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October 05, 2015 7:23 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Oiltanking Partners, L.P.

Company Overview

Oiltanking Partners, L.P. provides integrated terminaling, storage, pipeline, and related services for companies engaged in the production, distribution, and marketing of crude oil, refined petroleum products, and LPG in the United States. The company handles crude oil; chemical feedstocks, such as naphtha and condensate; liquefied petroleum gas; and refined petroleum products, including gasoline and distillates. It also operates a crude oil and refined petroleum products terminal on the Houston Ship Channel; and a Beaumont terminal on the Neches River that serves as a regional hub for refined petroleum products for refineries located in the Gulf Coast region. As of December 31, 2012, the co...

333 Clay Street

Suite 2400

Houston, TX 77002

United States

Founded in 2011





Key Executives for Oiltanking Partners, L.P.

Chief Executive Officer of OTLP GP LLC and President of OTLP GP LLC
Chief Financial Officer of OTLP GP LLC
Compensation as of Fiscal Year 2015.

Oiltanking Partners, L.P. Key Developments

Oiltanking Partners, L.P.(NYSE:OILT) dropped from Alerian MLP Index

Oiltanking Partners, L.P. will be removed from Alerian MLP Index.

Oiltanking Partners, L.P. Announces Fourth Quarter Cash Distribution, Payable on February 12, 2015

Oiltanking Partners, L.P announced that it is raising its quarterly cash distribution to $0.285 per unit, or $1.14 per unit on an annualized basis for the fourth quarter, representing an increase of 4.6% from third quarter and up 21.3% from a year earlier. The payment will be made on Feb. 12 to unitholders of record at the close of business son Jan. 30.

Andrews & Springer LLC Files Class Action Lawsuit Against Oiltanking Partners, L.P

Andrews & Springer LLC announced that a class action lawsuit has been filed by another law firm on behalf of unitholders of Oiltanking Partners, L.P. seeking to challenge the company's recently announced merger. On November 12, 2014, Oiltanking and Enterprise Products Partners L.P. announced the signing of a definitive merger agreement pursuant to which Enterprise will acquire Oiltanking in a merger in a deal worth $1.4 billion. As a result of the merger, Oiltanking unitholders are only anticipated to receive a fixed ratio of 1.3 common units of Enterprise in exchange for each unit of Oiltanking. The consideration that Oiltanking unitholders are expected to receive is insufficient and fails to adequately compensate Oiltanking's unitholders. Analysts at Yahoo! Finance have set a $61.00 per unit price target for Oiltanking, which is approximately 18.67% more than what Oiltanking unitholders are expected to receive based on Enterprise's unit price as of November 21, 2014. Following the merger, Oiltanking unitholders are expected to be substantially diluted owning a smaller percentage of the surviving company. Additionally, the 1.3 fixed exchange ratio restricts the value that Oiltanking unitholders are expected to receive by exposing Oiltanking unitholders to the volatility of Enterprise's unit price. In this year alone, Enterprise has traded as low as $32.32 on February 5, 2014.

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