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Stock impact report

Valero Energy's Q1 Earnings Miss on Lower Refining Margins [Yahoo! Finance]

Valero Energy Corporation (VLO) 
Last valero energy corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investorvalero.com
Company Research Source: Yahoo! Finance
The company reported earnings of $3.82 in the year-ago quarter. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Total quarterly revenues decreased from $31,759 million in the prior-year quarter to $30,258 million. The top line, however, beat the Zacks Consensus Estimate of $28,450 million. The weak quarterly earnings can primarily be attributed to its West Coast asset impairment, heavy maintenance activity across refining systems and a steep drop in refining margins, which together weighed on profitability. Valero Energy Corporation price-consensus-eps-surprise-chart | Valero Energy Corporation Quote Adjusted operating income in the Refining segment totaled $605 million, down from $1.8 billion in the year-ago quarter. The figure also missed our estimate of $1,022 million. The segment was affected due to a significantly lower refining margin per barrel of throughput in the first quarter. In the Ethanol segment, Valero reported an adjusted operating p Show less Read more
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