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Earnings transcript
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VLO
Valero Energy Corporation
$253.78
-4.61
(-1.78%)
| Exchange: | NYSE |
| Market Cap: | 75.356B |
| Shares Outstanding: | 93.585M |
Delayed data
About The Company
| Sector: | Energy | |||||
| Industry: | Oil & Gas Refining & Marketing | |||||
| CEO: | R. Lane Riggs | |||||
| Full Time Employees: | 9898 | |||||
| Address: |
| |||||
| Website: | https://www.valero.com |
Valero Energy Corporation functions as a global producer and marketer of transportation fuels and petrochemicals, with operations spanning the United States, Canada, the United Kingdom, Ireland, and other international territories. The company organizes its business across three primary divisions: Refining, Renewable Diesel, and Ethanol. Its Refining segment generates a wide array of products, including various types of gasoline (conventional, premium, reformulated, and California Air Resources Board-compliant), diverse diesel fuels (low-sulfur, ultra-low-sulfur, and CARB diesel), jet fuels, blendstocks, asphalts, petrochemicals, and lubricants. This division also handles the sale of lube oils and natural gas liquids. As of the end of 2021, Valero managed 15 petroleum refineries, boasting a combined daily processing capacity of approximately 3.2 million barrels of crude oil. The Ethanol division comprises 12 plants, capable of producing around 1.6 billion gallons of ethanol annually. These facilities also yield co-products such as dry distiller grains, syrup, and inedible corn oil, which are largely supplied to animal feed markets. Valero distributes its refined goods through wholesale rack and bulk channels, in addition to approximately 7,000 branded retail stations operating under names like Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco. Furthermore, Valero contributes to renewable energy production by owning and operating a facility dedicated to converting animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. Supporting its extensive operations, the company maintains a comprehensive logistics network that includes crude oil and refined product pipelines, storage terminals, tanks, marine docks, and truck rack bays. Originally established in 1980 as Valero Refining and Marketing Company, the firm adopted its current name, Valero Energy Corporation, in August 1997. Its corporate headquarters are situated in San Antonio, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 144,766,000 | 129,881,000 | 122,687,000 |
| Gross Profit | 12,889,000 | 4,760,000 | 5,369,000 |
| EBITDA | 14,659,000 | 7,028,000 | 6,719,000 |
| Operating Income | 11,858,000 | 3,755,000 | 4,312,000 |
| Net Income | 8,835,000 | 2,770,000 | 2,348,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 63,056,000 | 60,143,000 | 48,975,000 |
| Total Liabilities | 34,532,000 | 32,622,000 | 22,370,000 |
| Total Stockholders Equity | 26,346,000 | 24,512,000 | 23,725,000 |
| Total Debt | 12,637,000 | 11,540,000 | 34,215,000 |
| Cash and Cash Equivalents | 5,424,000 | 4,657,000 | 4,688,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 9,229,000 | 6,683,000 | 5,826,000 |
| Capital Expenditure | -911,000 | -907,000 | 0 |
| Free Cash Flow | 8,318,000 | 5,776,000 | 5,826,000 |
| Net Income | 9,149,000 | 2,770,000 | 2,348,000 |
| Net Change in Cash | 562,000 | -595,000 | 36,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 129,308,622.842 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 191,633,260.703 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 158,469,177.714 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 9,156,476.405 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 13,569,748.029 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 11,221,365.248 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 8,686,265.038 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 14,523,821.987 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 11,417,550.036 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 922,504.974 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,367,137.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,130,540.265 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 36.950 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 47 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 28.110 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 6 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: Valero Energy Corporation (VLO) has demonstrated robust revenue figures in recent income statements, reflecting consistent demand for its products within the energy sector. This aligns with positive industry trends in the Oil & Gas Refining & Marketing industry, as indicated by sector performance metrics.
- Healthy Profitability Metrics: Key metrics such as gross profit margin TTM and net profit margin TTM indicate efficient cost management and strong profitability compared to industry averages, positioning VLO as a financially sound entity within its sector.
- Solid Free Cash Flow: The cash flow statements highlight a strong free cash flow yield TTM, suggesting VLO has ample liquidity to fund operations, invest in capital expenditures, and return value to shareholders through dividends, as evidenced by a competitive dividend yield TTM.
- Operational Scale: With a significant market capitalization and a large workforce, as noted in the company profile, VLO benefits from economies of scale, enhancing its competitive position in the energy market.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates VLO intrinsic value between $117.16 – $263.94 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about VLO valuation
Is Valero Energy Corporation (VLO) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Valero Energy Corporation (VLO) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is VLO a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether VLO trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is VLO’s P/E ratio?
You can see VLO’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for VLO?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is VLO a good long-term investment?
Whether VLO fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
VLO
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Daily snapshot
-1.78
Trading Metrics:
| Open: | 257.5 | Previous Close: | 258.39 | |
| Day Low: | 246.47 | Day High: | 258.19 | |
| Year Low: | 129.65 | Year High: | 265.61 | |
| Price Avg 50: | 245.05 | Price Avg 200: | 196.89 | |
| Volume: | 2.644M | Average Volume: | 3.655M |
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Login — it's freeVLO full analysis
Welcome to MARKETSNAP’s SWOT analysis for Valero Energy Corporation, or VLO as it’s known on the ticker. Today, we’re diving deep into this major player in the energy sector to break down what makes it tick, where it’s vulnerable, and what could drive its future for long-term investors like you. So, grab a coffee, let’s chat about Valero, and figure out if this stock deserves a spot in your portfolio. First off, for those who might not be as familiar,…
