earnings
confidence high
sentiment positive
materiality 0.85
Valero Q4 net income $1,009M ($2.46 EPS) vs loss a year ago; debt reduced $693M
VALERO ENERGY CORP/TX
2021-FY EPS reported
$2.27
revenue$113,977,000,000
- Adjusted net income $1,012M ($2.47 EPS); refining segment operating income $1.3B vs loss of $377M a year ago.
- Q4 refinery throughput 3.0M bpd, up 483k bpd YoY; renewable diesel sales 1.6M gal/day, up 974k gal/day.
- Reduced long-term debt $693M in Q4 and $1.3B for full year 2021; returned $401M to shareholders via dividends.
- DGD 2 expansion at St. Charles commenced ahead of schedule; DGD 3 at Port Arthur now expected Q1 2023.
- Full-year 2021 net income $930M ($2.27 EPS) vs net loss $1,421M ($3.50 loss per share) in 2020.