Valero Energy (VLO) Tops Q1 EPS by 5c
Valero Energy (NYSE: VLO) reported Q1 EPS of $0.68, $0.05 better than the analyst estimate of $0.63. Revenue for the quarter came in at $21.77 billion versus the consensus estimate of $19.16 billion.
First Quarter Highlights:
- Reported net income attributable to Valero stockholders of $305 million, or $0.68 per share.
- Invested $641 million of growth and sustaining capital in the first quarter.
- Returned $629 million in cash to stockholders through dividends and stock buybacks.
- Incurred $146 million of costs to meet biofuel blending obligations, primarily from the purchase of Renewable Identification Numbers (RINs).
- Created new VLP segment to report the results of Valero’s majority-owned master limited partnership.
For earnings history and earnings-related data on Valero Energy (VLO) click here.
