Valero Energy Partners (VLP) 10-Q 8 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 28, 2017
Entity Information
Entity Registrant Name	VALERO ENERGY PARTNERS LP
Entity Central Index Key	1,583,103
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Unitholders Public [Member]
Entity Information
Entity Common Stock, Units Outstanding		68,174,857
General Partner Valero [Member]
Entity Information
Entity Common Stock, Units Outstanding		1,391,323

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 87,977	$ 71,491
Receivables – related party	35,439	36,889
Receivables	809	1,682
Prepaid expenses and other	631	997
Total current assets	124,856	111,059
Property and equipment, at cost	1,318,911	1,216,288
Accumulated depreciation	(374,109)	(351,208)
Property and equipment, net	944,802	865,080
Deferred charges and other assets, net	2,759	3,118
Total assets	1,072,417	979,257
Current liabilities:
Accounts payable	9,669	10,652
Accounts payable – related party	6,693	7,348
Accrued liabilities	752	870
Accrued liabilities – related party	178	192
Accrued interest payable	976	1,280
Accrued interest payable – related party	786	47
Taxes other than income taxes	2,894	2,457
Deferred revenue – related party	368	3,525
Total current liabilities	22,316	26,371
Debt	525,072	525,355
Notes payable – related party	370,000	370,000
Other long-term liabilities	1,888	1,707
Commitments and contingencies
Partners’ capital:
Total partners’ capital	153,141	55,824
Total liabilities and partners’ capital	1,072,417	979,257
Limited Partner [Member] | Common Unitholders Public [Member]
Partners’ capital:
Limited partners	579,002	548,619
Total partners’ capital	579,002	548,619
Limited Partner [Member] | Common Unitholder Valero [Member]
Partners’ capital:
Limited partners	(417,210)	(482,197)
Total partners’ capital	(417,210)	(482,197)
General Partner Valero [Member]
Partners’ capital:
General partner – Valero	(8,651)	(10,598)
Total partners’ capital	$ (8,651)	$ (10,598)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2017	Dec. 31, 2016
Limited Partner [Member] | Common Unitholders Public [Member]
Partners’ capital:
Limited partner, units outstanding (shares)	22,487,586	21,738,692
Limited Partner [Member] | Common Unitholder Valero [Member]
Partners’ capital:
Limited partner, units outstanding (shares)	45,687,271	45,687,271
General Partner Valero [Member]
Partners’ capital:
General partner – Valero, units outstanding (shares)	1,391,323	1,375,721

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016		Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Operating revenues – related party		$ 110,545	$ 87,664	[1]	$ 216,361	$ 166,431	[1]
Costs and expenses:
Operating expenses	[2]	27,055	24,086	[1]	50,600	48,372	[1]
General and administrative expenses	[3]	3,863	3,715	[1]	7,693	8,080	[1]
Depreciation expense		12,505	11,821	[1]	24,280	23,333	[1]
Total costs and expenses		43,423	39,622	[1]	82,573	79,785	[1]
Operating income		67,122	48,042	[1]	133,788	86,646	[1]
Other income, net		182	57	[1]	246	134	[1]
Interest and debt expense, net of capitalized interest	[4]	(8,551)	(3,251)	[1]	(16,840)	(5,910)	[1]
Income before income taxes		58,753	44,848	[1]	117,194	80,870	[1]
Income tax expense		310	303	[1]	614	545	[1]
Net income		58,443	44,545	[1]	116,580	80,325	[1]
Less: Net loss attributable to Predecessor		0	(4,902)	[1]	0	(12,420)	[1]
Net income attributable to partners		58,443	49,447	[1]	116,580	92,745	[1]
Less: General partner’s interest in net income		11,419	5,213	[1]	20,886	8,717	[1]
Limited partners’ interest in net income		$ 47,024	$ 44,234	[1]	$ 95,694	$ 84,028	[1]
Net income per limited partner unit – basic and diluted:
Common units (in dollars per share)		$ 0.69	$ 0.67	[1]	$ 1.41	$ 1.28	[1]
Subordinated units (in dollars per share)		$ 0	$ 0.67	[1]	$ 0	$ 1.28	[1]
Weighted-average limited partner units outstanding:
Common units – basic and diluted (shares)		68,157	37,248	[1]	67,912	36,884	[1]
Subordinated units – basic and diluted (shares)		0	28,790	[1]	0	28,790	[1]
Cash distribution declared (dollars per unit)		$ 0.4550	$ 0.3650		$ 0.8825	$ 0.7050
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.
[2]	Includes operating expenses – related party of $16,136 thousand and $15,185 thousand for the three months ended June 30, 2017 and 2016, respectively, and $31,768 thousand and $30,268 thousand for the six months ended June 30, 2017 and 2016, respectively.
[3]	Includes general and administrative expenses – related party of $3,185 thousand and $3,135 thousand for the three months ended June 30, 2017 and 2016, respectively, and $6,371 thousand and $6,197 thousand for the six months ended June 30, 2017 and 2016, respectively.
[4]	Includes interest and debt expense – related party of $2,343 thousand and $1,584 thousand for the three months ended June 30, 2017 and 2016, respectively, and $4,450 thousand and $3,150 thousand for the six months ended June 30, 2017 and 2016, respectively.

Consolidated Statements of Inc5

Consolidated Statements of Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Supplemental information:
(b) Operating expenses – related party	$ 16,136	$ 15,185	$ 31,768	$ 30,268
(c) General and administrative expenses – related party	3,185	3,135	6,371	6,197
(d) Interest and debt expense – related party	$ 2,343	$ 1,584	$ 4,450	$ 3,150

Consolidated Statements of Part

Consolidated Statements of Partners' Capital (unaudited) - USD ($) $ in Thousands		Total		Limited Partner [Member]Common Unitholders Public [Member]	Limited Partner [Member]Common Unitholder Valero [Member]	Limited Partner [Member]Subordinated Unitholder Valero [Member]	General Partner Valero [Member]	Net Investment [Member]
Beginning balance at Dec. 31, 2015		$ 394,152		$ 581,489	$ 28,430	$ (313,961)	$ (5,805)	$ 103,999
Net income (loss):
Net income attributable to Predecessor	[1]	(12,420)		0	0	0	0	(12,420)
Net income attributable to partners		92,745	[1]	27,503	19,699	36,826	8,717	0
Net transfers from Valero Energy Corporation	[1]	11,588		0	0	0	0	11,588
Allocation of Valero Energy Corporation’s net investment in the McKee Terminal Services Business		0		0	17,088	32,758	1,515	(51,361)
Consideration paid to Valero Energy Corporation for the acquisition of the McKee Terminal Services Business		(240,000)		0	(79,848)	(153,067)	(7,085)	0
Units issued to Valero Energy Corporation in connection with the acquisition of the McKee Terminal Services Business		36,000		0	35,280	0	720	0
Offering costs		(6)		(6)	0	0	0	0
Noncash capital contributions from Valero Energy Corporation		15,978		0	5,407	10,101	470	0
Cash distributions to unitholders and distribution equivalent right payments		(48,319)		(14,198)	(10,161)	(19,001)	(4,959)	0
Unit-based compensation		93		93	0	0	0	0
Ending balance at Jun. 30, 2016	[1]	249,811		594,881	15,895	(406,344)	(6,427)	51,806
Beginning balance at Dec. 31, 2016		55,824		548,619	(482,197)	0	(10,598)	0
Net income (loss):
Net income attributable to Predecessor		0
Net income attributable to partners		116,580		31,311	64,383	0	20,886	0
Transfers to (from) partners		0		(16,097)	19,816	0	(3,719)	0
Unit issuance		34,253		33,505	0	0	748	0
Noncash capital contributions from Valero Energy Corporation		19,276		0	18,890	0	386	0
Cash distributions to unitholders and distribution equivalent right payments		(72,938)		(18,482)	(38,102)	0	(16,354)	0
Unit-based compensation		146		146	0	0	0	0
Ending balance at Jun. 30, 2017		$ 153,141		$ 579,002	$ (417,210)	$ 0	$ (8,651)	$ 0
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 116,580	$ 80,325	[1]
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	24,280	23,333	[1]
Changes in current assets and current liabilities	(734)	(3,442)	[1]
Changes in deferred charges and credits and other operating activities, net	856	468	[1]
Net cash provided by operating activities	140,982	100,684	[1]
Cash flows from investing activities:
Capital expenditures	(15,240)	(11,606)	[1]
Acquisition of interest in crude system and terminal services business		(51,361)
Other investing activities, net	8	18	[1]
Net cash used in investing activities	(87,025)	(62,949)	[1]
Cash flows from financing activities:
Proceeds from debt borrowings	0	139,000	[1]
Repayment of capital lease obligations	0	(663)	[1]
Payment of debt issuance costs	(492)	0	[1]
Proceeds from issuance of common units	35,728	0	[1]
Proceeds from issuance of general partner units	748	0	[1]
Payment of offering costs	(517)	(108)	[1]
Excess purchase price paid to Valero Energy Corporation over the carrying value of the McKee Terminal Services Business	0	(152,639)	[1]
Cash distributions to unitholders and distribution equivalent right payments	(72,938)	(48,319)	[1]
Net transfers from Valero Energy Corporation	0	11,378	[1]
Net cash used in financing activities	(37,471)	(51,351)	[1]
Net increase (decrease) in cash and cash equivalents	16,486	(13,616)	[1]
Cash and cash equivalents at beginning of period	71,491	80,783	[1]
Cash and cash equivalents at end of period	87,977	67,167	[1]
McKee Terminal Services Business [Member]
Cash flows from investing activities:
Acquisition of interest in crude system and terminal services business	0	(51,361)	[1]
Red River Crude System [Member]
Cash flows from investing activities:
Acquisition of interest in crude system and terminal services business	$ (71,793)	$ 0	[1]
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Description of Business, Basis

