Exhibit 99.01




Valero Energy Partners LP Reports 2014 Fourth Quarter and
Full Year Results

Fourth quarter EBITDA of $23.7 million and distributable cash flow of $22.6 million
Increased the fourth quarter cash distribution to $0.266 per common unit, or 25 percent above the minimum quarterly distribution and 11 percent over the third quarter 2014 cash distribution
Expect $1 billion of acquisition transactions in 2015 from our sponsor, Valero Energy Corporation

SAN ANTONIO, February 5, 2015 - Valero Energy Partners LP (NYSE: VLP, the Partnership), today reported fourth quarter 2014 net income of $19.1 million, or $0.32 per limited partner unit. The Partnership generated earnings before interest, income taxes, depreciation, and amortization (EBITDA) of $23.7 million and distributable cash flow of $22.6 million. The Partnership’s coverage ratio for the fourth quarter of 2014 was 1.43x.

Fourth quarter 2014 revenues were $34.2 million versus fourth quarter 2013 revenues of $33.1 million. The increase was related primarily to higher throughput volumes in the Memphis and Port Arthur Logistics Systems and in the Three Rivers Crude System.

Operating expenses in the fourth quarter of 2014 were $7.7 million, general and administrative expenses were $2.9 million, and depreciation expense was $4.4 million. These expenses combined were $1.0 million lower than in the fourth quarter of 2013, mainly due to lower maintenance expense, which was partially offset by additional costs of operating as a separate publicly traded master limited partnership, incremental costs related to the management fee charged by Valero Energy Corporation (Valero), and costs related to the retirement of assets replaced in the Memphis Logistics System.

“The Partnership finished its fourth quarter and first full year with strong performance,” said Valero Chairman and CEO Joe Gorder. “In January 2015, we announced an increase in the Partnership’s quarterly distribution to $0.266 per unit, or almost 11 percent above the previous quarterly distribution and 25 percent above the minimum quarterly distribution. We are pleased to have delivered to our unitholders growth in distributions near the top end of our targeted range.”

Liquidity and Financial Position
As of December 31, 2014, the Partnership had $537 million of total liquidity consisting of $237 million in cash and cash equivalents and $300 million in an undrawn revolving credit facility. Capital spending in 2014 was $11.2 million, including $4.7 million for maintenance capital. Excluding expected acquisitions, estimated total 2015 capital expenditures are approximately $9 million, of which about half is maintenance capital.



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The following information was filed by Valero Energy Partners Lp (VLP) on Thursday, February 5, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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