- Adjusted EPS: $2.71, down from $5.40 year-over-year (y/y), but beat the estimate of $2.60.
- Revenue: $34.49 billion, slight decrease from $34.51 billion y/y, but higher than the estimate of $33.63 billion.
- Total Throughput: 3,010 thousand barrels per day (mb/d), marking a 1.4% increase y/y.
- Adjusted Refining Operating Income: $4.49 per barrel of throughput.
- Gulf Coast Refining Margin: $1.72 billion, a 33% drop y/y, estimate was $1.83 billion.
- Mid-Continent Refining Margin: $387 million, a 34% drop y/y, estimate was $441.4 million.
- North Atlantic Refining Margin: $569 million, a 2.5% increase y/y, estimate was $594.1 million.
- West Coast Refining Margin: $374 million, a 28% drop y/y, estimate was $383.2 million.
- Cash Flow from Operations: $2.47 billion, marking a 63% increase y/y, significantly higher than the estimate of $1.72 billion.
- Refining Margin per Barrel: $11.14, a 29% decrease y/y, estimate was $11.89.
- Analyst Ratings: 14 buys, 5 holds, 2 sells.
Valero Energy on Smartkarma
On Smartkarma, analysts from Baptista Research have provided insightful coverage of Valero Energy Corporation. According to their research reports, Valero had a strong Q1 2024, achieving a net income of $1.2 billion. Despite extensive planned maintenance, Valero’s team maximised output, with stable refining margins supported by restricted product supplies and high diesel demand. Gasoline demand also remained steady, reflecting a positive growth trajectory for the company.
In another report by Baptista Research, Valero Energy Corporation’s performance in Q4 2023 was highlighted as exceptional, with record-setting financial results and the highest adjusted earnings in the company’s history. The company’s focus on safe and reliable operations was evident through a mechanical availability of 97.4%, showcasing their commitment to operational excellence. Valero’s impressive sales volume in 2023 further underscored the strength of its marketing network, setting a solid foundation for future growth and sustainability.
A look at Valero Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Valero Energy Corporation, an independent petroleum refining and marketing company with operations in the United States, Canada, and Aruba, shows promising long-term prospects based on the Smartkarma Smart Scores. With a strong Growth score of 5, Valero is positioned for significant expansion and development in the future. This signifies potential for increased value and market performance over time. Additionally, the company received moderate scores in Value, Dividend, Resilience, and Momentum, indicating a well-rounded performance across various key factors.
Valero Energy‘s diverse product offerings, including conventional gasolines, jet fuel, petrochemicals, and refined products, contribute to its resilience with a score of 3. This suggests that the company can withstand market fluctuations and maintain stability in its operations. Overall, the combination of a high Growth score and balanced scores across other factors positions Valero Energy favorably for sustained success in the long term within the petroleum refining and marketing industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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