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Recap: Valero Energy Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of Valero Energy (NYSE:VLO) fell 0.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 178.38% year over year to ($1.16), which beat the estimate of ($1.37).

Revenue of $15,809,000,000 declined by 41.98% from the same period last year, which missed the estimate of $16,550,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Valero Energy hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 22, 2020

View more earnings on VLO

Time: 10:00 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/valero/mediaframe/40943/indexl.html

Recent Stock Performance

52-week high: $101.99

52-week low: $31.00

Price action over last quarter: down 26.70%

Company Description

Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.

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