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Earnings transcript
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VLO
Valero Energy Corporation
$244.09
2.63
(1.09%)
| Exchange: | NYSE |
| Market Cap: | 72.989B |
| Shares Outstanding: | 93.585M |
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 manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids. As of December 31, 2021, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day; and 12 ethanol plants with a combined ethanol production capacity of approximately 1.6 billion gallons per year. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils into renewable diesel. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered 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) | 136,282,987.086 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 206,379,974.104 | 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) | 9,650,338.301 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 14,613,977.953 | 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) | 8,037,791.456 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 13,688,245.814 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 9,826,200.031 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 972,261.019 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,472,342.281 | 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) | 31.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 44.300 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 26.010 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | 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.
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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1.09
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| Open: | 248.57 | Previous Close: | — | |
| Day Low: | — | Day High: | — | |
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