UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 29, 2003 VALERO L.P. (Exact name of registrant as specified in its charter) Delaware 1-16417 74-2956831 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) One Valero Place San Antonio, Texas 78212 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (210) 370-2000 ------------------------------ Item 7. Financial Statements and Exhibits. (c) Exhibits. 99.1 Press Release dated October 29, 2003. Item 12. Results of Operations and Financial Condition. On October 29, 2003, Valero L.P. (the "Partnership") issued a press release announcing financial results for the quarter ended September 30, 2003. A copy of the press release is furnished with this report as Exhibit 99.1, and is incorporated herein by reference. The press release discloses certain financial measures (EBITDA and distributable cash flow) that are non-GAAP financial measures as defined under SEC rules. The press release furnishes a reconciliation of these non-GAAP financial measures to their nearest GAAP financial measures. Reasons for the Partnership's use of these non-GAAP financial measures are disclosed in the Partnership's annual report on Form 10-K for the year ended December 31, 2002, under the caption "Item 6. Selected Financial Data." The information in this report is being furnished, not filed, pursuant to Item 12 of Form 8-K. Accordingly, the information in Item 12 of this report will not be incorporated by reference into any registration statement filed by the Partnership under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VALERO L.P. By: Riverwalk Logistics, L.P. its general partner By: Valero GP, LLC its general partner Date: November 3, 2003 By: /s/Bradley C. Barron ------------------------- Name: Bradley C. Barron Title: Corporate Secretary 3 EXHIBIT INDEX Number Exhibit 99.1 Press Release dated October 29, 2003. 4