Valero's quarterly profit climbs, assisted by CST sale

Valero Energy (VLO) -0.4% AH after Q4 earnings jumped 28% Y/Y and beat estimates but revenue fell short.

Q4 adjusted earnings of $1.78/share came in at the high end of $1.60-$1.80 company guidance and above $1.47 analyst consensus, but revenue fell 0.8% Y/Y to $34.4B vs. $37.2B consensus.

Unadjusted earnings included a gain of $0.60/share related to the spinoff of VLO's retained interest in CST Brands.

VLO's 2013 capex totaled $2.76B, below previous guidance; 2014 capex is seen at ~$3B, as previously announced.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs