Valero reports Q1 adjusted EPS $4.22, consensus $3.16

Reports Q1 revenue $32.38B, consensus $29.87B. “I am pleased to report that Valero (VLO) had an excellent first quarter, demonstrating our team’s ability to optimize our refining system and deliver strong financial returns,” said Lane Riggs, Valero’s Chairman, Chief Executive Officer and President. “In a period marked with considerable disruption in commodity markets, our operations, commercial, and financial teams executed well. Our strong performance in a volatile first quarter underscores Valero’s operational, commercial, and financial strength. We remain focused on things we can control – operational excellence, system-wide optimization, and disciplined financial decision-making – and we continue to be well-positioned to benefit from the current margin environment”.