Valero Energy (NYSE:VLO) Full Year 2024 Results

Key Financial Results

• Revenue: US$124.0b (down 11% from FY 2023).
• Net income: US$2.76b (down 69% from FY 2023).
• Profit margin: 2.2% (down from 6.3% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$8.58 (down from US$24.95 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Valero Energy EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%.

The primary driver behind last 12 months revenue was the Refining (Incl. VLP and Excl. Renewable Diesel) segment contributing a total revenue of US$123.9b (100% of total revenue). Notably, cost of sales worth US$117.7b amounted to 95% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$2.77b (80% of total expenses). Explore how VLO's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.0%.

Performance of the American Oil and Gas industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Valero Energy that we have uncovered.

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