Overview

* Valero Q3 revenue of $32.2 bln beats analyst expectations

* Adjusted EPS for Q3 at $3.66, surpassing analyst estimates

* Company returned $1.3 bln to shareholders via dividends and buybacks

Outlook

* Valero expects St. Charles FCC Unit project to start in H2 2026

Result Drivers

* REFINING SEGMENT - Operating income surged to $1.6 bln, driven by high throughput utilization and record performance in Gulf Coast and North Atlantic regions

* ETHANOL SEGMENT - Achieved record production volumes, contributing to $183 mln operating income

* RENEWABLE DIESEL LOSS - Segment reported a $28 mln operating loss, a decline from $35 mln income in the previous year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $32.16 $29.88

Revenue bln bln (9

Analysts

)

Q3 Beat $3.66 $3.05

Adjusted (16

EPS Analysts

)

Q3 EPS $3.54

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

* Wall Street's median 12-month price target for Valero Energy Corp ( VLO ) is $179.00, about 11.9% above its October 21 closing price of $157.69

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)