Valero Energy (VLO - Free Report) reported $38.4 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 13.6%. EPS of $7.49 for the same period compares to $7.14 a year ago.
The reported revenue represents a surprise of -1.42% over the Zacks Consensus Estimate of $38.96 billion. With the consensus EPS estimate being $7.36, the EPS surprise was +1.77%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Valero Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- U.S. Mid-Continent region - Refining margin per barrel of throughput: $20.53 versus $20.76 estimated by five analysts on average.
- U.S. West Coast region - Refining margin per barrel of throughput: $30.19 versus the five-analyst average estimate of $30.07.
- U.S. West Coast region - Throughput volumes per day: 271 thousands of barrels of oil versus 254.48 thousands of barrels of oil estimated by five analysts on average.
- North Atlantic region - Refining margin per barrel of throughput: $20.39 versus $20.08 estimated by five analysts on average.
- U.S. Gulf Coast region - Refining margin per barrel of throughput: $17.39 versus the five-analyst average estimate of $18.67.
- U.S. Gulf Coast region - Throughput volumes per day: 1834 thousands of barrels of oil versus 1810.18 thousands of barrels of oil estimated by five analysts on average.
- U.S. Mid-Continent region - Throughput volumes per day: 456 thousands of barrels of oil versus the five-analyst average estimate of 465.44 thousands of barrels of oil.
- North Atlantic region - Throughput volumes per day: 461 thousands of barrels of oil versus the five-analyst average estimate of 450.01 thousands of barrels of oil.
- Total operating revenues- Renewable diesel: $1.43 billion versus $1.23 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
- Total operating revenues- Ethanol: $1.43 billion compared to the $1.29 billion average estimate based on three analysts. The reported number represents a change of +3.5% year over year.
- Total operating revenues- Refining: $36.53 billion versus the three-analyst average estimate of $37.12 billion. The reported number represents a year-over-year change of -13.6%.
- Total operating revenues- Corporate and Eliminations: -$990 million versus the two-analyst average estimate of -$679.27 million. The reported number represents a year-over-year change of +42.2%.
View all Key Company Metrics for Valero Energy here>>>Shares of Valero Energy have returned -11.9% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Valero Energy (VLO - Free Report) reported $38.4 billion in revenue for the quarter ended September 2023, representing a year-over-year decline of 13.6%. EPS of $7.49 for the same period compares to $7.14 a year ago.
The reported revenue represents a surprise of -1.42% over the Zacks Consensus Estimate of $38.96 billion. With the consensus EPS estimate being $7.36, the EPS surprise was +1.77%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Valero Energy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- U.S. Mid-Continent region - Refining margin per barrel of throughput: $20.53 versus $20.76 estimated by five analysts on average.
- U.S. West Coast region - Refining margin per barrel of throughput: $30.19 versus the five-analyst average estimate of $30.07.
- U.S. West Coast region - Throughput volumes per day: 271 thousands of barrels of oil versus 254.48 thousands of barrels of oil estimated by five analysts on average.
- North Atlantic region - Refining margin per barrel of throughput: $20.39 versus $20.08 estimated by five analysts on average.
- U.S. Gulf Coast region - Refining margin per barrel of throughput: $17.39 versus the five-analyst average estimate of $18.67.
- U.S. Gulf Coast region - Throughput volumes per day: 1834 thousands of barrels of oil versus 1810.18 thousands of barrels of oil estimated by five analysts on average.
- U.S. Mid-Continent region - Throughput volumes per day: 456 thousands of barrels of oil versus the five-analyst average estimate of 465.44 thousands of barrels of oil.
- North Atlantic region - Throughput volumes per day: 461 thousands of barrels of oil versus the five-analyst average estimate of 450.01 thousands of barrels of oil.
- Total operating revenues- Renewable diesel: $1.43 billion versus $1.23 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
- Total operating revenues- Ethanol: $1.43 billion compared to the $1.29 billion average estimate based on three analysts. The reported number represents a change of +3.5% year over year.
- Total operating revenues- Refining: $36.53 billion versus the three-analyst average estimate of $37.12 billion. The reported number represents a year-over-year change of -13.6%.
- Total operating revenues- Corporate and Eliminations: -$990 million versus the two-analyst average estimate of -$679.27 million. The reported number represents a year-over-year change of +42.2%.
View all Key Company Metrics for Valero Energy here>>>Shares of Valero Energy have returned -11.9% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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