Categories Earnings, Energy

Valero Energy (VLO): Q3 2019 Earnings Snapshot

— Valero Energy Corporation (NYSE: VLO) reported Q3 2019 earnings of $1.48 per share, vs. $1.35 expected.

— Revenues fell 10% to $27.2 billion, vs. $24.2 billion expected.

— Refinery throughput capacity utilization was 94%.

— Ethanol production volumes averaged 4 million gallons per day.

— Valero expects to invest approx. $2.5 billion of capital in both 2019 and 2020, of which approx. 60% is for sustaining the business and approx. 40% is for growth projects.

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