trending Market Intelligence /marketintelligence/en/news-insights/trending/WGHkLqddux_m96FSa24U_Q2 content esgSubNav
In This List

Valero Energy Q1 profit falls YOY


Illuminating the Opaque: How can Significant Risk Transfer underwriting decisions be made with greater conviction?

Case Study

A Law Firm Taps into Extensive Data Solutions to Create a Powerful CRM System


MediaTalk | Season 2
Ep.9 How Consumers Split Their Dollars, Time Among Streaming Services


Banking Essentials Newsletter: 17th April Edition

Valero Energy Q1 profit falls YOY

Valero Energy Corp. said its first-quarter normalized net income amounted to 56 cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.

EPS declined 39.3% year over year from 93 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $254.6 million, a decline of 41.9% from $438.3 million in the prior-year period.

The normalized profit margin dropped to 1.2% from 3.1% in the year-earlier period.

Total revenue rose 43.2% on an annual basis to $20.50 billion from $14.32 billion, and total operating expenses grew 48.0% from the prior-year period to $19.96 billion from $13.49 billion.

Reported net income decreased 38.4% year over year to $305.0 million, or 68 cents per share, from $495.0 million, or $1.05 per share.