U.S. refiner Valero Energy Corp plans to operate its 14 refineries up to 92% of their combined 3.2 million barrel-per-day (bpd) total throughput capacity in the third quarter of 2024, according to plans announced by Homer Bhullar, vice president of investor relations.
Valero's (VLO) Q2 earnings and revenues beat estimates on soaring refining throughput volumes, partially offset by lower margins.
Valero Energy (VLO) came out with quarterly earnings of $2.71 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $5.40 per share a year ago.
Higher crude oil prices outpaced refined product price increases in Q2, potentially squeezing Valero Energy's (VLO) margins and affecting its quarterly performance.
Valero Energy (VLO) closed at $148.33 in the latest trading session, marking a +0.37% move from the prior day.
In the closing of the recent trading day, Valero Energy (VLO) stood at $147.78, denoting a -1.51% change from the preceding trading day.
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) reachead $147.92 at the closing of the latest trading day, reflecting a +0.87% change compared to its last close.
Valero's (VLO) premium refining operations are resilient, even when the business operating environment is carbon-constrained.
Positive outlook for Valero supported by limited global refinery additions, improving margins in renewable diesel, and potential upside from SAF mandates. The company is a best-in-class operator with clear benefits from exporting to Europe. Valero's valuation suggests potential for further upside, which is also supported by buybacks.
Valero Energy (VLO) closed at $150.73 in the latest trading session, marking a +0.35% move from the prior day.
In the latest trading session, Valero Energy (VLO) closed at $151.11, marking a +0.69% move from the previous day.