Valero Energy CorporationVLO is a prominent refiner and marketer of petroleum products in the United States. It has a refining capacity of 3.1 million barrels per day across 15 refineries located throughout the U.S., Canada and the Caribbean.
Currently, Valero has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Valero beats on earnings. Adjusted earnings per share from continuing operations came in at $1.91, above the Zacks Consensus Estimate of $1.84.
Revenue: Revenues of $23.6 billion surpassed the Zacks Consensus Estimate of $20.2 billion.
Key Stats: During the quarter, refining throughput volumes were nearly 3 million barrels per day, almost in line with the year-earlier level.
By feedstock composition, sweet crude, medium/light sour crude and heavy sour crude accounted for 52.4%, 16.3% and 17.3%, respectively. The remaining volumes came from residuals, other feedstock as well as blendstocks and others.
Company-wide throughput margins increased to $10.94 per barrel from the year-ago level of $8.72 per barrel.
(You can see the complete list of today's Zacks #1 Rank stocks here )
Check back later for our full write up on this Valero earnings report later!
Valero Energy Corporation Price and EPS Surprise
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