Valero expects below consensus Q2 earnings, shares -2.2% AH

Valero Energy (NYSE:VLO-2.2% AH after saying it expects to report below consensus Q2 EPS from continuing operations of $1.10-$1.25; analysts had forecast a consensus $1.37.

VLO sees refining operating income higher Y/Y due to higher throughput volumes as well as wider discounts on sour crude oil and certain types of North American light crude oil, offseting weaker Y/Y gasoline and distillate margins in most regions.

VLO also expects to report a $0.12/share loss from discontinued operations, related primarily to a non-cash charge associated with recognizing an asset retirement obligation for the Aruba refinery.

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Comments (12)
  • vbbv
    , contributor
    Comments (135) | Send Message
    Entry point?
    14 Jul 2014, 05:36 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (4387) | Send Message


    $42 second purchase point if above area doesn't hold...imo of course.
    15 Jul 2014, 01:13 AM Reply Like
  • jeepnsam
    , contributor
    Comments (54) | Send Message
    going down more after ER.
    I would wait
    14 Jul 2014, 05:38 PM Reply Like
  • 20322211
    , contributor
    Comments (183) | Send Message
    Agreed on the waiting part. I entered VLO in 2012 @ $28 and was a bagholder throughout summer of 2013 when the crack spread narrowed. Finally got out in the $50s and would like to re-enter in the low $40s.
    14 Jul 2014, 05:42 PM Reply Like
  • DAG Investments
    , contributor
    Comments (4132) | Send Message
    (NYSE:VLO) I may adjust later, but for now my call stands ...
    14 Jul 2014, 06:15 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2863) | Send Message
    That's surprising, IMO. Very disappointing, clearly I've been wrong on $VLO.
    14 Jul 2014, 06:26 PM Reply Like
  • BTM
    , contributor
    Comments (487) | Send Message
    You aren't alone.
    14 Jul 2014, 06:47 PM Reply Like
  • osooro
    , contributor
    Comments (88) | Send Message
    I think you will be rewarded in the long term if you just put VLO into file 13 and revisited at a later date. Good companies with good management win in the long term.
    14 Jul 2014, 11:22 PM Reply Like
  • Hamdy Sadek
    , contributor
    Comments (221) | Send Message
    I am disappointed too, VLO is the largest US refinery, has great value ratios and should have better results. I added more shares when it went down to $50 level but apparently I should have waited a bit more. So I guess I need to be a bit patient for the rest of the year and watch how the stock will progress from here.
    14 Jul 2014, 06:50 PM Reply Like
  • SpoiledRottenBrat
    , contributor
    Comments (1467) | Send Message
    You could be right about VLO, IMO.
    14 Jul 2014, 08:11 PM Reply Like
  • Tahoe_JC1
    , contributor
    Comments (76) | Send Message
    Agree with the comments above that the following news is concerning. However, given that VLO is the largest refiner in the U.S., overall volume is up year-over-year, and no immediate plan to allow the future export of light crude has been mentioned from the DOE, I believe the stock is still a good long-term investment. Additionally, lets not forgot the current tensions in the middle-east brewing which may increase the brent price later this summer. I am very interested though in the primary cause for the loss… time will tell.
    15 Jul 2014, 02:03 AM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (4387) | Send Message
    Bigger div wd curb volatility imo.
    15 Jul 2014, 01:14 AM Reply Like
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