Description of Business, Basis of Presentation, and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES	1. DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION, AND SIGNIFICANT ACCOUNTING POLICIES Description of Business Valero Energy Partners LP (the Partnership) is a fee-based, master limited partnership formed by Valero (defined below) in July 2013 to own, operate, develop, and acquire crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. References in this report to “Partnership,” “we,” “us,” or “our” refer to Valero Energy Partners LP, one or more of its subsidiaries, or all of them taken as a whole. References in this report to “Valero” refer collectively to Valero Energy Corporation and its subsidiaries, other than Valero Energy Partners LP, any of its subsidiaries, or its general partner. We acquired from Valero the McKee Terminal Services Business on April 1, 2016 and the Meraux and Three Rivers Terminal Services Business on September 1, 2016. On January 18, 2017, we acquired the Red River crude system (defined in Note 2 ). See Note 2 for further discussion of these acquisitions. Our assets consist of crude oil and refined petroleum products pipeline and terminal systems in the United States (U.S.) Gulf Coast and U.S. Mid-Continent regions that are integral to the operations of ten of Valero’s refineries. We generate operating revenues by providing fee-based transportation and terminaling services to Valero. Basis of Presentation General These unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature unless disclosed otherwise. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. The balance sheet as of December 31, 2016 has been derived from our audited financial statements as of that date. For further information, refer to our financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2016 . Acquisitions from Valero The acquisitions from Valero noted above were accounted for as transfers of businesses between entities under the common control of Valero. Accordingly, we recorded these acquisitions on our balance sheet at Valero’s carrying value as of the beginning of the period of transfer, and we retrospectively adjusted prior period financial statements and financial information to furnish comparative information. We refer to the historical results of the transferred assets from Valero prior to their transfer to us as those of our “Predecessor.” The combined financial statements of our Predecessor were derived from the consolidated financial statements and accounting records of Valero and reflect the combined historical financial position, results of operations, and cash flows of our Predecessor as if the acquisitions from Valero had been combined for periods prior to the effective dates of each acquisition. There were no transactions between the operations of our Predecessor; therefore, there were no intercompany transactions or accounts to be eliminated in connection with the combination of those operations. In addition, our Predecessor’s statements of income include direct charges for the management and operation of our assets and certain expenses allocated by Valero for general corporate services, such as treasury, accounting, and legal services. These expenses were charged, or allocated, to our Predecessor based on the nature of the expenses. Prior to the acquisitions from Valero, our Predecessor transferred cash to Valero daily and Valero funded our Predecessor’s operating and investing activities as needed. Therefore, transfers of cash to and from Valero’s cash management system are reflected as a component of net investment and are reflected as a financing activity in our statements of cash flows. In addition, interest expense was not included on the net cash transfers from Valero. The financial information presented for the periods after the effective dates of each acquisition represents the consolidated financial position, results of operations, and cash flows of the Partnership. Reclassifications Certain amounts reported as of December 31, 2016 and for the six months ended June 30, 2016 have been reclassified to conform to the 2017 presentation. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. On an ongoing basis, we review our estimates based on currently available information. Changes in facts and circumstances may result in revised estimates. Accounting Pronouncement Adopted During the Period In January 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-01, “Business Combinations (Topic 805),” to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The provisions of this ASU provide a more robust framework to use in determining when a set of assets and activities is a business by clarifying the requirements related to inputs, processes, and outputs. These provisions are to be applied prospectively and are effective for annual reporting periods beginning after December 15, 2017, with early adoption permitted. Our early adoption of this ASU effective January 1, 2017 did not have an effect on our financial position or results of operations. However, more of our future acquisitions may be accounted for as asset acquisitions. Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” to clarify the principles for recognizing revenue. This new standard is effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual periods. We recently completed our evaluation of the provisions of this standard and concluded that our adoption will not materially change the amount or timing of revenues recognized by us, nor will it materially affect our financial position. As described in our revenue recognition policy, our revenues are generated from the transportation of crude oil and refined petroleum products through our pipelines and terminals. These revenues are based on the volume (barrels) of crude oil and refined petroleum products transported at contracted rates per barrel, and we recognize these revenues upon completion of the transportation service, which is the point when our performance obligation is fulfilled. As also described in our revenue recognition policy, certain of our commercial agreements are considered operating leases under U.S. GAAP. The scope of the new standard does not extend to revenues generated by lease arrangements; therefore, lease revenues generated by us will continue to be accounted for under existing accounting standards and be reflected in a separate revenue line item on our statement of income. We will adopt this new standard effective January 1, 2018, and we expect to use the modified retrospective method of adoption as permitted by the standard. Under that method, the cumulative effect of initially applying the standard is recognized as an adjustment to the opening balance of partners’ capital, and revenues reported in the periods prior to the date of adoption are not changed. We do not, however, expect to make such an adjustment to partners’ capital. During 2017, we are developing our revenue disclosures and enhancing our accounting systems. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10),” to enhance the reporting model for financial instruments regarding certain aspects of recognition, measurement, presentation, and disclosure. The provisions of this ASU are effective for annual reporting periods beginning after December 15, 2017, and interim reporting periods within those annual periods. This ASU is to be applied using a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The adoption of this ASU effective January 1, 2018 will not affect our financial position or results of operations, but will result in revised disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new standard is effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within those annual periods, with early adoption permitted. We will adopt this new standard on January 1, 2019 and we expect to use the modified retrospective method of adoption as permitted by the standard. We are developing enhanced contracting and lease evaluation processes and information systems to support such processes, as well as new and enhanced accounting systems to account for our leases and support the required disclosures. We continue to evaluate the effect that adopting this standard will have on our financial statements and related disclosures.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
ACQUISITIONS	2. ACQUISITIONS Acquisitions in 2016 McKee Terminal Services Business Effective April 1, 2016 , we acquired from Valero a subsidiary that owns and operates a crude oil, intermediates, and refined petroleum products terminal supporting Valero’s McKee Refinery for total consideration of $240.0 million , which consisted of (i) a cash distribution of $204.0 million and (ii) the issuance of 728,775 common units and 14,873 general partner units to Valero having an aggregate value of $36.0 million . We funded the cash distribution with $65.0 million of our cash on hand and $139.0 million of borrowings under our revolving credit facility. See Note 5 for further discussion of the borrowings under our revolving credit facility. This acquisition was accounted for as an acquisition of a business. See Note 1 for a further discussion about the accounting and basis of presentation of this acquisition. Meraux and Three Rivers Terminal Services Business Effective September 1, 2016 , we acquired from Valero two subsidiaries that own and operate crude oil, intermediates, and refined petroleum products terminals supporting Valero’s Meraux and Three Rivers Refineries for total consideration of $325.0 million , which consisted of (i) a cash distribution of $276.0 million and (ii) the issuance of 1,149,905 common units and 23,467 general partner units to Valero having an aggregate value of $49.0 million . We funded the cash distribution with $66.0 million of our cash on hand and $210.0 million of borrowings under our revolving credit facility. See Note 5 for further discussion of the borrowings under our revolving credit facility. This acquisition was accounted for as an acquisition of a business. See Note 1 for a further discussion about the accounting and basis of presentation of this acquisition. Acquisition in 2017 Red River Crude System Effective January 18, 2017 , we acquired a 40 percent undivided interest in (i) the newly constructed Hewitt segment of Plains All American Pipeline L.P.’s (Plains) Red River pipeline (the Hewitt segment), (ii) two 150,000 shell barrel capacity tanks located at Hewitt Station in Hewitt, Oklahoma (the Hewitt Storage Tanks), and (iii) a pipeline connection from Hewitt Station to Wasson Station (the Wasson Interconnect) (collectively, the Red River crude system) for total cash consideration of $71.8 million . We funded this acquisition with available cash on hand. The Hewitt segment consists of a 138-mile, 16-inch crude oil pipeline with 150,000 barrels per day of throughput capacity that originates at Plains Marketing L.P.’s Cushing, Oklahoma terminal and ends at Hewitt Station. The pipeline supports Valero’s Ardmore Refinery and began supplying crude oil to Valero in January 2017. We retain a right to participate in any future expansions of the pipeline. This acquisition was accounted for as an acquisition of assets. See Note 3 for a further discussion of the commercial agreement we entered into with Valero concurrent with this acquisition. We also entered into a Joint Ownership Agreement (JOA) and an Operating and Administrative Services Agreement with Plains concurrent with this acquisition. The JOA provides us with access to the remaining 60 percent of the capacity of the Hewitt Storage Tanks and the Wasson Interconnect and continues until terminated by mutual agreement. This access arrangement is accounted for as an operating lease. The administrative agreement facilitates the day-to-day operations and management functions of the pipeline for an initial five -year term and automatically renews for successive five -year terms. Presentation of Reported Financial Information The following tables present our previously reported statements of income for the three and six months ended June 30, 2016 (as presented in our Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on August 4, 2016 ) retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business (in thousands). Three Months Ended June 30, 2016 Valero Meraux and Valero Operating revenues – related party $ 87,664 $ — $ 87,664 Costs and expenses: Operating expenses 20,520 3,566 24,086 General and administrative expenses 3,578 137 3,715 Depreciation expense 10,622 1,199 11,821 Total costs and expenses 34,720 4,902 39,622 Operating income (loss) 52,944 (4,902 ) 48,042 Other income, net 57 — 57 Interest and debt expense, net of capitalized interest (3,251 ) — (3,251 ) Income (loss) before income taxes 49,750 (4,902 ) 44,848 Income tax expense 303 — 303 Net income (loss) 49,447 (4,902 ) 44,545 Less: Net loss attributable to Predecessor — (4,902 ) (4,902 ) Net income attributable to partners $ 49,447 $ — $ 49,447 Six Months Ended June 30, 2016 Valero Meraux and Three Rivers Terminal Services Business Valero Energy Partners LP (Currently Reported) Operating revenues – related party $ 166,431 $ — $ 166,431 Costs and expenses: Operating expenses 41,397 6,975 48,372 General and administrative expenses 7,806 274 8,080 Depreciation expense 21,243 2,090 23,333 Total costs and expenses 70,446 9,339 79,785 Operating income (loss) 95,985 (9,339 ) 86,646 Other income, net 134 — 134 Interest and debt expense, net of capitalized interest (5,910 ) — (5,910 ) Income (loss) before income taxes 90,209 (9,339 ) 80,870 Income tax expense 545 — 545 Net income (loss) 89,664 (9,339 ) 80,325 Less: Net loss attributable to Predecessor (3,081 ) (9,339 ) (12,420 ) Net income attributable to partners $ 92,745 $ — $ 92,745 The following table presents our previously reported statement of cash flows for the six months ended June 30, 2016 (as presented in our Quarterly Report on Form 10-Q filed with the SEC on August 4, 2016 ) retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business (in thousands). Six Months Ended June 30, 2016 Valero Energy Partners LP (Previously Reported) Meraux and Three Rivers Terminal Services Business Valero Energy Partners LP (Currently Reported) Cash flows from operating activities: Net income (loss) $ 89,664 $ (9,339 ) $ 80,325 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation expense 21,243 2,090 23,333 Changes in current assets and current liabilities (3,442 ) — (3,442 ) Changes in deferred charges and credits and other operating activities, net 468 — 468 Net cash provided by (used in) operating activities 107,933 (7,249 ) 100,684 Cash flows from investing activities: Capital expenditures (9,325 ) (2,281 ) (11,606 ) Acquisition of the McKee Terminal Services Business from Valero Energy Corporation (51,361 ) — (51,361 ) Other investing activities, net 18 — 18 Net cash used in investing activities (60,668 ) (2,281 ) (62,949 ) Cash flows from financing activities: Proceeds from debt borrowings 139,000 — 139,000 Repayment of capital lease obligations (663 ) — (663 ) Payment of offering costs (108 ) — (108 ) Excess purchase price paid to Valero Energy Corporation over the carrying value of the McKee Terminal Services Business (152,639 ) — (152,639 ) Cash distributions to unitholders and distribution equivalent right payments (48,319 ) — (48,319 ) Net transfers from Valero Energy Corporation 1,848 9,530 11,378 Net cash provided by (used in) financing activities (60,881 ) 9,530 (51,351 ) Net decrease in cash and cash equivalents (13,616 ) — (13,616 ) Cash and cash equivalents at beginning of period 80,783 — 80,783 Cash and cash equivalents at end of period $ 67,167 $ — $ 67,167

