Start Time: 10:00 January 1, 0000 10:59 AM ET Valero Energy Corporation (NYSE:VLO) Q4 2023 Earnings Conference Call January 25, 2024, 10:00 AM ET Company Participants Lane Riggs - CEO and President Gary Simmons - EVP and COO Greg Bram - VP, Refining Services Jason Fraser - EVP and CFO Eric Fisher - SVP, Product Supply, Trading and Wholesale Homer Bhullar - VP, IR and Finance Conference Call Participants John Royall - JPMorgan Theresa Chen - Barclays Neil Mehta - Goldman Sachs Doug Leggate - Bank of America ...

Valero Energy Corporation (VLO) has reported fourth-quarter 2023 adjusted earnings of $3.55 per share, beating the Zacks Consensus Estimate of $2.95 per share. However, the bottom line significantly declined from the $8.45 reported in the year-ago quarter.Total quarterly revenues dipped from $41,746 million in the prior-year quarter to $35,414 million. The top line also missed the Zacks Consensus Estimate of $37,115 million.Better-than-expected quarterly earnings were primarily driven by a decline in total ...

For the quarter ended December 2023, Valero Energy (VLO) reported revenue of $35.41 billion, down 15.2% over the same period last year. EPS came in at $3.55, compared to $8.45 in the year-ago quarter.The reported revenue represents a surprise of -4.58% over the Zacks Consensus Estimate of $37.11 billion. With the consensus EPS estimate being $2.95, the EPS surprise was +20.34%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Valero Energy (VLO) came out with quarterly earnings of $3.55 per share, beating the Zacks Consensus Estimate of $2.95 per share. This compares to earnings of $8.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.34%. A quarter ago, it was expected that this oil refiner would post earnings of $7.36 per share when it actually produced earnings of $7.49, delivering a surprise of 1.77%.Over the last four quarters, the company ...

SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2023, compared to $3.1 billion, or $8.15 per share, for the fourth quarter of 2022. Excluding the adjustments shown in the accompanying earnings release tables, adjusted net income attributable to Valero stockholders was $3.2 billion, or $8.45 per share, for the fourth quarter of 2022. For 2023, net incom ...

Valero Energy Corporation (VLO) has gained 4.4% in the past six months against a decline of 3.8% of the composite stocks belonging to the energysector.What’s Favoring the Stock?Valero, currently carrying a Zacks Rank #3 (Hold), is a best-in-class oil refiner involved in producing fuels and products that can meet the demands of modern life. Its refineries are located across the United States, Canada and the U.K. A total of 15 petroleum refineries, wherein Valero has ownership interests, have a combined throu ...

Valero Energy Corporation (VLO) is set to report fourth-quarter 2023 results on Jan 25, before the opening bell.In the last reported quarter, the leading refiner beat the Zacks Consensus Estimate for the bottom line on increased refining throughput volumes and a decline in total costs of sales. Valero Energy surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 8.9%, as shown in the chart below.Trend in Estimate RevisionThe Zacks Consensus Estimate for fourth-quart ...

As the buzz around the Congressional stock trading controversy grows, a group of senators has pitched the “Ban Congressional Stock Trading Act” last year to curb potential misuse of insider information. The bill proposes a simple yet impactful solution: Congress members and their families should stow away their stocks in blind trusts or divest to ensure fair play. While the bill awaits its fate, suspicions linger over Capitol Hill’s trading practices. Today, on January 4, Finbold unravels another series of ...

Brandon Bell Introduction I would make the case that I'm not a great client for most brokers, as I have a very low transaction count. I barely trade stocks, and I almost never sell a long-term (dividend) investment. However, last year, I sold my Valero Energy Corporation (NYSE:VLO) investment, which I bought very cheaply during the pandemic. On September 26, 2023, I wrote an article titled "Valero: Despite Massive Strength, I'm Considering Selling (Rating Downgrade)." Since then, shares are down 7.4%, inclu ...

Valero Energy Corporation (NYSE:VLO) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Homer Bhullar - Vice President, Investor Relations & Finance Lane Riggs - Chief Executive Officer & President, Director Gary Simmons - Executive President & Chief Operating Officer Greg Bram - Vice President- Refining Services Jason Fraser - Executive Vice President & Chief Financial Officer Eric Fisher - Senior Vice President-Product Supply & Trading and Wholesale Richard Walsh - Senior V ...