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Valero Energy Corporation (NYSE:VLO ) Q3 2025 Earnings Call October 23, 2025 10:00 AM EDT Company Participants Homer Bhullar - Vice President of Investor Relations & Finance Lane Riggs - CEO, President & Chairman Gary Simmons - Executive VP & COO Eric Fisher - Senior Vice President of Product Supply, Trading & Wholesale Greg Bram Richard Walsh - Executive VP & General Counsel Conference Call Participants Sam Margolin - Wells Fargo Securities, LLC, Research Division Manav Gupta - UBS Investment Bank, Research Division Neil Mehta - Goldman Sachs Group, Inc., Research Division Theresa Chen - Barclays Bank PLC, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Ryan Todd - Piper Sandler & Co., Research Division Paul Cheng - Scotiabank Global Banking and Markets, Research Division Joseph Laetsch - Morgan Stanley, Research Division Phillip Jungwirth - BMO Capital Markets Equity Research Matthew Blair - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division Jason Gabelman - TD Cowen, Research Division Nitin Kumar - Mizuho Securities USA LLC, Research Division Presentation Operator Greetings, and welcome to Valero Energy Corp. Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
VLO posts a strong Q3 earnings beat as higher refining and ethanol margins offset weaker renewable diesel sales.
Valero Energy (VLO) came out with quarterly earnings of $3.66 per share, beating the Zacks Consensus Estimate of $2.95 per share. This compares to earnings of $1.14 per share a year ago.
Valero gears up for Q3 results with earnings estimated to rise 158% year over year, even as revenues are projected to decline nearly 10%.
Recently, Zacks.com users have been paying close attention to Valero Energy (VLO). This makes it worthwhile to examine what the stock has in store.
In the closing of the recent trading day, Valero Energy (VLO) stood at $163.42, denoting a +1.88% move from the preceding trading day.
The refining macro has continued to demonstrate strength in the third quarter. Crack spreads have continued to rise over Q2 levels which was very profitable. VLO is set up for a win-win situation with its Benicia refinery. It is unclear how the situation will unfold but either outcome is positive for VLO's earnings. I expect significant improvement in the company's valuation in the near term as weak quarters fall off the trailing twelve-month metric and are replaced by stronger performances.
Valero's shares have rebounded as refining margins normalized, and crack spreads remain healthy, supporting strong profitability and justifying my continued "Buy" rating. Operational excellence, best-in-class cost control, and a conservative balance sheet position Valero to maximize shareholder returns through buybacks and a secure 3.3% dividend. Macro conditions have improved with OPEC+ boosting production and refinery closures tightening supply, supporting wider crack spreads and Valero's long-term earnings power.
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 Corporation (NYSE:VLO ) Q2 2025 Earnings Conference Call July 24, 2025 10:00 AM ET Company Participants Eric Fisher - Senior Vice President of Product Supply, Trading & Wholesale Gary K. Simmons - Executive VP & COO Greg Bram - Corporate Participant Homer Bhullar - Vice President of Investor Relations & Finance R.
VLO Q2 earnings and revenues decline year over year due to a fall in refining throughput volumes.