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Valero Energy (VLO)
NYSE:VLO
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.66Last Year’s EPS
3.82Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -24.33%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Valero's achievements in safety, environmental performance, and renewable diesel growth, as well as strong shareholder returns and financial management. However, these positives were counterbalanced by significant declines in net income, challenges in the ethanol and refining segments, and reduced processing activity. The sentiment is mixed, reflecting both strong operational performance and financial challenges.Company Guidance
During Valero Energy Corp.'s fourth quarter 2024 earnings call, several key metrics and forward-looking guidance were discussed. The company reported a net income attributable to stockholders of $281 million, or $0.88 per share, compared to $1.2 billion, or $3.55 per share, in the fourth quarter of 2023. Adjusted net income was $207 million, or $0.64 per share. In refining, the throughput volumes averaged 3 million barrels per day with a utilization rate of 94%, and cash operating expenses were $4.67 per barrel. The Renewable Diesel segment achieved an operating income of $170 million with sales averaging 3.4 million gallons per day, while the Ethanol segment reported $20 million in operating income with production averaging 4.6 million gallons per day. For 2025, Valero expects capital investments to be around $2 billion, with $1.6 billion allocated to sustaining operations. First-quarter refining throughput volumes are expected to fall within specific ranges across different regions, with expected refining cash operating expenses at approximately $4.95 per barrel. The company also anticipates Renewable Diesel sales to reach 1.2 billion gallons in 2025, with operating expenses of $0.51 per gallon.Record Safety and Environmental Performance
2024 marked Valero's best year in personnel and process safety and one of the best in environmental performance, highlighting the company's commitment to safe and reliable operations.
Ethanol Production Record
Valero set a record for ethanol production in the fourth quarter, driven by the expansion of the Charles City plant and process optimization at other sites.
Renewable Diesel Segment Growth
The Renewable Diesel segment reported $170 million in operating income for Q4 2024, compared to $84 million in Q4 2023, with sales volumes averaging 3.4 million gallons per day.
Strong Shareholder Returns
Valero maintained a strong payout ratio of 78% for 2024 and approved a 6% increase in the quarterly cash dividend, reflecting its solid financial position.
Debt Reduction and Share Repurchases
Since the start of 2021, Valero reduced debt by over $4 billion and returned approximately $18.7 billion to stockholders through dividends and share buybacks, reducing share count by 6% in 2024.
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VLO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VLO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $138.35 | $135.42 | -2.12% |
| Oct 24, 2024 | $130.82 | $129.31 | -1.15% |
| Jul 25, 2024 | $145.53 | $153.53 | +5.50% |
| Apr 25, 2024 | $162.19 | $162.32 | +0.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Valero Energy (VLO) report earnings?
Valero Energy (VLO) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Valero Energy (VLO) earnings time?
Valero Energy (VLO) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VLO EPS forecast?
VLO EPS forecast for the fiscal quarter 2025 (Q1) is 0.66.
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