Valero Energy Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/25 11:31

Valero Energy (NYSE:VLO) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$32.9b (down 11% from 3Q 2023).
  • Net income: US$364.0m (down 86% from 3Q 2023).
  • Profit margin: 1.1% (down from 7.1% in 3Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$1.15 (down from US$7.49 in 3Q 2023).
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NYSE:VLO Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Valero Energy Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is expected to decline by 3.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.6%.

Performance of the American Oil and Gas industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Valero Energy (at least 1 which doesn't sit too well with us), and understanding them should be part of your investment process.