Valero Q1 Revenue $32.4B, EPS $4.22 Tops Estimates; Q2 Throughput Cut
VLO•Valero Energy posted Q1 revenue of $32.4 billion and adjusted EPS of $4.22, surpassing consensus forecasts of $30.7 billion and $3.16. The company cut Q2 throughput guidance after Port Arthur repairs and Benicia refinery shutdown, forecasting a roughly $0.09 EPS headwind.
1. Q1 Results Outperform Expectations
Valero Energy reported Q1 revenue of $32.4 billion and adjusted EPS of $4.22, topping estimates of $30.7 billion and $3.16. Net income rose to $1.3 billion from a prior-year loss, driven by strong refining margins and operational efficiency.
2. Revised Q2 Throughput Guidance
The company lowered Q2 throughput outlook after unplanned Port Arthur turnaround repairs and the Benicia refinery shutdown. These disruptions are projected to reduce refining throughput and cut Q2 EPS by approximately $0.09, weighing on near-term earnings visibility.
