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Refiner Valero beats first-quarter profit estimates
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Refiner Valero beats first-quarter profit estimates
Apr 25, 2024 3:50 AM

April 25 (Reuters) - Valero Energy ( VLO ) beat

first-quarter profit estimates on Thursday, as the U.S. refiner

benefited from sustained demand while crude supplies remained

tight from disruptions in Russia and refinery maintenance work.

The San Antonio, Texas-based refiner reported an adjusted

net income of $3.82 per share for the three months ended March

31, above analysts' average estimate of $3.24 per share,

according to LSEG data.

(Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini

Ganguli)

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