Valero Energy Q4 Earnings Beat Expectations Despite Refining Woes: Details

Valero Energy Corporation VLO reported a fourth-quarter sales decline of 13.2% year-on-year to $30.76 billion, beating the analyst consensus estimate of $30.20 billion.

The Refining segment posted an operating income of $437 million, down from $1.6 billion in the prior year quarter. During this quarter, refining throughput averaged 3 million barrels per day.

Operating income from the Ethanol segment stood at $20 million, down from $190 million in the fourth quarter of 2023. Production volumes averaged 4.6 million gallons per day, up 117 thousand gallons per day compared to the previous year.

The Renewable Diesel segment recorded an operating income of $170 million, up from $84 million in the year-ago quarter. Segment sales volumes averaged 3.36 million gallons per day during the quarter, down 417 thousand gallons per day Y/Y.

Adjusted EPS of $0.64 beat the consensus estimate of $0.07.

Valero returned $601 million to stockholders, comprising $339 million in dividends and $262 million worth of share repurchases.

Valero ended the quarter with $8.1 billion of total debt and $4.65 billion of cash and cash equivalents.

On January 16, 2025, Valero announced an increase of its quarterly cash dividend on common stock from $1.07 to $1.13 per share.

Price Action: VLO shares are trading lower by 1.77% at $137.01 at the last check Thursday.

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