Valero Energy (VLO) Tops Q3 EPS by 27c
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Valero Energy Reports Third Quarter 2016 Results
October 25, 2016 7:07 AM EDTReported net income attributable to Valero stockholders of $613 million, or $1.33 per share.Reported adjusted net income attributable to Valero stockholders of $571 million, or $1.24 per share. Returned $778 million in cash to stockholders through dividends and stock buybacks, which equated to a payout ratio of 148 percent for the first nine months of the year.Incurred $198 million of costs to meet biofuel blending obligations, primarily from the purchase of Renewable Identification Numbers (RINs) in the U.S.Expect 2016 capital expenditures to be about $2.4 billion, $200 million lower than previous guidance.
SAN ANTONIO, Oct. 25, 2016 (GLOBE... More