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	3. RELATED-PARTY TRANSACTIONS New Agreements Agreement with Diamond Green Diesel Effective March 31, 2017 , we entered into an agreement with Diamond Green Diesel Holdings, LLC (DGD), a joint venture consolidated by Valero, to construct and operate a rail loading facility located at Valero’s St. Charles Refinery for the purpose of loading DGD’s renewable diesel onto railcars. The construction of the rail loading facility was completed in April 2017, and we began providing services to DGD in May 2017. In addition, we have agreed to construct a new 180,000 barrel storage tank and provide storage services to DGD. The construction of the new tank is expected to be completed in the first quarter of 2018. The initial term of the agreement ends on June 30, 2033 . Agreements with Valero Effective March 31, 2017 and in connection with the DGD agreement described above, we amended our land lease and access agreement with Valero related to our St. Charles terminal to include our use of Valero’s rail loading facility. Concurrent with the acquisition of the Red River crude system as described in Note 2 , we entered into a 10 -year throughput agreement under which we provide transportation services to Valero. The agreement provides Valero an option to renew for one additional five -year term, unless terminated by Valero upon at least 180 days’ prior written notice before the end of the initial term, and it contains minimum throughput requirements and inflation escalators. Summary of Transactions The amounts shown in our balance sheets as “deferred revenue – related party” represent the unearned revenues from Valero associated with Valero’s quarterly deficiency payment, which is the result of Valero not meeting its minimum quarterly throughput commitments under certain schedules of our master transportation services agreement and master terminal services agreement (collectively, the commercial agreements). All of our operating revenues are generated by providing services to Valero under our commercial agreements with Valero. The cost of services provided to us by Valero, including the cost of financing provided to us by Valero in connection with certain acquisitions from Valero as more fully described in Notes 2 and 5 , is reflected in the supplemental information disclosure on our statements of income. Concentration Risk All of our operating revenues were derived from transactions with Valero and all of the “receivables – related party” were due from Valero. Therefore, we are subject to the business risks associated with Valero’s business. Operating Leases – Lessor Certain schedules under our commercial agreements with Valero are considered operating leases under U.S. GAAP. These agreements contain minimum throughput requirements and escalation clauses to adjust transportation tariffs and terminaling and storage fees to reflect changes in price indices. These lease revenues are recorded within “operating revenues – related party” in our statements of income. The components of our lease revenues are as follows (in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Minimum rental revenues $ 69,823 $ 56,277 $ 138,271 $ 104,526 Contingent rental revenues 14,969 9,224 27,498 17,561 Total lease revenues $ 84,792 $ 65,501 $ 165,769 $ 122,087 As of June 30, 2017 , future minimum rentals to be received related to these noncancelable commercial agreements were as follows (in thousands): Remainder of 2017 $ 141,179 2018 280,056 2019 280,056 2020 280,824 2021 280,056 Thereafter 2,394,350 Total minimum rental payments $ 3,656,521

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	4. PROPERTY AND EQUIPMENT Our property and equipment includes non-leased assets and assets under operating leases for which we are the lessor under U.S. GAAP. Major classes of property and equipment consisted of the following (in thousands): June 30, 2017 Non-Leased Assets Assets Total Land $ 4,672 $ — $ 4,672 Pipelines and related assets 224,794 112,738 337,532 Terminals and related assets 120,774 810,609 931,383 Other 10,107 — 10,107 Construction-in-progress 35,217 — 35,217 Property and equipment, at cost 395,564 923,347 1,318,911 Accumulated depreciation (121,177 ) (252,932 ) (374,109 ) Property and equipment, net $ 274,387 $ 670,415 $ 944,802 December 31, 2016 Non-Leased Assets Assets Total Land $ 4,672 $ — $ 4,672 Pipelines and related assets 224,656 47,366 272,022 Terminals and related assets 112,614 793,765 906,379 Other 9,538 — 9,538 Construction-in-progress 23,677 — 23,677 Property and equipment, at cost 375,157 841,131 1,216,288 Accumulated depreciation (115,538 ) (235,670 ) (351,208 ) Property and equipment, net $ 259,619 $ 605,461 $ 865,080

Debt and Notes Payable - Relate

Debt and Notes Payable - Related Party	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
DEBT AND NOTES PAYABLE - RELATED PARTY	5. DEBT AND NOTES PAYABLE – RELATED PARTY Debt We have a $750.0 million senior unsecured revolving credit facility agreement (the Revolver) that matures in November 2020 . We have the option to increase the aggregate commitments under the Revolver to $1.0 billion , subject to certain restrictions. The Revolver also provides for the issuance of letters of credit of up to $100.0 million . Borrowings on the Revolver bear interest at a variable rate, which was 2.5625 percent and 2.3125 percent as of June 30, 2017 and December 31, 2016 , respectively. There was no significant activity related to our debt during the six months ended June 30, 2017 . On April 1, 2016, we borrowed $139.0 million under the Revolver in connection with the acquisition of the McKee Terminal Services Business. See Note 2 for information about our acquisition from Valero. Notes Payable – Related Party There was no activity under our two subordinated credit agreements with Valero (the Loan Agreements) for the six months ended June 30, 2017 and 2016 . Borrowings on the Loan Agreements bear interest at a variable rate, which was 2.551 percent and 2.270 percent as of June 30, 2017 and December 31, 2016 , respectively.

Operating Leases

Operating Leases	6 Months Ended
	Jun. 30, 2017
Leases, Operating [Abstract]
OPERATING LEASES	6. OPERATING LEASES We have long-term operating lease commitments for pipelines and land used in the terminaling and transportation of crude oil and refined petroleum products. Certain leases contain escalation clauses and renewal options that allow for the same rental payment over the lease term or a revised rental payment based on fair rental value or negotiated value. Currently, one of our leases with Valero does not contain a renewal option. We expect our leases will be renewed or replaced by other leases in the normal course of business. As of June 30, 2017 , our future minimum rentals for leases having initial or remaining noncancelable lease terms in excess of one year were as follows (in thousands): Agreements With Related Party Others Total Remainder of 2017 $ 4,872 $ 468 $ 5,340 2018 9,744 1,068 10,812 2019 9,744 1,052 10,796 2020 9,745 1,052 10,797 2021 9,745 1,047 10,792 Thereafter 219,893 25,362 245,255 Total minimum rental payments $ 263,743 $ 30,049 $ 293,792 Minimum rental expenses for all operating leases are shown in the following table (in thousands). Contingent rental expense for all operating leases was immaterial. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Minimum rental expenses – related party $ 2,436 $ 2,193 $ 4,873 $ 4,237 Minimum rental expenses – others 300 125 605 366 Total minimum rental expenses $ 2,736 $ 2,318 $ 5,478 $ 4,603

Cash Distributions

Cash Distributions	6 Months Ended
	Jun. 30, 2017
Partners' Capital [Abstract]
CASH DISTRIBUTIONS	7. 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, 2016 : Quarterly Period Ended Total Quarterly Distribution (Per Unit) Total Cash Distribution (In Thousands) Declaration Date Record Date Distribution Date 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 September 30, 2016 0.3850 32,175 October 24, 2016 November 3, 2016 November 10, 2016 June 30, 2016 0.3650 28,912 July 21, 2016 August 1, 2016 August 9, 2016 March 31, 2016 0.3400 25,608 April 21, 2016 May 2, 2016 May 10, 2016 December 31, 2015 0.3200 22,711 January 25, 2016 February 4, 2016 February 11, 2016 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 Six Months Ended 2017 2016 2017 2016 General partner’s distributions: General partner’s distributions $ 842 $ 578 $ 1,437 $ 1,090 General partner’s incentive distribution 10,250 4,224 18,557 6,862 Total general partner’s distributions 11,092 4,802 19,994 7,952 Limited partners’ distributions: Common – public 10,226 7,849 19,831 15,159 Common – Valero 20,788 5,747 40,319 11,102 Subordinated – Valero — 10,509 — 20,297 Total limited partners’ distributions 31,014 24,105 60,150 46,558 DERs 5 5 10 10 Total cash distributions, including DERs $ 42,111 $ 28,912 $ 80,154 $ 54,520

Net Income Per Limited Partner

Net Income Per Limited Partner Unit	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
NET INCOME PER LIMITED PARTNER UNIT	8. NET INCOME PER LIMITED PARTNER UNIT We calculate net income available to limited partners based on the distributions pertaining to each period’s net income. After considering the appropriate period’s distributions, the remaining undistributed earnings or excess distributions over earnings, if any, are allocated to the general partner, limited partners, and other participating securities in accordance with the contractual terms of our partnership agreement and as prescribed under the two-class method. Participating securities include IDRs and awards under our Valero Energy Partners LP 2013 Incentive Compensation Plan that receive DERs. However, the terms of our partnership agreement limit the general partner’s incentive distribution to the amount of available cash, which, as defined in our partnership agreement, is net of reserves deemed appropriate. As such, IDRs are not allocated undistributed earnings or distributions in excess of earnings in the calculation of net income per limited partner unit. Net losses of our Predecessor are allocated to the general partner. Subsequent to the effective dates of the acquisitions from Valero, we calculate net income available to limited partners based on the methodology described above. Basic net income per limited partner unit is determined pursuant to the two-class method for master limited partnerships. The two-class method is an earnings allocation formula that is used to determine earnings to our general partner, common unitholders, and participating securities according to (i) distributions pertaining to each period’s net income and (ii) participation rights in undistributed earnings. Diluted net income per limited partner unit is also determined using the two-class method, unless the treasury stock method is more dilutive. For the three and six months ended June 30, 2017 and 2016 , we used the two-class method to determine diluted net income per limited partner unit. We did not have any potentially dilutive instruments outstanding during the three and six months ended June 30, 2017 and 2016 . Effective August 10, 2016 , all of our subordinated units, which were owned by Valero, were converted on a one-for-one basis into common units. The subordinated units were only allocated earnings generated by us through the conversion date. See Note 9 for further discussion of the conversion of subordinated units. Net income per unit was computed as follows (in thousands, except per unit amounts): Three Months Ended June 30, 2017 General Limited Partners Restricted Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 842 $ 31,014 $ — $ 31,856 General partner’s IDRs 10,250 — — 10,250 DERs — — 5 5 Distributions and DERs declared 11,092 31,014 5 42,111 Undistributed earnings 327 16,002 3 16,332 Net income available to limited partners – basic and diluted $ 11,419 $ 47,016 $ 8 $ 58,443 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 68,157 Net income per limited partner unit – basic and diluted $ 0.69 Three Months Ended June 30, 2016 Limited Partners General Common Subordinated Restricted Units Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 578 $ 13,596 $ 10,509 $ — $ 24,683 General partner’s IDRs 4,224 — — — 4,224 DERs — — — 5 5 Distributions and DERs declared 4,802 13,596 10,509 5 28,912 Undistributed earnings 411 11,348 8,772 4 20,535 Net income available to $ 5,213 $ 24,944 $ 19,281 $ 9 $ 49,447 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 37,248 28,790 Net income per limited partner unit – basic and diluted $ 0.67 $ 0.67 Six Months Ended June 30, 2017 General Limited Partners Common Units Restricted Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 1,437 $ 60,150 $ — $ 61,587 General partner’s IDRs 18,557 — — 18,557 DERs — — 10 10 Distributions and DERs declared 19,994 60,150 10 80,154 Undistributed earnings 892 35,527 7 36,426 Net income available to limited partners – basic and diluted $ 20,886 $ 95,677 $ 17 $ 116,580 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 67,912 Net income per limited partner unit – basic and diluted $ 1.41 Six Months Ended June 30, 2016 Limited Partners General Partner Common Units Subordinated Units Restricted Units Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 1,090 $ 26,261 $ 20,297 $ — $ 47,648 General partner’s IDRs 6,862 — — — 6,862 DERs — — — 10 10 Distributions and DERs declared 7,952 26,261 20,297 10 54,520 Undistributed earnings 765 21,034 16,418 8 38,225 Net income available to limited partners – basic and diluted $ 8,717 $ 47,295 $ 36,715 $ 18 $ 92,745 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 36,884 28,790 Net income per limited partner unit – basic and diluted $ 1.28 $ 1.28

