SAN RAFAEL, CALIFORNIA - APRIL 26: A Valero gas station in San Rafael, Calif. Valero Energy Corp. reported strong first quarter earnings on revenue that rose to $38.54 billion from $20.81 billion a year ago.Welcome to Earnings Roundup, a new weekly quick read of the latest financial reports from companies of local interest. Look for it online every Monday.
This week’s roundup includes information from San Antonio refiner Valero Energy Corp., the parent company of Frost Bank, New Braunfels-based truck dealer Rush Enterprises as well as Boeing, Southwest Airlines and Amazon.Valero Energy Corp. blew past expectations in the first quarter as the company’s profit margin from its refining business more than doubled. The San Antonio refiner said strong post-pandemic demand and tight supply bolstered its bottom line.$905 million, or $2.21 per share, vs.