Valero Energy (NYSE: VLO) reported Q4 EPS of ($1.06), $0.36 better than the analyst estimate of ($1.42). Revenue for the quarter came in at $16.6 billion versus the consensus estimate of $16.21 billion.

• Reported a net loss attributable to Valero stockholders of $359 million, or $0.88 per share, for the fourth quarter and $1.4 billion, or $3.50 per share, for the year.
• Reported an adjusted net loss attributable to Valero stockholders of $429 million, or $1.06 per share, for the fourth quarter and $1.3 billion, or $3.12 per share, for the year.
• Returned $400 million in cash to stockholders through dividends in the fourth quarter and $1.8 billion through dividends and stock buybacks in the year.
• Declared a regular quarterly cash dividend of $0.98 per share.
• Completed and started up the St. Charles Alkylation unit on schedule and under budget.
• Approved a new 470 million gallons per year renewable diesel plant at Valero’s Port Arthur refinery (DGD 3), which is expected to commence operations in 2023.

“We expect to see continued improvement in product demand with widespread vaccine distribution around the world,” said Joe Gorder, Valero Chairman and Chief Executive Officer. “We also expect a faster recovery in refining margins with the continued shutdowns and conversions of uncompetitive refineries.”

For earnings history and earnings-related data on Valero Energy (VLO) click here.