Valero Energy Corporation (NYSE:VLO ) Q4 2024 Earnings Conference Call January 30, 2024 10:00 AM ET Company Participants Homer Bhullar - Vice President of Investor Relations and Finance Lane Riggs - Chairman, Chief Executive Officer and President Jason Fraser - Executive Vice President and Chief Financial Officer Gary Simmons - Executive Vice President and Chief Operating Officer Greg Bram - Vice President, Refining Services Eric Fisher - Senior Vice President Product Supply, Trading and Wholesale Richard Walsh - Vice President and Deputy General Counsel Conference Call Participants John Royall - J.P. Morgan Doug Leggate - Wolfe Research Neil Mehta - Goldman Sachs Theresa Chen - Barclays Manav Gupta - UBS Paul Sankey - Sankey Research Roger Read - Wells Fargo Ryan Todd - Piper Sandler Paul Cheng - Scotiabank Joe Laetsch - Morgan Stanley Matthew Blair - Tudor, Pickering, Holt Jason Gabelman - TD Cowen Operator Greetings, and welcome to Valero Energy Corp. Fourth Quarter 2024 Earnings Conference Call.
VLO Q4 earnings and revenues decline year over year, primarily due to lower refining margins per barrel of throughput.
Valero Energy (VLO -0.12%), a leading international manufacturer and marketer of transportation fuels and petrochemical products, released its earnings for the fourth quarter of 2024 on Jan. 30, 2025. The company recorded an adjusted earnings per share (EPS) of $0.64.
Valero Energy (VLO) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $3.55 per share a year ago.
Refiner Valero Energy beat fourth-quarter profit estimates on Thursday.
I maintain a hold rating on Valero Energy due to fair valuation and mixed chart indicators ahead of its Q4 earnings report. Valero's Q3 results showed strong revenue but declining refining and renewable diesel segment profits, with shares down 1.2% post-report. Key risks include declining US crack spreads, regulatory changes, and natural disasters, though Valero's free cash flow yield remains impressive.
Weaker global demand for refined products, shrinking crack spreads and heightened competition abroad are likely to have affected VLO's Q4 earnings.
In the latest trading session, Valero Energy (VLO) closed at $139.63, marking a -0.77% move from the previous day.
Zacks.com users have recently been watching Valero Energy (VLO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Valero Energy (VLO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Valero Energy (VLO) closed the most recent trading day at $141.05, moving +1.21% from the previous trading session.
Valero Energy (VLO) concluded the recent trading session at $139.37, signifying a +1.06% move from its prior day's close.