Valero Energy's Q3 Earnings Miss on Lower Throughput Volumes
Valero(VLO) ZACKS·2024-10-25 00:16
Valero Energy Corporation (VLO) reported third-quarter 2024 adjusted earnings of $1.14 per share, which missed the Zacks Consensus Estimate of $1.29. The bottom line also declined from $7.49 reported in the year-ago quarter.Total quarterly revenues decreased from $38,404 million in the prior-year quarter to $32,876 million. The top line also missed the Zacks Consensus Estimate of $33,041 million.The weak quarterly results can be primarily attributed to a significant decline in refining throughput volumes. F ...