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VTTI Energy Partners LP

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2016 20-F, filed Apr 28, 2017. Its latest SEC filing is a SC 13G/A from Feb 14, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Provides terminal storage and handling services for refined petroleum products and crude oil to energy companies, distributors, and chemical businesses.

How Did They Make Money?

Customers pay fixed storage and throughput fees monthly in advance, even if they use less than the reserved capacity; extra throughput and ancillary service fees are invoiced at month-end after services are provided and volumes are known.

FY2016 revenue

Who Were Their Customers?

Energy marketers and oil companies, distributors, and chemical and petrochemical companies contract for terminal storage and handling services.

Did Revenues Turn Into Profits?

Yes. It kept 8 cents of every revenue dollar as net income in FY2016 and turned 29 cents into free cash flow.

Operating income, FY2016
41% of revenue
▲ +5% vs FY2015 ($122.9M, 42%)
Net income, FY2016
8% of revenue
▲ +12% vs FY2015 ($22.5M, 8%)
Free cash flow, FY2016
29% of revenue
▼ −36% vs FY2015 ($139.6M, 48%)

How Were They Changing?

Grew. Revenue grew 8% in 1 year, from $289.7M in FY2015 to $312.2M in FY2016, about 8% a year.

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