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Valero Energy Corporation (VLO - Free Report) is the largest independent refiner and marketer of petroleum products in the U.S. It has a refining capacity of 3.0 million barrels per day across 15 refineries located throughout the U.S., Canada and the Caribbean. Valero is also a leading ethanol producer with 11 ethanol plants in the Midwest that have a combined capacity of 1.3 billion gallons per year.
The company is one of the major independent retailers of refined petroleum products in central and southwestern U.S. and in eastern Canada, with about 7,500 retail outlets under various brand names, including Diamond Shamrock, Shamrock and Beacon.
Currently, Valero has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 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. Earnings per share from continuing operations (excluding special items) came in at 81 cents, above the Zacks Consensus Estimate of 74 cents.
Revenue: Revenues of $20.7 billion surpassed the Zacks Consensus Estimate of $16.9 billion.
Key Stats: During the quarter, refining throughput volumes were approximately 2.85 million barrels per day, in line with the year-earlier level.
By feedstock composition, sweet crude, medium/light sour crude and heavy sour crude accounted for 41.5%, 19.2% and 13.4%, respectively. The remaining volumes came from residuals, other feedstock as well as blendstocks and others.
Company-wide throughput margins decreased to $8.22 per barrel from the year-ago level of $10.87 per barrel.
Check back later for our full write up on this Valero earnings report later!
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Valero Energy (VLO) Tops Q4 Earnings, Revenue
Valero Energy Corporation (VLO - Free Report) is the largest independent refiner and marketer of petroleum products in the U.S. It has a refining capacity of 3.0 million barrels per day across 15 refineries located throughout the U.S., Canada and the Caribbean. Valero is also a leading ethanol producer with 11 ethanol plants in the Midwest that have a combined capacity of 1.3 billion gallons per year.
The company is one of the major independent retailers of refined petroleum products in central and southwestern U.S. and in eastern Canada, with about 7,500 retail outlets under various brand names, including Diamond Shamrock, Shamrock and Beacon.
Currently, Valero has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Valero Energy Corporation Price and EPS Surprise
Valero Energy Corporation Price and EPS Surprise | Valero Energy Corporation Quote
Earnings: Valero beats on earnings. Earnings per share from continuing operations (excluding special items) came in at 81 cents, above the Zacks Consensus Estimate of 74 cents.
Revenue: Revenues of $20.7 billion surpassed the Zacks Consensus Estimate of $16.9 billion.
Key Stats: During the quarter, refining throughput volumes were approximately 2.85 million barrels per day, in line with the year-earlier level.
By feedstock composition, sweet crude, medium/light sour crude and heavy sour crude accounted for 41.5%, 19.2% and 13.4%, respectively. The remaining volumes came from residuals, other feedstock as well as blendstocks and others.
Company-wide throughput margins decreased to $8.22 per barrel from the year-ago level of $10.87 per barrel.
Check back later for our full write up on this Valero earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>