Valero Energy Corporation (NYSE:VLO) 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
Valero Energy Corporation Price and EPS Surprise | Valero Energy Corporation Quote
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Valero Energy Corporation (VLO): Free Stock Analysis Report
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