Partners' Capital

Partners' Capital	6 Months Ended
	Jun. 30, 2017
Partners' Capital Notes [Abstract]
PARTNERS' CAPITAL	9. PARTNERS’ CAPITAL Unit Activity Activity in the number of units was as follows: Common General Partner Public Valero Subordinated Total Balance as of December 31, 2015 21,509,651 15,018,602 28,789,989 1,332,829 66,651,071 Unit-based compensation 5,958 — — — 5,958 Units issued in connection with the acquisition of the McKee Terminal Services Business (see Note 2) — 728,775 — 14,873 743,648 Balance as of June 30, 2016 21,515,609 15,747,377 28,789,989 1,347,702 67,400,677 Balance as of December 31, 2016 21,738,692 45,687,271 — 1,375,721 68,801,684 Unit-based compensation 5,997 — — — 5,997 Units issued under ATM program 742,897 — — — 742,897 General partner units issued to maintain 2% interest — — — 15,602 15,602 Balance as of June 30, 2017 22,487,586 45,687,271 — 1,391,323 69,566,180 ATM Program On September 16, 2016, we entered into an equity distribution agreement pursuant to which we may offer and sell from time to time our common units having an aggregate offering price of up to $350.0 million based on amounts, at prices, and on terms to be determined by market conditions and other factors at the time of our offerings (such continuous offering program, or at-the-market program, referred to as our “ATM Program”). During the six months ended June 30, 2017 , we issued 742,897 common units under our ATM Program and received proceeds of $35.2 million , which is net of $517,000 of expenses incurred with respect to the sales of these units. Concurrent with the issuance of common units under our ATM Program, our general partner contributed $748,000 in exchange for 15,602 general partner units to maintain its 2.0 percent general partner interest in the Partnership. Subordinated Unit Conversion Effective August 10, 2016 , all of our subordinated units, which were owned by Valero, were converted on a one-for-one basis into common units. The conversion of the subordinated units does not impact the amount of cash distributions paid or the total number of outstanding units. Transfers to (from) Partners Subsequent to the expiration of the subordination period on August 10, 2016, all of our common units have equal rights, including rights to distributions and to our net assets in the event of liquidation. As a result, a reallocation of the carrying values of our public common unitholders’ interest in us and Valero’s common unitholder interest in us is required when a change in ownership occurs in order for the portion of those carrying values associated with activity subsequent to the subordination period to be equal to the respective unitholders’ ownership interests (in units) in us. Transfers to (from) partners resulted from the issuance of equity under our ATM Program during the six months ended June 30, 2017 .

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	10. SUPPLEMENTAL CASH FLOW INFORMATION In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in thousands): Six Months Ended 2017 2016 Decrease (increase) in current assets: Receivables – related party $ 1,450 $ (2,930 ) Receivables (216 ) — Prepaid expenses and other 366 (449 ) Increase (decrease) in current liabilities: Accounts payable 738 733 Accounts payable – related party (655 ) (2,596 ) Accrued liabilities (118 ) (18 ) Accrued liabilities – related party (14 ) — Accrued interest payable (304 ) 232 Accrued interest payable – related party 739 49 Taxes other than income taxes 437 403 Deferred revenue – related party (3,157 ) 1,134 Changes in current assets and current liabilities $ (734 ) $ (3,442 ) Noncash investing and financing activities that affected recognized assets or liabilities for the six months ended June 30, 2017 and 2016 were as follows (in thousands): Six Months Ended 2017 2016 Transfer from Valero for: Deferred income taxes $ — $ (35 ) Change in accrued capital expenditures — (175 ) Decrease in accounts payable related to capital expenditures (1,721 ) (3,086 ) Noncash capital contributions from Valero for projects related to acquisitions 19,276 15,978 Units issued to Valero Energy Corporation in connection with the acquisition of the McKee Terminal Services Business (see Note 2) — 36,000 In addition to the activities in the above table, noncash financing activities for the six months ended June 30, 2017 included the transfers to (from) partners to reflect the impact of ownership changes occurring as a result of the issuance of common units under our ATM Program described in Note 9 . The following table presents our investing and financing cash outflows in connection with the acquisition from Valero described in Note 2 (in thousands). Of the cash consideration paid, the portion attributed to Valero’s historical carrying value of the acquisition was reflected as an investing cash outflow and the excess purchase price paid over the carrying value of the acquisition was reflected as a financing cash outflow. Investing Financing Total Six months ended June 30, 2016: McKee Terminal Services Business $ 51,361 $ 152,639 $ 204,000 There were no net transfers from Valero during the six months ended June 30, 2017 . The following is a reconciliation of the amounts presented as net transfers from Valero on our statement of partners’ capital and statement of cash flows (in thousands) for the six months ended June 30, 2016 . Noncash transfers from (to) Valero primarily represent the change in amounts accrued by our Predecessor for capital expenditures as we do not reflect capital expenditures in our statements of cash flows until such amounts are paid. Six Months Ended June 30, 2016 (a) Net transfers from Valero per statement of partners’ capital $ 11,588 Less: Noncash transfers from Valero 210 Net transfers from Valero per statement of cash flows $ 11,378 (a) Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business. Cash flows related to interest paid were as follows (in thousands): Six Months Ended 2017 2016 Interest paid $ 16,044 $ 5,484 Income taxes paid 695 496

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	11. FAIR VALUE OF FINANCIAL INSTRUMENTS Financial instruments that we recognize in our balance sheets at their carrying amounts are shown in the table below along with their associated fair values (in thousands): June 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents $ 87,977 $ 87,977 $ 71,491 $ 71,491 Financial liabilities: Debt: Revolver 30,000 30,000 30,000 30,000 Senior Notes 495,072 512,935 495,355 506,670 Notes payable – related party 370,000 370,000 370,000 370,000 The methods and significant assumptions used to estimate the fair value of these financial instruments are as follows: • The fair value of cash and cash equivalents approximates the carrying value due to the low level of credit risk of these assets combined with their market interest rates. The fair value measurement for cash and cash equivalents is categorized as Level 1 in the fair value hierarchy. Fair values determined by Level 1 inputs utilize unadjusted quoted prices in active markets for identical assets. • The fair values of our variable-rate debt, which includes our Revolver and “notes payable – related party,” approximate their carrying values as our borrowings bear interest based upon short-term floating market interest rates. The fair value of our fixed-rate 4.375 percent Senior Notes is determined primarily using the market approach based on quoted prices provided by vendor pricing services. The fair value measurement for these liabilities is categorized as Level 2 in the fair value hierarchy. Fair values determined by Level 2 utilize inputs that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.

