What's Going On With Valero Energy Stock Wednesday?
Valero (VLO) stock rebounded nearly 2% premarket Wednesday, recovering after a 9.2% drop triggered by refining margin concerns.
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Marathon Petroleum Corporation's board of directors has declared a quarterly dividend of $1.10 per share, representing a 10% increase from the previous $1.00 per share.
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Valero (VLO) stock rebounded nearly 2% premarket Wednesday, recovering after a 9.2% drop triggered by refining margin concerns.
Marathon Petroleum is expected to report Q3 2026 earnings of $25.74 per share, representing a 755.2% year-over-year increase, though revenues are projected to decline 6.4%. With an Earnings ESP of 0% and a Zacks Rank #1, the stock is not considered a compelling earnings-beat candidate. The company has beaten consensus estimates in 3 of the last 4 quarters, most recently delivering a 22.11% surprise.
U.S. diesel prices reached $6.276/gallon in October 2026, with tight global supply and elevated crack spreads expected to persist through 2027. Sky Quarry's Eagle Springs Refinery in Nevada began production with crack spreads of $133-$136/barrel, while major refiners including PBF Energy, CVR Energy, Marathon Petroleum, and Calumet reported strong second-quarter results driven by robust refining margins amid global distillate fuel shortages.