earnings
confidence high
sentiment positive
materiality 0.75
Valero Q3 2021 net income $463M ($1.13 EPS), refining ops income $835M vs loss year ago
VALERO ENERGY CORP/TX
2021-Q3 EPS reported
-$0.20
revenue$78,074,000,000
- Reported net income of $463M ($1.13 per share); adjusted net income $500M ($1.22 per share).
- Refining segment operating income of $835M vs a $629M loss in Q3 2020; throughput up 338k bpd.
- Renewable diesel segment operating income $108M; DGD 2 expansion completed on budget and ahead of schedule.
- Returned $400M to stockholders via dividends; redeemed $575M Floating Rate Senior Notes due 2023.
- Capital investments attributable to Valero forecasted at $2.0B for 2021; DGD 3 expected in early 2023.