Overview

• Valero Q3 revenue of $32.2 bln beats analyst expectations

• Adjusted EPS for Q3 at $3.66, surpassing analyst estimates

• Company returned $1.3 bln to shareholders via dividends and buybacks

Outlook

• Valero expects St. Charles FCC Unit project to start in H2 2026

Result Drivers

• REFINING SEGMENT - Operating income surged to $1.6 bln, driven by high throughput utilization and record performance in Gulf Coast and North Atlantic regions

• ETHANOL SEGMENT - Achieved record production volumes, contributing to $183 mln operating income

• RENEWABLE DIESEL LOSS - Segment reported a $28 mln operating loss, a decline from $35 mln income in the previous year

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

• Wall Street's median 12-month price target for Valero Energy Corp is $179.00, about 11.9% above its October 21 closing price of $157.69

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBwbLfRHFa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)