Description of Business, Basi19

Description of Business, Basis of Presentation, and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation General These unaudited financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature unless disclosed otherwise. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. The balance sheet as of December 31, 2016 has been derived from our audited financial statements as of that date. For further information, refer to our financial statements and notes thereto included in our annual report on Form 10-K for the year ended December 31, 2016 . Acquisitions from Valero The acquisitions from Valero noted above were accounted for as transfers of businesses between entities under the common control of Valero. Accordingly, we recorded these acquisitions on our balance sheet at Valero’s carrying value as of the beginning of the period of transfer, and we retrospectively adjusted prior period financial statements and financial information to furnish comparative information. We refer to the historical results of the transferred assets from Valero prior to their transfer to us as those of our “Predecessor.” The combined financial statements of our Predecessor were derived from the consolidated financial statements and accounting records of Valero and reflect the combined historical financial position, results of operations, and cash flows of our Predecessor as if the acquisitions from Valero had been combined for periods prior to the effective dates of each acquisition. There were no transactions between the operations of our Predecessor; therefore, there were no intercompany transactions or accounts to be eliminated in connection with the combination of those operations. In addition, our Predecessor’s statements of income include direct charges for the management and operation of our assets and certain expenses allocated by Valero for general corporate services, such as treasury, accounting, and legal services. These expenses were charged, or allocated, to our Predecessor based on the nature of the expenses. Prior to the acquisitions from Valero, our Predecessor transferred cash to Valero daily and Valero funded our Predecessor’s operating and investing activities as needed. Therefore, transfers of cash to and from Valero’s cash management system are reflected as a component of net investment and are reflected as a financing activity in our statements of cash flows. In addition, interest expense was not included on the net cash transfers from Valero. The financial information presented for the periods after the effective dates of each acquisition represents the consolidated financial position, results of operations, and cash flows of the Partnership.
Reclassifications	Reclassifications Certain amounts reported as of December 31, 2016 and for the six months ended June 30, 2016 have been reclassified to conform to the 2017 presentation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. On an ongoing basis, we review our estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.
New Accounting Pronouncements	Accounting Pronouncement Adopted During the Period In January 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-01, “Business Combinations (Topic 805),” to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The provisions of this ASU provide a more robust framework to use in determining when a set of assets and activities is a business by clarifying the requirements related to inputs, processes, and outputs. These provisions are to be applied prospectively and are effective for annual reporting periods beginning after December 15, 2017, with early adoption permitted. Our early adoption of this ASU effective January 1, 2017 did not have an effect on our financial position or results of operations. However, more of our future acquisitions may be accounted for as asset acquisitions. Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” to clarify the principles for recognizing revenue. This new standard is effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual periods. We recently completed our evaluation of the provisions of this standard and concluded that our adoption will not materially change the amount or timing of revenues recognized by us, nor will it materially affect our financial position. As described in our revenue recognition policy, our revenues are generated from the transportation of crude oil and refined petroleum products through our pipelines and terminals. These revenues are based on the volume (barrels) of crude oil and refined petroleum products transported at contracted rates per barrel, and we recognize these revenues upon completion of the transportation service, which is the point when our performance obligation is fulfilled. As also described in our revenue recognition policy, certain of our commercial agreements are considered operating leases under U.S. GAAP. The scope of the new standard does not extend to revenues generated by lease arrangements; therefore, lease revenues generated by us will continue to be accounted for under existing accounting standards and be reflected in a separate revenue line item on our statement of income. We will adopt this new standard effective January 1, 2018, and we expect to use the modified retrospective method of adoption as permitted by the standard. Under that method, the cumulative effect of initially applying the standard is recognized as an adjustment to the opening balance of partners’ capital, and revenues reported in the periods prior to the date of adoption are not changed. We do not, however, expect to make such an adjustment to partners’ capital. During 2017, we are developing our revenue disclosures and enhancing our accounting systems. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10),” to enhance the reporting model for financial instruments regarding certain aspects of recognition, measurement, presentation, and disclosure. The provisions of this ASU are effective for annual reporting periods beginning after December 15, 2017, and interim reporting periods within those annual periods. This ASU is to be applied using a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The adoption of this ASU effective January 1, 2018 will not affect our financial position or results of operations, but will result in revised disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new standard is effective for annual reporting periods beginning after December 15, 2018, and interim reporting periods within those annual periods, with early adoption permitted. We will adopt this new standard on January 1, 2019 and we expect to use the modified retrospective method of adoption as permitted by the standard. We are developing enhanced contracting and lease evaluation processes and information systems to support such processes, as well as new and enhanced accounting systems to account for our leases and support the required disclosures. We continue to evaluate the effect that adopting this standard will have on our financial statements and related disclosures.
Net income per limited partner	We calculate net income available to limited partners based on the distributions pertaining to each period’s net income. After considering the appropriate period’s distributions, the remaining undistributed earnings or excess distributions over earnings, if any, are allocated to the general partner, limited partners, and other participating securities in accordance with the contractual terms of our partnership agreement and as prescribed under the two-class method. Participating securities include IDRs and awards under our Valero Energy Partners LP 2013 Incentive Compensation Plan that receive DERs. However, the terms of our partnership agreement limit the general partner’s incentive distribution to the amount of available cash, which, as defined in our partnership agreement, is net of reserves deemed appropriate. As such, IDRs are not allocated undistributed earnings or distributions in excess of earnings in the calculation of net income per limited partner unit. Net losses of our Predecessor are allocated to the general partner. Subsequent to the effective dates of the acquisitions from Valero, we calculate net income available to limited partners based on the methodology described above. Basic net income per limited partner unit is determined pursuant to the two-class method for master limited partnerships. The two-class method is an earnings allocation formula that is used to determine earnings to our general partner, common unitholders, and participating securities according to (i) distributions pertaining to each period’s net income and (ii) participation rights in undistributed earnings. Diluted net income per limited partner unit is also determined using the two-class method, unless the treasury stock method is more dilutive.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Consolidated statements of income and statement of cash flows	The following tables present our previously reported statements of income for the three and six months ended June 30, 2016 (as presented in our Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on August 4, 2016 ) retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business (in thousands). Three Months Ended June 30, 2016 Valero Meraux and Valero Operating revenues – related party $ 87,664 $ — $ 87,664 Costs and expenses: Operating expenses 20,520 3,566 24,086 General and administrative expenses 3,578 137 3,715 Depreciation expense 10,622 1,199 11,821 Total costs and expenses 34,720 4,902 39,622 Operating income (loss) 52,944 (4,902 ) 48,042 Other income, net 57 — 57 Interest and debt expense, net of capitalized interest (3,251 ) — (3,251 ) Income (loss) before income taxes 49,750 (4,902 ) 44,848 Income tax expense 303 — 303 Net income (loss) 49,447 (4,902 ) 44,545 Less: Net loss attributable to Predecessor — (4,902 ) (4,902 ) Net income attributable to partners $ 49,447 $ — $ 49,447 Six Months Ended June 30, 2016 Valero Meraux and Three Rivers Terminal Services Business Valero Energy Partners LP (Currently Reported) Operating revenues – related party $ 166,431 $ — $ 166,431 Costs and expenses: Operating expenses 41,397 6,975 48,372 General and administrative expenses 7,806 274 8,080 Depreciation expense 21,243 2,090 23,333 Total costs and expenses 70,446 9,339 79,785 Operating income (loss) 95,985 (9,339 ) 86,646 Other income, net 134 — 134 Interest and debt expense, net of capitalized interest (5,910 ) — (5,910 ) Income (loss) before income taxes 90,209 (9,339 ) 80,870 Income tax expense 545 — 545 Net income (loss) 89,664 (9,339 ) 80,325 Less: Net loss attributable to Predecessor (3,081 ) (9,339 ) (12,420 ) Net income attributable to partners $ 92,745 $ — $ 92,745 The following table presents our previously reported statement of cash flows for the six months ended June 30, 2016 (as presented in our Quarterly Report on Form 10-Q filed with the SEC on August 4, 2016 ) retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business (in thousands). Six Months Ended June 30, 2016 Valero Energy Partners LP (Previously Reported) Meraux and Three Rivers Terminal Services Business Valero Energy Partners LP (Currently Reported) Cash flows from operating activities: Net income (loss) $ 89,664 $ (9,339 ) $ 80,325 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation expense 21,243 2,090 23,333 Changes in current assets and current liabilities (3,442 ) — (3,442 ) Changes in deferred charges and credits and other operating activities, net 468 — 468 Net cash provided by (used in) operating activities 107,933 (7,249 ) 100,684 Cash flows from investing activities: Capital expenditures (9,325 ) (2,281 ) (11,606 ) Acquisition of the McKee Terminal Services Business from Valero Energy Corporation (51,361 ) — (51,361 ) Other investing activities, net 18 — 18 Net cash used in investing activities (60,668 ) (2,281 ) (62,949 ) Cash flows from financing activities: Proceeds from debt borrowings 139,000 — 139,000 Repayment of capital lease obligations (663 ) — (663 ) Payment of offering costs (108 ) — (108 ) Excess purchase price paid to Valero Energy Corporation over the carrying value of the McKee Terminal Services Business (152,639 ) — (152,639 ) Cash distributions to unitholders and distribution equivalent right payments (48,319 ) — (48,319 ) Net transfers from Valero Energy Corporation 1,848 9,530 11,378 Net cash provided by (used in) financing activities (60,881 ) 9,530 (51,351 ) Net decrease in cash and cash equivalents (13,616 ) — (13,616 ) Cash and cash equivalents at beginning of period 80,783 — 80,783 Cash and cash equivalents at end of period $ 67,167 $ — $ 67,167

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Lessor disclosure of operating leases	As of June 30, 2017 , future minimum rentals to be received related to these noncancelable commercial agreements were as follows (in thousands): Remainder of 2017 $ 141,179 2018 280,056 2019 280,056 2020 280,824 2021 280,056 Thereafter 2,394,350 Total minimum rental payments $ 3,656,521 The components of our lease revenues are as follows (in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Minimum rental revenues $ 69,823 $ 56,277 $ 138,271 $ 104,526 Contingent rental revenues 14,969 9,224 27,498 17,561 Total lease revenues $ 84,792 $ 65,501 $ 165,769 $ 122,087

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Major classes of property and equipment	Major classes of property and equipment consisted of the following (in thousands): June 30, 2017 Non-Leased Assets Assets Total Land $ 4,672 $ — $ 4,672 Pipelines and related assets 224,794 112,738 337,532 Terminals and related assets 120,774 810,609 931,383 Other 10,107 — 10,107 Construction-in-progress 35,217 — 35,217 Property and equipment, at cost 395,564 923,347 1,318,911 Accumulated depreciation (121,177 ) (252,932 ) (374,109 ) Property and equipment, net $ 274,387 $ 670,415 $ 944,802 December 31, 2016 Non-Leased Assets Assets Total Land $ 4,672 $ — $ 4,672 Pipelines and related assets 224,656 47,366 272,022 Terminals and related assets 112,614 793,765 906,379 Other 9,538 — 9,538 Construction-in-progress 23,677 — 23,677 Property and equipment, at cost 375,157 841,131 1,216,288 Accumulated depreciation (115,538 ) (235,670 ) (351,208 ) Property and equipment, net $ 259,619 $ 605,461 $ 865,080

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2017
Leases, Operating [Abstract]
Future minimum rentals for leases having initial or remaining noncancelable lease terms in excess of one year	As of June 30, 2017 , our future minimum rentals for leases having initial or remaining noncancelable lease terms in excess of one year were as follows (in thousands): Agreements With Related Party Others Total Remainder of 2017 $ 4,872 $ 468 $ 5,340 2018 9,744 1,068 10,812 2019 9,744 1,052 10,796 2020 9,745 1,052 10,797 2021 9,745 1,047 10,792 Thereafter 219,893 25,362 245,255 Total minimum rental payments $ 263,743 $ 30,049 $ 293,792
Schedule of minimum rent expense	Minimum rental expenses for all operating leases are shown in the following table (in thousands). Contingent rental expense for all operating leases was immaterial. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Minimum rental expenses – related party $ 2,436 $ 2,193 $ 4,873 $ 4,237 Minimum rental expenses – others 300 125 605 366 Total minimum rental expenses $ 2,736 $ 2,318 $ 5,478 $ 4,603

Cash Distributions (Tables)

Cash Distributions (Tables)	6 Months Ended
	Jun. 30, 2017
Partners' Capital [Abstract]
Distributions made to unitholders	The table below summarizes information related to our quarterly cash distributions that have been declared since January 1, 2016 : Quarterly Period Ended Total Quarterly Distribution (Per Unit) Total Cash Distribution (In Thousands) Declaration Date Record Date Distribution Date 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 September 30, 2016 0.3850 32,175 October 24, 2016 November 3, 2016 November 10, 2016 June 30, 2016 0.3650 28,912 July 21, 2016 August 1, 2016 August 9, 2016 March 31, 2016 0.3400 25,608 April 21, 2016 May 2, 2016 May 10, 2016 December 31, 2015 0.3200 22,711 January 25, 2016 February 4, 2016 February 11, 2016 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 Six Months Ended 2017 2016 2017 2016 General partner’s distributions: General partner’s distributions $ 842 $ 578 $ 1,437 $ 1,090 General partner’s incentive distribution 10,250 4,224 18,557 6,862 Total general partner’s distributions 11,092 4,802 19,994 7,952 Limited partners’ distributions: Common – public 10,226 7,849 19,831 15,159 Common – Valero 20,788 5,747 40,319 11,102 Subordinated – Valero — 10,509 — 20,297 Total limited partners’ distributions 31,014 24,105 60,150 46,558 DERs 5 5 10 10 Total cash distributions, including DERs $ 42,111 $ 28,912 $ 80,154 $ 54,520

Net Income Per Limited Partne25

Net Income Per Limited Partner Unit (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Computation of net income per unit	Net income per unit was computed as follows (in thousands, except per unit amounts): Three Months Ended June 30, 2017 General Limited Partners Restricted Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 842 $ 31,014 $ — $ 31,856 General partner’s IDRs 10,250 — — 10,250 DERs — — 5 5 Distributions and DERs declared 11,092 31,014 5 42,111 Undistributed earnings 327 16,002 3 16,332 Net income available to limited partners – basic and diluted $ 11,419 $ 47,016 $ 8 $ 58,443 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 68,157 Net income per limited partner unit – basic and diluted $ 0.69 Three Months Ended June 30, 2016 Limited Partners General Common Subordinated Restricted Units Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 578 $ 13,596 $ 10,509 $ — $ 24,683 General partner’s IDRs 4,224 — — — 4,224 DERs — — — 5 5 Distributions and DERs declared 4,802 13,596 10,509 5 28,912 Undistributed earnings 411 11,348 8,772 4 20,535 Net income available to $ 5,213 $ 24,944 $ 19,281 $ 9 $ 49,447 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 37,248 28,790 Net income per limited partner unit – basic and diluted $ 0.67 $ 0.67 Six Months Ended June 30, 2017 General Limited Partners Common Units Restricted Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 1,437 $ 60,150 $ — $ 61,587 General partner’s IDRs 18,557 — — 18,557 DERs — — 10 10 Distributions and DERs declared 19,994 60,150 10 80,154 Undistributed earnings 892 35,527 7 36,426 Net income available to limited partners – basic and diluted $ 20,886 $ 95,677 $ 17 $ 116,580 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 67,912 Net income per limited partner unit – basic and diluted $ 1.41 Six Months Ended June 30, 2016 Limited Partners General Partner Common Units Subordinated Units Restricted Units Total Allocation of net income to determine net income available to limited partners: Distributions, excluding general partner’s IDRs $ 1,090 $ 26,261 $ 20,297 $ — $ 47,648 General partner’s IDRs 6,862 — — — 6,862 DERs — — — 10 10 Distributions and DERs declared 7,952 26,261 20,297 10 54,520 Undistributed earnings 765 21,034 16,418 8 38,225 Net income available to limited partners – basic and diluted $ 8,717 $ 47,295 $ 36,715 $ 18 $ 92,745 Net income per limited partner unit – basic and diluted: Weighted-average units outstanding 36,884 28,790 Net income per limited partner unit – basic and diluted $ 1.28 $ 1.28

