market Cap
3.3B
Average Volume 10 Days
38.1K
EPS TTM
$2.42
Shares Outstanding
22.0M
EX-Date
01/30/14
P/E TM
32.5x
Dividend
$1.88
Dividend Yield
2.22%
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

ANZ Terminals May Be Sold; Morningside And Others Reportedly Interested

ANZ Terminals Pty. Ltd. is to be sold. The sale process is shaping up with some strategic investors and infrastructure funds ushered through to the second round recently. Morningside Private Investors Limited and its advisor, UBS submitted an indicative bid on March 6, 2014. Some prospective buyers were given an extra time to bid. Oiltanking Partners, L.P. (NYSE:OILT), Infratil Limited (NZSE:IFT) managed by HRL Morrison & Co Limited, RREEF America L.L.C. (Deutsche Asset & Wealth Management) (RREEF Infrastructure), and The Retail Employees Superannuation Trust (REST Super) are among possible buyers. In terms of advisers, RREEF Infrastructure has appointed KPMG Corporate Finance and Macquarie Capital while Infratil is working with Aurecon; and REST Super is taking its counsel from GHD. Second-round bids are due at the end of May 2014.

Oiltanking Partners, L.P. Names Kenneth Owen as President and CEO

Oiltanking Partners LP named Kenneth Owen as president and CEO. Owen replaces Anne-Marie Ainsworth, who has resigned as president and CEO. Ainsworth also gave up her board seat of the general partner, which will be taken on by Owen. Owen has been with the company since March 2011, most recently serving as terminal manager of the Houston terminals. As terminal manager, he oversaw the daily operations of Oiltanking Houston, which includes Houston and Appelt terminals. Prior to that role, Owen was vice president and CFO for the company.

Oiltanking Partners, L.P. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Unaudited Operating Results for the Fourth Quarter and Full Year Ended December 31, 2013

Oiltanking Partners, L.P. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $60,154,000 against $34,061,000 for the same period in the last year. Operating income was $37,114,000 against $16,006,000 for the same period in the last year. Income before income tax expense was $34,895,000 against $15,514,000 for the same period in the last year. Net income allocated to general partner was $7,623,000 against $237,000 for the same period in the last year. Net income allocated to common unitholders was $14,287,000 against $5,807,000 for the same period in the last year. Net income allocated to subordinated unitholders was $12,602,000 or $0.65 per basic and diluted share against $5,807,000 or $0.30 per basic and diluted share for the same period in the last year. Earnings per basic and diluted limited partner common unit were $0.69 against $0.30 for the same period in the last year. For the year, the company reported revenues of $60,154,000 against $34,061,000 for the same period in the last year. Operating income was $125,500,000 against $64,702,000 for the same period in the last year. Income before income tax expense was $118,150,000 against $63,221,000 for the same period in the last year. Net income allocated to general partner was $22,096,000 against $1,489,000 for the same period in the last year. Net income allocated to common unitholders was $48,326,000 against $30,578,000 for the same period in the last year. Net income allocated to subordinated unitholders was $46,641,000 or $2.40 per basic and diluted share against $30,578,000 or $1.57 per basic and diluted share for the same period in the last year. Earnings per basic and diluted limited partner common unit were $2.45 against $1.57 for the same period in the last year. Net cash provided by operating activities was $134,301,000 against $75,254,000 for the same period in the last year. Payments for purchase of property, plant and equipment were $180,672,000 against $149,827,000 for the same period in the last year. Purchase of intangible assets was $3,739,000 for 2013. The company reported unaudited operating results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported terminal throughput of 1,143,800 barrels per day against 823,000 barrels per day for the same period in the last year. For the year, the company reported terminal throughput of 1,064,300 barrels per day against 822,200 barrels per day for the same period in the last year.

 

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OILT

Industry Average

Valuation OILT Industry Range
Price/Earnings 32.5x
Price/Sales 14.9x
Price/Book 7.0x
Price/Cash Flow 28.3x
TEV/Sales 14.4x
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