Valero Energy Corporation VLO reported fourth-quarter adjusted earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 13 cents. Better-than-expected quarterly results can be primarily attributed to an increase in renewable diesel margins and lower total cost of sales.
The positives were partially offset by a decline in refining margins. The segment was affected due to a significantly lower refining margin per barrel of throughput in the fourth quarter. The segment was affected due to a drop in ethanol margin per gallon of production.
Renewable diesel sales volume, however, declined to 3, thousand gallons per day from 3, in the year-ago quarter. Our estimate for the same was pinned at 2, thousand gallons per day. The segment benefited from higher renewable diesel margins compared to the year-ago period. The remaining volume came from residuals, other feedstock, and blendstocks and others. The Gulf Coast contributed As of Dec. Sunoco LP is one of the largest distributors of motor fuel in the United States.
The partnership distributes fuel to independent dealers, commercial customers, convenience stores and distributors. Its current distribution yield is greater than that of the industry's composite stocks, providing unitholders with consistent returns.
Equinor ASA is one of the leading integrated energy companies globally and the second-largest supplier of natural gas in Europe. Its strategic pivot toward low-carbon energy solutions unlocks new revenue streams in the growing market for clean energy and carbon management solutions. The project, which includes seven midscale LNG trains, aims to expand the production capacity of the Corpus Christi Liquefaction facility. This expansion is expected to enhance Cheniere's position in the rapidly growing global LNG market, enabling it to meet the rising demand for LNG, both in the United States and internationally.
