U.S. Markets closed

Will Refiners’ Earnings Plunge in 2019?

Maitali Ramkumar
Will Refiners’ Earnings Plunge in 2019?

Wall Street analysts expect refining firms' earnings to fall in 2019. Delek US Holdings (DK) and Valero Energy’s (VLO) earnings are estimated to fall less than 10% in 2019. However, the EPS of Marathon Petroleum (MPC), HollyFrontier (HFC), and Phillips 66 (PSX) are expected to fall 20%–40% this year.