earnings
confidence high
sentiment negative
materiality 0.80
Valero Q3 net income $364M ($1.14 EPS) vs $2.6B ($7.49) YoY; refining down sharply
VALERO ENERGY CORP/TX
2024-Q3 EPS reported
$7.66
revenue$99,125,000,000
- Refining segment operating income $565M vs $3.4B YoY; throughput avg 2.9M bpd amid heavy maintenance.
- Renewable diesel op income $35M (down from $123M), but sales volumes up 552k gpd to 3.5M gpd.
- Ethanol segment $153M op income vs $197M; production volumes up 255k gpd to 4.6M gpd.
- Returned $907M to holders: $342M dividends + $565M buybacks (3.8M shares); payout ratio 84%.
- DGD Port Arthur SAF project completed Oct; optionality to upgrade ~50% of 470M gal renewable diesel capacity.