Cash Distributions

6 Months Ended

Jun. 30, 2018


6.	CASH DISTRIBUTIONS

Our partnership agreement prescribes the amount and priority of cash distributions that our limited partners and general partner will receive. Our distributions are declared subsequent to quarter end. The table below summarizes information related to our quarterly cash distributions that have been declared since January 1, 2017:

Quarterly

Period

Ended

Total
Quarterly
Distribution
(per unit)

Total Cash
Distribution
(in thousands)

Declaration
Date

Record
Date

Distribution
Date

June 30, 2018

0.5510

56,081

July 23, 2018

August 3, 2018

August 13, 2018

March 31, 2018

0.5275

52,826

April 19, 2018

May 1, 2018

May 9, 2018

December 31, 2017

0.5075

50,055

January 24, 2018

February 5, 2018

February 13, 2018

September 30, 2017

0.4800

46,242

October 19, 2017

November 1, 2017

November 9, 2017

June 30, 2017

0.4550

42,111

July 19, 2017

August 1, 2017

August 10, 2017

March 31, 2017

0.4275

38,043

April 20, 2017

May 2, 2017

May 11, 2017

December 31, 2016

0.4065

34,895

January 20, 2017

February 2, 2017

February 10, 2017

The following table reflects the allocation of total cash distributions to the general and limited partners and distribution equivalent right (DER) payments applicable to the period in which the distributions and DERs were earned (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
General partner:
Distributions, excluding incentive distribution rights (IDRs)	$	1,122	$	842	$	2,178	$	1,437
IDRs	16,796		10,250		32,030		18,557
Total general partner’s distributions	17,918		11,092		34,208		19,994
Limited partners:
Common – public	12,387		10,226		24,246		19,831
Common – Valero	25,769		20,788		50,440		40,319
Total limited partners’ distributions	38,156		31,014		74,686		60,150
DERs	7		5		13		10
Total cash distributions	$	56,081	$	42,111	$	108,907	$	80,154

VALERO ENERGY PARTNERS LP 10-Q