Revenue segments as reported by the company.

Refining

Renewable Diesel

Ethanol

Corporate and Eliminations

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Other operating expenses

General and administrative expenses

Depreciation and amortization expense

Asset impairment loss

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Valero Energy

Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations. The Ethanol segment includes its ethanol operations, associated marketing activities, and logistics assets that support its ethanol operations. The Renewable Diesel covers the operations of Diamond Green Diesel Holdings LLC. The company was founded in 1980 and is headquartered in San Antonio, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Valero Energy reports robust Q4 performance and eyes growth opportunities

Valero Energy Corporation's Q4 2022 earnings call showcased strong performance, financial strength, and a strategic focus on growth and sustainability. While facing challenges such as market uncertainties and potential oversupply, the company is well-positioned to capitalize on opportunities in the refining and renewable energy sectors.

Valero Energy reports robust Q1 earnings and growth opportunities

Valero Energy excelled in Q1 2023 with strong financial performance and operational achievements.
The company's balance sheet improved, and refining fundamentals are expected to remain robust.
Challenges include conservative management approach and potential operational adjustments.
Opportunities lie in sustainable projects, positive outlook for DGD distribution, and market-driven capture rates.

Valero Energy reports robust Q2 earnings, eyes growth in renewables

Valero Energy Corp delivered strong financial results in Q2 2023, driven by robust refining operations and record sales volumes.
The company's strategic focus on operational excellence, shareholder returns, and sustainability bodes well for future growth and competitiveness.
While facing challenges related to regulatory impacts and market uncertainties, Valero remains poised to leverage opportunities in renewable fuels and compliance with industry standards.

Valero Energy Corp. posts record earnings, eyes growth opportunities

Valero Energy Corp. reported strong Q3 2023 financial results, driven by record earnings per share and operational excellence. The company's focus on capital discipline, shareholder returns, and strategic projects underscores its commitment to sustainable growth and financial strength amidst market challenges and opportunities.

Valero Energy reports record earnings, eyes growth in renewables

Valero Energy Corporation delivered strong financial performance in Q4 2023, marked by record earnings and operational achievements.
While facing challenges like higher OpEx and asset evaluation complexities, Valero remains focused on sustainable growth and shareholder returns.
Opportunities in renewable energy segments, market expansion in Mexico, and margin enhancement through capacity growth position Valero for future success.
Strategic capital allocation, operational excellence, and a commitment to sustainability underscore Valero's resilience and potential in the energy sector.

Valero Energy reports strong Q1 earnings, eyes growth in sustainable fuels

Valero Energy delivered robust financial performance in Q1 2024, driven by strong refining margins and operational efficiency, with a focus on sustainable fuel projects and shareholder returns.
While facing challenges in diesel exports and market volatility, Valero's strategic focus on disciplined investments and renewable fuel sales presents growth opportunities.
The company's cautious approach to M&A, strong balance sheet, and clear operational projections position Valero well for continued success and potential market expansion.

Valero Energy reports robust Q2 earnings and advances sustainability initiatives

Valero Energy delivered strong financial results in Q2 2024, supported by operational excellence and strategic investments in growth projects.
The company's focus on shareholder returns, liquidity management, and innovation underscores its resilience and adaptability in a dynamic market environment.
While facing challenges such as G&A expenses and debt levels, Valero remains well-equipped to seize opportunities in renewable energy and navigate industry headwinds.

Valero Energy reports robust Q3 earnings amidst sustainability focus

Valero Energy delivered a solid financial performance in Q3 2024, driven by strong operating income across refining, renewable diesel, and ethanol segments.
The company showcased financial stability, effective capital allocation, and a commitment to sustainability with the completion of a key project under budget.
While facing challenges in managing expenses and market dynamics, Valero has opportunities to capitalize on renewable fuels market growth and optimize operational efficiency.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Valero Energy Corporation has continued to put up strong results on the back of wide crack spreads. Q3 should also be strong for the company, but more recently RBOB crack spreads have started to normalize. Based on more normalized earnings, Valero Energy Corporation stock looks fairly priced.

Valero Energy: Taking To 'Hold' After Solid Run (Rating Downgrade)

APA Corporation

Halliburton

Marathon Petroleum

Phillips 66

Let's take a deep look into the S&P 500's top sector for the third quarter of 2023 - Energy - and its high flyers MPC, PSX, HAL, VLO and APA.

5 Energy Stocks That Crushed the S&P 500 in a Bleak Q3

CF Industries Holdings

Charter Communications

Centene

SPDR S&P 500 ETF Trust

WestRock

The S&P 500 witnessed its worst month of 2023, losing 5% in September. Fears of higher rates for a longer-than-expected period took the sheen away from stocks in the month.

S&P 500 Logs Worst Month of 2023: 5 Stocks Still Up in ETF

Constellation Energy Corp

Schlumberger

Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.

