Insights Into Valero Energy (VLO) Q2: Wall Street Projections for Key Metrics

Core Viewpoint - Valero Energy (VLO) is expected to report a significant decline in quarterly earnings and revenues compared to the previous year, with analysts predicting earnings of $1.76 per share and revenues of $27.84 billion, reflecting decreases of 35.1% and 19.3% respectively [1]. Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 11.2% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3]. Revenue Estimates - Analysts forecast 'Total operating revenues - Renewable diesel' to be $783.18 million, down 33.9% year-over-year [5]. - The estimate for 'Total operating revenues - Ethanol' is $1.10 billion, suggesting a decrease of 2% from the previous year [5]. - 'Total operating revenues - Refining' is expected to reach $26.94 billion, indicating an 18.5% decline from the prior-year quarter [5]. Refining Margins - The 'U.S. Mid-Continent region - Refining margin per barrel of throughput' is projected at $10.39, up from $9.73 in the same quarter last year [6]. - The 'U.S. West Coast region - Refining margin per barrel of throughput' is estimated at $16.18, compared to $14.86 in the previous year [6]. - The 'U.S. Gulf Coast region - Refining margin per barrel of throughput' is expected to be $10.80, slightly up from $10.36 year-over-year [7]. Throughput Volumes - 'Refining - Throughput volumes per day' is projected to be 2,797.77 thousand barrels, down from 3,010.00 thousand barrels in the previous year [7]. - The 'U.S. Gulf Coast region - Throughput volumes per day' is estimated at 1,787.60 thousand barrels, compared to 1,827.00 thousand barrels last year [8]. - The 'U.S. Mid-Continent region - Throughput volumes per day' is expected to be 399.23 thousand barrels, down from 438.00 thousand barrels year-over-year [9]. - The 'North Atlantic region - Throughput volumes per day' is projected at 334.68 thousand barrels, down from 469.00 thousand barrels in the previous year [10]. Stock Performance - Over the past month, Valero Energy shares have increased by 6.7%, outperforming the Zacks S&P 500 composite's increase of 5.9% [11].