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.

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