JOSIE NORRIS, Contributor / The San Antonio Express-NewsWelcome back to Earnings Roundup, SA Inc’s weekly summary of the latest financial reports from companies of local interest. Look for it online Monday during quarterly or annual earnings reporting periods.
This week’s roundup of fourth quarter 2022 financial reports includes San Antonio-based Valero Energy and Cullen/Frost Bankers, as well as Tesla, Southwest Airlines, AT&T, Boeing and others.Valero Energy Corp. beat Wall Street expectations for fourth quarter 2022, as its profit tripled to conclude its best year ever. The company attributed its strong quarter to having its 15 refineries running at a 97 percent utilization rate at year-end, the highest rate in a quarter since 2018.$41.
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