Oil and Gas Stocks Topped S&P 500 Returns This Quarter as Crude Prices Surged

Arista Networks

Carnival

Chipotle

Catalent

Intel

NVIDIA

Warner Bros Discovery Inc

Zions Bancorp

Stocks tanked right on cue in September. But nimble S&P 500 investors are still finding ways to make big money.

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Valero Energy Corporation has experienced significant growth, returning almost 200% excluding dividends since the depths of the pandemic. The refining industry is thriving due to favorable margins and supply-related factors, such as inadequate crude-processing capacity and unexpected outages. Valero's strategic growth and financial discipline, including a sub-0.3x net leverage ratio, indicate a commitment to shareholder returns, but the current risk/reward may warrant selling some shares.

Valero: Despite Massive Strength, I'm Considering Selling (Rating Downgrade)

Higher oil prices are typically bad news for the downstream oil and gas industry. But refiners have been able to pass along costs, as evidenced by their margins and earnings.

3 Safe Dividend Stocks to Buy Like There's No Tomorrow

Netflix

Planet Fitness

American Airlines

ARM Holdings PLC

Carvana

Delta Air Lines

Lennar

Mastercard

PayPal

Visa

Exxon Mobil

Here are some of the tickers on my radar for Monday, Sept. 18 taken directly from my reporter's notebook.

Here are the 12 stocks Jim Cramer is watching, including Netflix, Arm, Planet Fitness

Canadian Natural Resources

TC Energy

Oil stocks are surging. To put it simply, the energy sector is back.

The 3 Most Undervalued Oil Stocks to Buy in September 2023

Refiner Valero Energy on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date.

Valero Energy authorizes share repurchase of up to $2.5 bln

Valero Energy Corp. VLO, -1.56% late Friday said that its board of directors has authorized a stock buyback of up to $2.5 billion, with no expiration date. The buyback is in addition to the amount remaining under Valero's previous $2.5 billion authorization approved in February.

Valero's board authorizes share buyback of up to $2.5 billion

SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on October 26, 2023 at 10:00 a.m. ET to discuss third quarter 2023 earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its subsidiaries (coll.

Valero Energy Corporation to Announce Third Quarter 2023 Earnings Results on October 26, 2023

Fortinet

Eli Lilly

September is living up to its rap as the worst month of the year for the S&P 500. But investors are still finding stocks to make money on.

Investors Buy Up 8 Stocks In September And Sell Most Of The Rest

VanEck Vectors Oil Refiners ETF

HF Sinclair Corp

Delek US Hlds

Refineries are benefiting from a shift in crude exports. Both Saudi Arabia and Russia have cut their oil production---to prop up oil prices.

Refiner Stocks Surge on Diesel Price Spike

Enerplus

Par Pacific Holdings

It seems the bull market in oil is back. In just the last two months, the price of oil has rallied and an astonishing 30% and isn't slowing down.

High Energy Momentum: 3 Oil Stocks Breaking Out Now

ConocoPhillips

EOG Resources

Cheniere Energy

Pioneer Natural Resources

These top-rated energy stocks could see tailwinds from spiking oil and gas prices.

Seven of the Best Energy Stocks to Buy Now

Discover

Goodyear Tire & Rubber

Skyworks Solutions

T-Mobile US

Walmart

Essential Utilities

While the equities sector might not collapse (a la the Great Recession), it might not offer a decisively directional motion, which augurs well for stocks to buy for a flat market. Generally, investors have two choices: buy enterprises that may enjoy greater success, or short companies that may fail eventually.

7 Stocks to Buy to Profit from a Flat Market

Bank of America recently downgraded the refining segment based on valuation and risk of peaking margins. Does this mean the group is not investible? Both refiners are compared head to head to determine if either refiner has what it takes to defy the BoA thesis. Victor is shown to have a more diverse business portfolio to limit exposure to falling crack spreads and, therefore, a more sound long-term investment.

Phillips 66 Vs. Valero Energy: One Is A Buy, And One Is Not

Valero Energy Corp. ( VLO , Financial) is a large petroleum refining group and a member of the S&P 500 Index. The company discloses information to the market in a very transparent manner and, for the most part, is a bet on refining margins.

Valero Energy Has a Strong Investment Thesis

Valero has invested 40% of their growth capital into low carbon growth projects to capture rising demand. Analysts predict an EPS of $9.27 for 2027. Using this estimate alongside the expected growth rate of 7%, VLO's fair value per share comes out to over $200/share. Valero has a conservative payout ratio of 13% and a 5-year average dividend growth rate of 5.4%.

Valero: Renewables And Sustainable Fuel Will Contribute To Upside

GeoPark

Murphy USA

PBF Energy

Southwestern Energy

While energy stocks have suffered amid the Federal Reserve's efforts to contain inflation, the segment has witnessed a resurgence. According to a CNN report earlier this month, oil prices have jumped double-digit percentage points, helping to carry the broader sector northward.

The 7 Most Undervalued Energy Stocks to Buy Now: August 2023

News for Valero Energy Stock (VLO)