Valero Energy (VLO) Tops Q4 EPS by 51c, Revenues Beat

Valero Energy (NYSE: VLO) reported Q4 EPS of $2.13, $0.51 better than the analyst estimate of $1.62. Revenue for the quarter came in at $27.88 million versus the consensus estimate of $25.91 million.

“We delivered another year of steady earnings despite a challenging environment for the refining business during 2019,” said Joe Gorder, Valero Chairman and Chief Executive Officer. “We ran our business well by delivering the best year ever on employee safety performance along with the lowest number of environmental events in company history.”.

“Our refineries operated well at 96% utilization, allowing us to take advantage of wider sour crude oil differentials and weakness in high sulfur residual feedstocks in the fourth quarter,” Gorder said.

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

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