Partners' Capital (Tables)

Partners' Capital (Tables)	6 Months Ended
	Jun. 30, 2017
Partners' Capital Notes [Abstract]
Activity in the number of units	Activity in the number of units was as follows: Common General Partner Public Valero Subordinated Total Balance as of December 31, 2015 21,509,651 15,018,602 28,789,989 1,332,829 66,651,071 Unit-based compensation 5,958 — — — 5,958 Units issued in connection with the acquisition of the McKee Terminal Services Business (see Note 2) — 728,775 — 14,873 743,648 Balance as of June 30, 2016 21,515,609 15,747,377 28,789,989 1,347,702 67,400,677 Balance as of December 31, 2016 21,738,692 45,687,271 — 1,375,721 68,801,684 Unit-based compensation 5,997 — — — 5,997 Units issued under ATM program 742,897 — — — 742,897 General partner units issued to maintain 2% interest — — — 15,602 15,602 Balance as of June 30, 2017 22,487,586 45,687,271 — 1,391,323 69,566,180

Supplemental Cash Flow Inform27

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2017
Supplemental Cash Flow Information [Abstract]
Supplemental cash flow disclosures, noncash activities	Noncash investing and financing activities that affected recognized assets or liabilities for the six months ended June 30, 2017 and 2016 were as follows (in thousands): Six Months Ended 2017 2016 Transfer from Valero for: Deferred income taxes $ — $ (35 ) Change in accrued capital expenditures — (175 ) Decrease in accounts payable related to capital expenditures (1,721 ) (3,086 ) Noncash capital contributions from Valero for projects related to acquisitions 19,276 15,978 Units issued to Valero Energy Corporation in connection with the acquisition of the McKee Terminal Services Business (see Note 2) — 36,000
Reconciliation of net transfers from Valero	The following is a reconciliation of the amounts presented as net transfers from Valero on our statement of partners’ capital and statement of cash flows (in thousands) for the six months ended June 30, 2016 . Noncash transfers from (to) Valero primarily represent the change in amounts accrued by our Predecessor for capital expenditures as we do not reflect capital expenditures in our statements of cash flows until such amounts are paid. Six Months Ended June 30, 2016 (a) Net transfers from Valero per statement of partners’ capital $ 11,588 Less: Noncash transfers from Valero 210 Net transfers from Valero per statement of cash flows $ 11,378 (a) Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business.
Supplemental cash flow disclosures	In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in thousands): Six Months Ended 2017 2016 Decrease (increase) in current assets: Receivables – related party $ 1,450 $ (2,930 ) Receivables (216 ) — Prepaid expenses and other 366 (449 ) Increase (decrease) in current liabilities: Accounts payable 738 733 Accounts payable – related party (655 ) (2,596 ) Accrued liabilities (118 ) (18 ) Accrued liabilities – related party (14 ) — Accrued interest payable (304 ) 232 Accrued interest payable – related party 739 49 Taxes other than income taxes 437 403 Deferred revenue – related party (3,157 ) 1,134 Changes in current assets and current liabilities $ (734 ) $ (3,442 ) Cash flows related to interest paid were as follows (in thousands): Six Months Ended 2017 2016 Interest paid $ 16,044 $ 5,484 Income taxes paid 695 496 The following table presents our investing and financing cash outflows in connection with the acquisition from Valero described in Note 2 (in thousands). Of the cash consideration paid, the portion attributed to Valero’s historical carrying value of the acquisition was reflected as an investing cash outflow and the excess purchase price paid over the carrying value of the acquisition was reflected as a financing cash outflow. Investing Financing Total Six months ended June 30, 2016: McKee Terminal Services Business $ 51,361 $ 152,639 $ 204,000

Fair Value of Financial Instr28

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of financial instruments recognized on balance sheet at carrying value	Financial instruments that we recognize in our balance sheets at their carrying amounts are shown in the table below along with their associated fair values (in thousands): June 30, 2017 December 31, 2016 Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents $ 87,977 $ 87,977 $ 71,491 $ 71,491 Financial liabilities: Debt: Revolver 30,000 30,000 30,000 30,000 Senior Notes 495,072 512,935 495,355 506,670 Notes payable – related party 370,000 370,000 370,000 370,000

Description of Business, Basi29

Description of Business, Basis of Presentation, and Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2017refineries
Business and Basis of Presentation (Textual)
Limited partnership formation date	Jul. 24, 2013
Majority Shareholder [Member]
Business and Basis of Presentation (Textual)
Number of Valero owned refineries	10

Acquisitions, Acquisitions Narr

Acquisitions, Acquisitions Narrative (Details) bbl / d in Thousands, bbl in Thousands, $ in Thousands	Jan. 18, 2017USD ($)bbl / dpropertiesbbl	Sep. 01, 2016USD ($)subsidiariesshares	Apr. 01, 2016USD ($)subsidiariesshares	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)shares
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares					743,648
Proceeds from debt borrowings				$ 0	$ 139,000	[1]
Cash payment for acquisition of crude system and terminal services business					51,361
Red River Crude System [Member]
Business Acquisition [Line Items]
Cash payment for acquisition of crude system and terminal services business				71,793	$ 0	[1]
Red River Crude System [Member] | Pipelines and Related Assets [Member]
Business Acquisition [Line Items]
Date of asset acquisition	Jan. 18, 2017
Undivided ownership interest acquired (percent)	40.00%
Number of properties | properties	2
Storage capacity (barrels) | bbl	150
Cash payment for acquisition of crude system and terminal services business	$ 71,800
Throughput capacity (barrels per day) | bbl / d	150
Red River Crude System [Member] | Pipelines and Related Assets [Member] | Joint Ownership Agreement (JOA) and Operating and Administrative Services Agreement with Plains [Member]
Business Acquisition [Line Items]
Duration of agreement	5 years
Duration of renewal option	5 years
Red River Crude System [Member] | Pipelines and Related Assets [Member] | Plains All American Pipeline L.P.’s (Plains) [Member] | Joint Ownership Agreement (JOA) and Operating and Administrative Services Agreement with Plains [Member]
Business Acquisition [Line Items]
Undivided ownership interest acquired (percent)	60.00%
Limited Partner [Member] | Common Unitholder Valero [Member]
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares					728,775
General Partner Valero [Member]
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares					14,873
McKee Terminal Services Business [Member]
Business Acquisition [Line Items]
Cash payment for acquisition of crude system and terminal services business				0	$ 51,361	[1]
Majority Shareholder [Member]
Business Acquisition [Line Items]
Consideration transferred for acquisition, units issued				$ 0	36,000
Majority Shareholder [Member] | McKee Terminal Services Business [Member]
Business Acquisition [Line Items]
Effective date of acquisition			Apr. 1, 2016
Value of consideration transferred for acquisition			$ 240,000
Cash consideration transferred to acquire businesses			204,000		204,000
Consideration transferred for acquisition, units issued			36,000
Payments to acquire business, cash on hand			65,000
Proceeds from debt borrowings			$ 139,000
Number of subsidiaries acquired | subsidiaries			1
Cash payment for acquisition of crude system and terminal services business					$ 51,361
Majority Shareholder [Member] | McKee Terminal Services Business [Member] | Limited Partner [Member] | Common Unitholder Valero [Member]
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares			728,775
Majority Shareholder [Member] | McKee Terminal Services Business [Member] | General Partner Valero [Member]
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares			14,873
Majority Shareholder [Member] | Meraux and Three Rivers Terminal Services Business [Member]
Business Acquisition [Line Items]
Effective date of acquisition		Sep. 1, 2016
Value of consideration transferred for acquisition		$ 325,000
Cash consideration transferred to acquire businesses		276,000
Consideration transferred for acquisition, units issued		49,000
Payments to acquire business, cash on hand		66,000
Proceeds from debt borrowings		$ 210,000
Number of subsidiaries acquired | subsidiaries		2
Majority Shareholder [Member] | Meraux and Three Rivers Terminal Services Business [Member] | Limited Partner [Member] | Common Unitholder Valero [Member]
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares		1,149,905
Majority Shareholder [Member] | Meraux and Three Rivers Terminal Services Business [Member] | General Partner Valero [Member]
Business Acquisition [Line Items]
Units issued in connection with acquisitions (shares) | shares		23,467
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Acquisitions, Statement of Inco

Acquisitions, Statement of Income (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016		Jun. 30, 2017	Jun. 30, 2016
Business Acquisition [Line Items]
Operating revenues – related party		$ 110,545	$ 87,664	[1]	$ 216,361	$ 166,431	[1]
Costs and expenses:
Operating expenses	[2]	27,055	24,086	[1]	50,600	48,372	[1]
General and administrative expenses	[3]	3,863	3,715	[1]	7,693	8,080	[1]
Depreciation expense		12,505	11,821	[1]	24,280	23,333	[1]
Total costs and expenses		43,423	39,622	[1]	82,573	79,785	[1]
Operating income		67,122	48,042	[1]	133,788	86,646	[1]
Other income, net		182	57	[1]	246	134	[1]
Interest and debt expense, net of capitalized interest	[4]	(8,551)	(3,251)	[1]	(16,840)	(5,910)	[1]
Income before income taxes		58,753	44,848	[1]	117,194	80,870	[1]
Income tax expense		310	303	[1]	614	545	[1]
Net income		58,443	44,545	[1]	116,580	80,325	[1]
Less: Net loss attributable to Predecessor		0	(4,902)	[1]	0	(12,420)	[1]
Net income attributable to partners		$ 58,443	49,447	[1]	$ 116,580	92,745	[1]
Valero Energy Partners LP (Previously Reported) [Member]
Business Acquisition [Line Items]
Operating revenues – related party			87,664			166,431
Costs and expenses:
Operating expenses			20,520			41,397
General and administrative expenses			3,578			7,806
Depreciation expense			10,622			21,243
Total costs and expenses			34,720			70,446
Operating income			52,944			95,985
Other income, net			57			134
Interest and debt expense, net of capitalized interest			(3,251)			(5,910)
Income before income taxes			49,750			90,209
Income tax expense			303			545
Net income			49,447			89,664
Less: Net loss attributable to Predecessor			0			(3,081)
Net income attributable to partners			49,447			92,745
Meraux and Three Rivers Terminal Services Business [Member] | Adjustments for Acquisitions of Businesses Under Common Control [Member]
Business Acquisition [Line Items]
Operating revenues – related party			0			0
Costs and expenses:
Operating expenses			3,566			6,975
General and administrative expenses			137			274
Depreciation expense			1,199			2,090
Total costs and expenses			4,902			9,339
Operating income			(4,902)			(9,339)
Other income, net			0			0
Interest and debt expense, net of capitalized interest			0			0
Income before income taxes			(4,902)			(9,339)
Income tax expense			0			0
Net income			(4,902)			(9,339)
Less: Net loss attributable to Predecessor			(4,902)			(9,339)
Net income attributable to partners			$ 0			$ 0
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.
[2]	Includes operating expenses – related party of $16,136 thousand and $15,185 thousand for the three months ended June 30, 2017 and 2016, respectively, and $31,768 thousand and $30,268 thousand for the six months ended June 30, 2017 and 2016, respectively.
[3]	Includes general and administrative expenses – related party of $3,185 thousand and $3,135 thousand for the three months ended June 30, 2017 and 2016, respectively, and $6,371 thousand and $6,197 thousand for the six months ended June 30, 2017 and 2016, respectively.
[4]	Includes interest and debt expense – related party of $2,343 thousand and $1,584 thousand for the three months ended June 30, 2017 and 2016, respectively, and $4,450 thousand and $3,150 thousand for the six months ended June 30, 2017 and 2016, respectively.

