Value Microcaps Junior Energy

[stock_peeker]

VLO: Valero Energy beats by $0.31, misses on revs
7:58 AM ET, 01/29/2014 - Briefing.com
Reports Q4 (Dec) earnings of $1.78 per share, excluding non-recurring items versus guidance of $1.60-1.80 and vs the Capital IQ Consensus Estimate of $1.47; revenues fell 0.8% year/year to $34.43 bln vs the $37.28 bln consensus.
"We had a great Q4 and ended the year on a strong note," said Valero Chairman and CEO Bill Klesse. "Our refineries and ethanol plants ran well and at a high utilization rate in Q4. In refining, we took advantage of favorable crude oil discounts at most locations, while our ethanol business enjoyed high margins and set a record high for quarterly and annual operating income."Valero's 2013 capital expenditures, including turnarounds and catalyst, were $2.76 billion, which was below previous guidance. Valero expects 2014 capital expenditures, including turnarounds and catalyst, to be ~$3 billion, as previously announced.