Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Valero Energy Corporation (NYSE: VLO ) recently reported its quarterly results , as refining remains an incredibly volatile industry. The company's share ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-13175 VALERO ENERGY CORPORATION (Exact name of registrant as specified in its charter) Delaw ...

Financial Data and Key Metrics - Net income attributable to Valero stockholders was $364 million or $1 14 per share in Q3 2024 compared to $2 6 billion or $7 49 per share in Q3 2023 [6] - Refining segment operating income was $565 million in Q3 2024 compared to $3 4 billion in Q3 2023 [6] - Refining throughput volumes averaged 2 9 million barrels per day with 90% capacity utilization in Q3 2024 [6] - Renewable Diesel segment operating income was $35 million in Q3 2024 compared to $123 million in Q3 2023 [7] - Ethanol segment operating income was $153 million in Q3 2024 compared to $197 million in Q3 2023 [7] - Net cash provided by operating activities was $1 3 billion in Q3 2024 [8] - Capital investments were $429 million in Q3 2024 with $338 million allocated to sustaining the business [9] - The company returned $907 million to stockholders in Q3 2024 with a payout ratio of 84% [10] Business Segment Performance - Refining cash operating expenses were $4 73 per barrel in Q3 2024 [6] - Renewable diesel sales volumes averaged 3 5 million gallons per day in Q3 2024 up 552 000 gallons per day year-over-year [7] - Ethanol production volumes averaged 4 6 million gallons per day in Q3 2024 up 255 000 gallons per day year-over-year [7] - The Diamond Green Diesel Sustainable Aviation Fuel (SAF) project is mechanically complete and in the process of starting up [4] Market Data and Key Metrics - U S wholesale volumes exceeded 1 million barrels per day for the second consecutive quarter [4] - Gasoline sales were flat year-over-year while diesel sales increased year-over-year [16] - Gasoline exports in Q3 2024 were about 100 000 barrels per day primarily to Latin America and Canada [17] - Diesel exports in Q3 2024 were 260 000 barrels per day primarily to South America and Europe [17] Company Strategy and Industry Competition - The company remains committed to enhancing earnings capability and expanding long-term competitive advantage [4] - Improving diesel demand and low light product inventories are expected to support refining margins [5] - OPEC plus crude supply increases are expected to widen sour crude oil differentials and increase margins [5] - The company expects product demand to exceed supply due to announced refinery shutdowns and limited capacity additions beyond 2025 [5] Management Commentary on Operating Environment and Future Outlook - The third quarter reflected a period of heavy maintenance in the refining segment during a relatively weak margin environment [4] - The company expects refining throughput volumes to fall within specific ranges across different regions in Q4 2024 [12] - Renewable diesel sales volumes are expected to be approximately 1 2 billion gallons in 2024 [13] - Ethanol production is expected to average 4 7 million gallons per day in Q4 2024 [13] Other Important Information - The company ended Q3 2024 with $8 4 billion of total debt $2 5 billion of finance lease obligations and $5 2 billion of cash and cash equivalents [11] - The debt-to-capitalization ratio net of cash and cash equivalents was 17% as of September 30 2024 [11] - The company expects capital investments attributable to Valero for 2024 to be approximately $2 billion [11] Q&A Session Summary Question: Demand for key products and trends [15] - Demand for gasoline is flat to slightly up while diesel demand has increased year-over-year [16] - Total light products in the U S are flat to slightly down year-over-year [17] - Export demand for gasoline and diesel remains strong particularly in Latin America and Europe [17] Question: Capital allocation and buyback program [23] - The company has a minimum commitment of 40% to 50% for shareholder returns and has consistently exceeded this despite margin pullbacks [24] - Excess free cash flow will continue to go towards buybacks [25] Question: California refinery operations and regulatory pressures [26] - California regulatory environment is increasing pressure on operators and all options are on the table for the company's West Coast operations [30] - The company has minimized strategic CapEx in California and maintains reliable operations as a core call option on West Coast cracks [30] Question: Global product supply and trade flows [32] - Net capacity additions of 300 000 barrels per day are expected in 2025 with tightening balances anticipated [33] - The company expects an extended period of tighter refining margins due to limited capacity additions and growing product demand [33] Question: Renewable diesel and SAF operations [34] - The SAF project startup is progressing well with strong commercial interest and contracting [35] - The company expects the SAF project to exceed its minimum return threshold of 25% after tax [36] Question: Refinery utilization and potential closures [38] - The company expects additional refinery closures globally particularly in Europe and the Far East [41] - Refinery utilization rates are expected to align with historic levels but some capacity may require significant capital investment [39] Question: California refinery cost competitiveness [42] - The West Coast operations are the company's highest cost structure due to regulatory environment and crude supply challenges [42] - The company positions its West Coast assets as a call option for when supply imbalances occur [42] Question: California regulatory impact and political interference [44] - California policies have historically increased costs for consumers and impaired supply [29] - The company is monitoring regulatory developments and will react accordingly [45] Question: Diesel demand trends [46] - Diesel demand has shown a 5% year-over-year increase in the last two weeks with tightening inventories heading into winter [46] Question: Ethanol production and export opportunities [70] - Ethanol production guidance for Q4 2024 is at an all-time record due to expanded export markets and increased global interest in ethanol [70] - The company has grown its ethanol capacity in anticipation of global demand increases [70] Question: Financial framework and balance sheet usage [73] - The company targets a cash balance of $4 billion to $5 billion in a normalized environment and expects to trend down from current levels [73] - The $4 billion cash balance provides flexibility to continue buybacks during downturns [74] Question: Product exports and market dynamics [75] - Gasoline inventories are low indicating a pull rather than a push for exports [75] - The company is able to sell to international markets at a higher price than the U S Gulf Coast [76]