Acquisitions, Statement of Cash

Acquisitions, Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016		Jun. 30, 2017	Jun. 30, 2016
Business Acquisition [Line Items]
Net income	$ 58,443	$ 44,545	[1]	$ 116,580	$ 80,325	[1]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation expense	12,505	11,821	[1]	24,280	23,333	[1]
Changes in current assets and current liabilities				(734)	(3,442)	[1]
Changes in deferred charges and credits and other operating activities, net				856	468	[1]
Net cash provided by operating activities				140,982	100,684	[1]
Cash flows from investing activities:
Capital expenditures				(15,240)	(11,606)	[1]
Acquisition of the McKee Terminal Services Business from Valero Energy Corporation					(51,361)
Other investing activities, net				8	18	[1]
Net cash used in investing activities				(87,025)	(62,949)	[1]
Cash flows from financing activities:
Proceeds from debt borrowings				0	139,000	[1]
Repayment of capital lease obligations				0	(663)	[1]
Payment of offering costs				(517)	(108)	[1]
Excess purchase price paid to Valero Energy Corporation over the carrying value of the McKee Terminal Services Business				0	(152,639)	[1]
Cash distributions to unitholders and distribution equivalent right payments				(72,938)	(48,319)	[1]
Net transfers from Valero per statement of cash flows				0	11,378	[1]
Net cash used in financing activities				(37,471)	(51,351)	[1]
Net increase (decrease) in cash and cash equivalents				16,486	(13,616)	[1]
Cash and cash equivalents at beginning of period				71,491	80,783	[1]
Cash and cash equivalents at end of period	$ 87,977	67,167	[1]	$ 87,977	67,167	[1]
Valero Energy Partners LP (Previously Reported) [Member]
Business Acquisition [Line Items]
Net income		49,447			89,664
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation expense		10,622			21,243
Changes in current assets and current liabilities					(3,442)
Changes in deferred charges and credits and other operating activities, net					468
Net cash provided by operating activities					107,933
Cash flows from investing activities:
Capital expenditures					(9,325)
Acquisition of the McKee Terminal Services Business from Valero Energy Corporation					(51,361)
Other investing activities, net					18
Net cash used in investing activities					(60,668)
Cash flows from financing activities:
Proceeds from debt borrowings					139,000
Repayment of capital lease obligations					(663)
Payment of offering costs					(108)
Excess purchase price paid to Valero Energy Corporation over the carrying value of the McKee Terminal Services Business					(152,639)
Cash distributions to unitholders and distribution equivalent right payments					(48,319)
Net transfers from Valero per statement of cash flows					1,848
Net cash used in financing activities					(60,881)
Net increase (decrease) in cash and cash equivalents					(13,616)
Cash and cash equivalents at beginning of period					80,783
Cash and cash equivalents at end of period		67,167			67,167
Meraux and Three Rivers Terminal Services Business [Member] | Adjustments for Acquisitions of Businesses Under Common Control [Member]
Business Acquisition [Line Items]
Net income		(4,902)			(9,339)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation expense		1,199			2,090
Changes in current assets and current liabilities					0
Changes in deferred charges and credits and other operating activities, net					0
Net cash provided by operating activities					(7,249)
Cash flows from investing activities:
Capital expenditures					(2,281)
Acquisition of the McKee Terminal Services Business from Valero Energy Corporation					0
Other investing activities, net					0
Net cash used in investing activities					(2,281)
Cash flows from financing activities:
Proceeds from debt borrowings					0
Repayment of capital lease obligations					0
Payment of offering costs					0
Excess purchase price paid to Valero Energy Corporation over the carrying value of the McKee Terminal Services Business					0
Cash distributions to unitholders and distribution equivalent right payments					0
Net transfers from Valero per statement of cash flows					9,530
Net cash used in financing activities					9,530
Net increase (decrease) in cash and cash equivalents					0
Cash and cash equivalents at beginning of period					0
Cash and cash equivalents at end of period		$ 0			$ 0
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Related-Party Transactions, Agr

Related-Party Transactions, Agreements (Details) bbl in Thousands	Mar. 31, 2017bbl	Jan. 18, 2017renewalbbl
Red River Crude System [Member] | Pipelines [Member]
Related Party Agreements and Transactions (Textual)
Volume of storage tank (barrels)		150
Agreement with Diamond Green Diesel [Member]
Related Party Agreements and Transactions (Textual)
Volume of storage tank (barrels)	180
Agreement expiration date, initial term	Jun. 30, 2033
Agreements With Valero [Member] | Red River Crude System [Member] | Pipelines [Member]
Related Party Agreements and Transactions (Textual)
Duration of agreement		10 years
Number of renewal options | renewal		1
Duration of renewal option		5 years
Prior written notice		180 days

Related-Party Transactions, Lea

Related-Party Transactions, Leases (Details) - Majority Shareholder [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Operating Leases, Lease Revenue
Minimum rental revenues	$ 69,823	$ 56,277	$ 138,271	$ 104,526
Contingent rental revenues	14,969	9,224	27,498	17,561
Total lease revenues	84,792	$ 65,501	165,769	$ 122,087
Future Minimum Rentals to be Received on Noncancelable Lease Agreements
Remainder of 2017	141,179		141,179
2,018	280,056		280,056
2,019	280,056		280,056
2,020	280,824		280,824
2,021	280,056		280,056
Thereafter	2,394,350		2,394,350
Total minimum rental payments	$ 3,656,521		$ 3,656,521

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Non-Leased Assets
Property and equipment excluding assets subject to operating lease, at cost	$ 395,564	$ 375,157
Accumulated depreciation, property and equipment excluding assets subject to operating lease	(121,177)	(115,538)
Property and equipment excluding assets subject to operating lease, net	274,387	259,619
Assets Leased to Valero
Assets under operating leases, at cost	923,347	841,131
Accumulated depreciation, assets under operating leases	(252,932)	(235,670)
Assets under operating leases, net	670,415	605,461
Property and Equipment, Total
Property and equipment, at cost	1,318,911	1,216,288
Accumulated depreciation	(374,109)	(351,208)
Property and equipment, net	944,802	865,080
Land [Member]
Non-Leased Assets
Property and equipment excluding assets subject to operating lease, at cost	4,672	4,672
Assets Leased to Valero
Assets under operating leases, at cost	0	0
Property and Equipment, Total
Property and equipment, at cost	4,672	4,672
Pipelines and Related Assets [Member]
Non-Leased Assets
Property and equipment excluding assets subject to operating lease, at cost	224,794	224,656
Assets Leased to Valero
Assets under operating leases, at cost	112,738	47,366
Property and Equipment, Total
Property and equipment, at cost	337,532	272,022
Terminals and Related Assets [Member]
Non-Leased Assets
Property and equipment excluding assets subject to operating lease, at cost	120,774	112,614
Assets Leased to Valero
Assets under operating leases, at cost	810,609	793,765
Property and Equipment, Total
Property and equipment, at cost	931,383	906,379
Other [Member]
Non-Leased Assets
Property and equipment excluding assets subject to operating lease, at cost	10,107	9,538
Assets Leased to Valero
Assets under operating leases, at cost	0	0
Property and Equipment, Total
Property and equipment, at cost	10,107	9,538
Construction-in-Progress [Member]
Non-Leased Assets
Property and equipment excluding assets subject to operating lease, at cost	35,217	23,677
Assets Leased to Valero
Assets under operating leases, at cost	0	0
Property and Equipment, Total
Property and equipment, at cost	$ 35,217	$ 23,677

Debt and Notes Payable - Rela36

Debt and Notes Payable - Related Party (Narrative) (Details) - USD ($)	Apr. 01, 2016	Jun. 30, 2017	Jun. 30, 2016	[1]	Dec. 31, 2016
Revolving Credit Facility (Textual)
Proceeds from debt borrowings		$ 0	$ 139,000,000
Line of Credit [Member] | Revolving Credit Facility [Member]
Revolving Credit Facility (Textual)
Line of credit facility, maximum borrowing capacity		$ 750,000,000
Line of credit facility, expiration date		Nov. 20, 2020
Line of credit facility, higher borrowing capacity option		$ 1,000,000,000
Line of credit facility, interest rate at period end (percent)		2.5625%			2.3125%
Proceeds from debt borrowings	$ 139,000,000
Line of Credit [Member] | Letter of Credit [Member]
Revolving Credit Facility (Textual)
Line of credit facility, maximum borrowing capacity		$ 100,000,000
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Debt and Notes Payable - Relat

Debt and Notes Payable - Related Party (Details) - Subordinated Debt [Member] - Majority Shareholder [Member] - loan_agreements	Jun. 30, 2017	Dec. 31, 2016
Subordinated Credit Agreement (Textual)
Number of subordinated credit agreements entered	2
Subordinated credit agreements, rate at period end (percent)	2.551%	2.27%

Operating Leases (Details)

Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Future Minimum Rentals on Operating Leases
Remainder of 2017	$ 5,340		$ 5,340
2,018	10,812		10,812
2,019	10,796		10,796
2,020	10,797		10,797
2,021	10,792		10,792
Thereafter	245,255		245,255
Total minimum rental payments	293,792		293,792
Total minimum rental expenses	2,736	$ 2,318	5,478	$ 4,603
Related Party [Member]
Future Minimum Rentals on Operating Leases
Remainder of 2017	4,872		4,872
2,018	9,744		9,744
2,019	9,744		9,744
2,020	9,745		9,745
2,021	9,745		9,745
Thereafter	219,893		219,893
Total minimum rental payments	263,743		263,743
Total minimum rental expenses	2,436	2,193	4,873	4,237
Others [Member]
Future Minimum Rentals on Operating Leases
Remainder of 2017	468		468
2,018	1,068		1,068
2,019	1,052		1,052
2,020	1,052		1,052
2,021	1,047		1,047
Thereafter	25,362		25,362
Total minimum rental payments	30,049		30,049
Total minimum rental expenses	$ 300	$ 125	$ 605	$ 366

Cash Distributions (Details)

