For the quarter ended December 2023, Valero Energy (VLO - Free Report) reported revenue of $35.41 billion, down 15.2% over the same period last year. EPS came in at $3.55, compared to $8.45 in the year-ago quarter.
The reported revenue represents a surprise of -4.58% over the Zacks Consensus Estimate of $37.11 billion. With the consensus EPS estimate being $2.95, the EPS surprise was +20.34%.
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. Gulf Coast region - Throughput volumes per day: 1816 thousands of barrels of oil compared to the 1809.75 thousands of barrels of oil average estimate based on five analysts.
- U.S. Mid-Continent region - Throughput volumes per day: 462 thousands of barrels of oil versus the five-analyst average estimate of 457.72 thousands of barrels of oil.
- North Atlantic region - Throughput volumes per day: 452 thousands of barrels of oil compared to the 484.27 thousands of barrels of oil average estimate based on five analysts.
- U.S. West Coast region - Throughput volumes per day: 265 thousands of barrels of oil versus the five-analyst average estimate of 259.37 thousands of barrels of oil.
- U.S. Gulf Coast region - Refining margin per barrel of throughput: $11.69 versus the five-analyst average estimate of $12.43.
- U.S. West Coast region - Refining margin per barrel of throughput: $14.51 versus the five-analyst average estimate of $16.01.
- North Atlantic region - Refining margin per barrel of throughput: $20.36 versus $16.41 estimated by five analysts on average.
- U.S. Mid-Continent region - Refining margin per barrel of throughput: $9.42 compared to the $11.87 average estimate based on five analysts.
- Total operating revenues- Refining: $33.56 billion versus $34.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.3% change.
- Total operating revenues- Renewable diesel: $1.63 billion compared to the $1.17 billion average estimate based on three analysts. The reported number represents a change of +2.5% year over year.
- Total operating revenues- Ethanol: $1.33 billion compared to the $1.21 billion average estimate based on three analysts. The reported number represents a change of -1.2% year over year.
- Total operating revenues- Corporate and Eliminations: -$1.11 billion versus the two-analyst average estimate of -$586.66 million. The reported number represents a year-over-year change of +39.6%.
View all Key Company Metrics for Valero Energy here>>>Shares of Valero Energy have returned -1.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2023, Valero Energy (VLO - Free Report) reported revenue of $35.41 billion, down 15.2% over the same period last year. EPS came in at $3.55, compared to $8.45 in the year-ago quarter.
The reported revenue represents a surprise of -4.58% over the Zacks Consensus Estimate of $37.11 billion. With the consensus EPS estimate being $2.95, the EPS surprise was +20.34%.
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. Gulf Coast region - Throughput volumes per day: 1816 thousands of barrels of oil compared to the 1809.75 thousands of barrels of oil average estimate based on five analysts.
- U.S. Mid-Continent region - Throughput volumes per day: 462 thousands of barrels of oil versus the five-analyst average estimate of 457.72 thousands of barrels of oil.
- North Atlantic region - Throughput volumes per day: 452 thousands of barrels of oil compared to the 484.27 thousands of barrels of oil average estimate based on five analysts.
- U.S. West Coast region - Throughput volumes per day: 265 thousands of barrels of oil versus the five-analyst average estimate of 259.37 thousands of barrels of oil.
- U.S. Gulf Coast region - Refining margin per barrel of throughput: $11.69 versus the five-analyst average estimate of $12.43.
- U.S. West Coast region - Refining margin per barrel of throughput: $14.51 versus the five-analyst average estimate of $16.01.
- North Atlantic region - Refining margin per barrel of throughput: $20.36 versus $16.41 estimated by five analysts on average.
- U.S. Mid-Continent region - Refining margin per barrel of throughput: $9.42 compared to the $11.87 average estimate based on five analysts.
- Total operating revenues- Refining: $33.56 billion versus $34.29 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15.3% change.
- Total operating revenues- Renewable diesel: $1.63 billion compared to the $1.17 billion average estimate based on three analysts. The reported number represents a change of +2.5% year over year.
- Total operating revenues- Ethanol: $1.33 billion compared to the $1.21 billion average estimate based on three analysts. The reported number represents a change of -1.2% year over year.
- Total operating revenues- Corporate and Eliminations: -$1.11 billion versus the two-analyst average estimate of -$586.66 million. The reported number represents a year-over-year change of +39.6%.
View all Key Company Metrics for Valero Energy here>>>Shares of Valero Energy have returned -1.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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