We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Valero Energy (VLO) Q3 Earnings
Read MoreHide Full Article
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%.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Valero Energy (VLO) Q3 Earnings
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.