Valero Energy (VLO) Tops Q1 EPS by 49c, Revenues Beat

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Go back to Valero Energy (VLO) Tops Q1 EPS by 49c, Revenues Beat

Valero Energy Reports First Quarter 2020 Results

April 29, 2020 6:30 AM EDT

Reported net loss attributable to Valero stockholders of $1.9 billion, or $4.54 per share.Reported adjusted net income attributable to Valero stockholders of $140 million, or $0.34 per share.Returned $548 million in cash to stockholders through dividends and stock buybacks during the quarter and declared a quarterly common stock dividend of $0.98 per share on April 24.Deferred approximately $100 million in tax payments due in the first quarter of 2020 and deferring approximately $400 million in capital projects for 2020.Entered into a new 364-day $875... More