Valero Posts $6.8B Third-Quarter Net Income
VLO has more than doubled off its 52-week low of $156.26.
Summary
Valero reported third-quarter net income of $6.8 billion, a huge jump from the $3.72 billion it earned in the second quarter, on revenue of $46.1 billion and EPS of $23.89, or $23.90 on an adjusted basis. The refining segment posted operating income of $8.8 billion, with refineries operated at near-record utilization rates, and net cash provided by operating activities came to $6.9 billion. The company is riding record refining margins that already produced a 24% Q2 EPS beat ($12.54 vs. $10.12 consensus) and a 140.6% year-to-date share gain. The stock sits near its 52-week high of $461.52, so this print validates the run rather than resetting expectations. Watch the full release for throughput, margin capture, and any buyback update against the $6.4 billion authorization.
At the time of this announcement, VLO was trading at $445.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $125.8B. The 52-week trading range was $156.26 to $461.52. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.