Valero Energy Corporation (VLO) reported third-quarter 2024 adjusted earnings of $1.14 per share, which missed the Zacks Consensus Estimate of $1.29. The bottom line also declined from $7.49 reported in the yearago quarter. Total quarterly revenues decreased from $38,404 million in the prior-year quarter to $32,876 million. The top line also missed the Zacks Consensus Estimate of $33,041 million. The weak quarterly results can be primarily attributed to a significant decline in refining throughput volumes. ...

Valero Energy (VLO) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $7.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.63%. A quarter ago, it was expected that this oil refiner would post earnings of $2.61 per share when it actually produced earnings of $2.71, delivering a surprise of 3.83%.Over the last four quarters, the company ...

Exhibit 99.01 Valero Energy Reports Third Quarter 2024 Results • Reported net income attributable to Valero stockholders of $364 million, or $1.14 per share • Returned $907 million to stockholders through dividends and stock buybacks • Successfully completed the Diamond Green Diesel (DGD) Port Arthur Sustainable Aviation Fuel (SAF) project in October SAN ANTONIO, October 24, 2024 – Valero Energy Corporation (NYSE: VLO, "Valero") today reported net income attributable to Valero stockholders of $364 million, ...

Investors looking for the lowest cost refiner should look no further than Valero Energy (NYSE: VLO ). The company's operating structure provides a wide moat advantage that allows the company to produce strong financial results even inI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real es ...

Valero Energy Corporation (VLO) is set to report third-quarter 2024 results on Oct. 24, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, Valero Energy’s adjusted earnings of $2.71 per share beat the Zacks Consensus Estimate of $2.61, primarily due to an increase in refining throughput volumes. Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 11.52%. This is depi ...

In the latest market close, Valero Energy (VLO) reached $137.04, with a +0.29% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%.The oil refiner's stock has dropped by 1.47% in the past month, exceeding the Oils-Energy sector's loss of 7.82% and lagging the S&P 500's gain of 3.76%.Investors will be eagerly watching for the performance of Valero Energy in its upcoming earnings disclosure. The ...

The latest trading session saw Valero Energy (VLO) ending at $142.34, denoting a -0.26% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.Coming into today, shares of the oil refiner had gained 6.4% in the past month. In that same time, the Oils-Energy sector lost 2.26%, while the S&P 500 gained 5.36%.The investment community will be closely monitoring the performance o ...