Cash Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 19, 2017	May 11, 2017	Feb. 10, 2017	Nov. 10, 2016	Aug. 09, 2016	May 10, 2016	Feb. 11, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Quarterly Cash Distributions
Total quarterly distribution (per unit)		$ 0.4275	$ 0.4065	$ 0.3850	$ 0.3650	$ 0.3400	$ 0.3200	$ 0.4550	$ 0.3650	$ 0.8825	$ 0.7050
Distributions		$ 38,043	$ 34,895	$ 32,175	$ 28,912	$ 25,608	$ 22,711	$ 42,111	$ 28,912	$ 80,154	$ 54,520
General Partner’s Distribution, Including Incentive Distribution Rights [Member]
Quarterly Cash Distributions
Distributions								11,092	4,802	19,994	7,952
General Partner Valero [Member]
Quarterly Cash Distributions
Distributions								842	578	1,437	1,090
General Partner IDRs [Member]
Quarterly Cash Distributions
Distributions								10,250	4,224	18,557	6,862
Limited Partner, Common and Subordinated Units [Member]
Quarterly Cash Distributions
Distributions								31,014	24,105	60,150	46,558
Common Unitholders Public [Member]
Quarterly Cash Distributions
Distributions								10,226	7,849	19,831	15,159
Common Unitholder Valero [Member]
Quarterly Cash Distributions
Distributions								20,788	5,747	40,319	11,102
Subordinated Unitholder Valero [Member]
Quarterly Cash Distributions
Distributions								0	10,509	0	20,297
Distribution Equivalent Rights [Member]
Quarterly Cash Distributions
Distributions								$ 5	$ 5	$ 10	$ 10
Subsequent Event [Member]
Quarterly Cash Distributions
Total quarterly distribution (per unit)	$ 0.4550
Distributions	$ 42,111

Net Income Per Limited Partne40

Net Income Per Limited Partner Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016		Jun. 30, 2017	Jun. 30, 2016
Allocation of net income to determine net income available to limited partners:
Distributions, excluding general partner's IDRs	$ 31,856	$ 24,683		$ 61,587	$ 47,648
General partner’s IDRs	10,250	4,224		18,557	6,862
DERs	5	5		10	10
Distributions and DERs declared	42,111	28,912		80,154	54,520
Undistributed earnings	16,332	20,535		36,426	38,225
Net income available to limited partners – basic and diluted	$ 58,443	$ 49,447		$ 116,580	$ 92,745
Net income per limited partner unit – basic and diluted:
Weighted-average units outstanding (shares)	68,157	37,248	[1]	67,912	36,884	[1]
Net income per limited partner unit – basic and diluted (in dollars per share)	$ 0.69	$ 0.67	[1]	$ 1.41	$ 1.28	[1]
General Partner Valero [Member]
Allocation of net income to determine net income available to limited partners:
Distributions, excluding general partner's IDRs	$ 842	$ 578		$ 1,437	$ 1,090
General partner’s IDRs	10,250	4,224		18,557	6,862
Distributions and DERs declared	11,092	4,802		19,994	7,952
Undistributed earnings	327	411		892	765
Net income available to limited partners – basic and diluted	11,419	5,213		20,886	8,717
Limited Partner [Member] | Common Units [Member]
Allocation of net income to determine net income available to limited partners:
Distributions, excluding general partner's IDRs	31,014	13,596		60,150	26,261
Distributions and DERs declared	31,014	13,596		60,150	26,261
Undistributed earnings	16,002	11,348		35,527	21,034
Net income available to limited partners – basic and diluted	$ 47,016	$ 24,944		$ 95,677	$ 47,295
Net income per limited partner unit – basic and diluted:
Weighted-average units outstanding (shares)	68,157	37,248		67,912	36,884
Net income per limited partner unit – basic and diluted (in dollars per share)	$ 0.69	$ 0.67		$ 1.41	$ 1.28
Limited Partner [Member] | Subordinated Units [Member]
Allocation of net income to determine net income available to limited partners:
Distributions, excluding general partner's IDRs		$ 10,509			$ 20,297
Distributions and DERs declared		10,509			20,297
Undistributed earnings		8,772			16,418
Net income available to limited partners – basic and diluted		$ 19,281			$ 36,715
Net income per limited partner unit – basic and diluted:
Weighted-average units outstanding (shares)		28,790			28,790
Net income per limited partner unit – basic and diluted (in dollars per share)		$ 0.67			$ 1.28
Restricted Units [Member]
Allocation of net income to determine net income available to limited partners:
DERs	$ 5	$ 5		$ 10	$ 10
Distributions and DERs declared	5	5		10	10
Undistributed earnings	3	4		7	8
Net income available to limited partners – basic and diluted	$ 8	$ 9		$ 17	$ 18
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Partners' Capital Partners' Cap

Partners' Capital Partners' Capital, Unit Activity (Details) - shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Partners' Capital Roll Forward (Units)
Beginning balance (shares)	68,801,684	66,651,071
Unit-based compensation (shares)	5,997	5,958
Units issued in connection with the acquisition of the McKee Terminal Services Business (shares)		743,648
Public offering of common units (shares)	742,897
General partner units issued (shares)	15,602
Ending balance (shares)	69,566,180	67,400,677
Limited Partner [Member] | Common Unitholders Public [Member]
Partners' Capital Roll Forward (Units)
Beginning balance (shares)	21,738,692	21,509,651
Unit-based compensation (shares)	5,997	5,958
Public offering of common units (shares)	742,897
Ending balance (shares)	22,487,586	21,515,609
Limited Partner [Member] | Common Unitholder Valero [Member]
Partners' Capital Roll Forward (Units)
Beginning balance (shares)	45,687,271	15,018,602
Units issued in connection with the acquisition of the McKee Terminal Services Business (shares)		728,775
Ending balance (shares)	45,687,271	15,747,377
Limited Partner [Member] | Subordinated Unitholder Valero [Member]
Partners' Capital Roll Forward (Units)
Beginning balance (shares)	0	28,789,989
Ending balance (shares)	0	28,789,989
General Partner Valero [Member]
Partners' Capital Roll Forward (Units)
Beginning balance (shares)	1,375,721	1,332,829
Units issued in connection with the acquisition of the McKee Terminal Services Business (shares)		14,873
General partner units issued (shares)	15,602
Ending balance (shares)	1,391,323	1,347,702

Partners' Capital (Details)

Partners' Capital (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	[1]	Sep. 16, 2016
Partners’ capital:
Public offering of common units (shares)	742,897
Compensation paid on issuance of common limited partner units	$ 517	$ 108
Contributions from Valero	$ 748	$ 0
General partner units issued (shares)	15,602
Majority Shareholder [Member]
Partners’ capital:
General partner ownership interest (percent)	2.00%
Limited Partner [Member] | Common Unitholders Public [Member]
Partners’ capital:
Public offering of common units (shares)	742,897
General Partner Valero [Member]
Partners’ capital:
General partner units issued (shares)	15,602
Public Offering [Member]
Partners’ capital:
Aggregate offering price of common units				$ 350,000
Proceeds received	$ 35,200
Compensation paid on issuance of common limited partner units	$ 517
Public Offering [Member] | Limited Partner [Member] | Common Unitholders Public [Member]
Partners’ capital:
Public offering of common units (shares)	742,897
General Partner Valero [Member]
Partners’ capital:
Contributions from Valero	$ 748
General Partner Valero [Member] | General Partner Valero [Member]
Partners’ capital:
General partner units issued (shares)	15,602
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.

Supplemental Cash Flow Inform43

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands		Apr. 01, 2016	Jun. 30, 2017	Jun. 30, 2016
Decrease (increase) in current assets:
Receivables – related party			$ 1,450	$ (2,930)
Receivables			(216)	0
Prepaid expenses and other			366	(449)
Increase (decrease) in current liabilities:
Accounts payable			738	733
Accounts payable – related party			(655)	(2,596)
Accrued liabilities			(118)	(18)
Accrued liabilities – related party			(14)	0
Accrued interest payable			(304)	232
Accrued interest payable – related party			739	49
Taxes other than income taxes			437	403
Deferred revenue – related party			(3,157)	1,134
Changes in current assets and current liabilities			(734)	(3,442)	[1]
Other Noncash Activities
Decrease in accounts payable related to capital expenditures			(1,721)	(3,086)
Noncash capital contributions from Valero for projects related to acquisitions			19,276	15,978
Supplemental Cash Flow Elements [Abstract]
McKee Terminal Services Business - Investing cash outflow				51,361
McKee Terminal Services Business - Financing cash outflow			0	152,639	[1]
Reconciliation of Net Transfers from/to Valero
Net transfers from Valero per statement of cash flows			0	11,378	[1]
Cash Flows Related to Interest Paid
Interest paid			16,044	5,484
Income taxes paid			695	496
McKee Terminal Services Business [Member]
Supplemental Cash Flow Elements [Abstract]
McKee Terminal Services Business - Investing cash outflow			0	51,361	[1]
Majority Shareholder [Member]
Other Noncash Activities
Change in amounts transferred from Valero	[2]			(210)
Noncash capital contributions from Valero for projects related to acquisitions			19,276	15,978
Units issued to Valero Energy Corporation in connection with the acquisition of the McKee Terminal Services Business			0	36,000
Reconciliation of Net Transfers from/to Valero
Net transfers from Valero per statement of partners’ capital	[2]			11,588
Less: Noncash transfers from Valero	[2]			210
Net transfers from Valero per statement of cash flows	[2]			11,378
Majority Shareholder [Member] | McKee Terminal Services Business [Member]
Other Noncash Activities
Units issued to Valero Energy Corporation in connection with the acquisition of the McKee Terminal Services Business		$ 36,000
Supplemental Cash Flow Elements [Abstract]
McKee Terminal Services Business - Investing cash outflow				51,361
McKee Terminal Services Business - Financing cash outflow				152,639
McKee Terminal Services Business - Total cash outflow		$ 204,000		204,000
Majority Shareholder [Member] | Deferred Income Taxes [Member]
Other Noncash Activities
Change in amounts transferred from Valero			0	(35)
Reconciliation of Net Transfers from/to Valero
Less: Noncash transfers from Valero			0	35
Majority Shareholder [Member] | Construction-in-Progress [Member]
Other Noncash Activities
Change in amounts transferred from Valero			0	(175)
Reconciliation of Net Transfers from/to Valero
Less: Noncash transfers from Valero			$ 0	$ 175
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.
[2]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services.

Fair Value of Financial Instr44

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	[1]	Dec. 31, 2015	[1]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, at carrying value	$ 87,977	$ 71,491	$ 67,167		$ 80,783
Notes payable – related party, at carrying amount	370,000	370,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, at carrying amount	$ 495,072	495,355
Senior Notes [Member] | Senior Notes Due in 2026 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument stated rate (percent)	4.375%
Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, at carrying amount	$ 30,000	30,000
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, at fair value	87,977	71,491
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable – related party, at fair value	370,000	370,000
Level 2 [Member] | Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, at fair value	512,935	506,670
Level 2 [Member] | Revolving Credit Facility [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt, at fair value	$ 30,000	$ 30,000
[1]	Financial information has been retrospectively adjusted for the acquisition of the Meraux and Three Rivers Terminal Services Business from Valero Energy Corporation. See Notes 1 and 2.