BUZZ-Valero Energy rises after Q1 profit beat

Reuters04-25

** Shares of U.S. refiner Valero Energy gain 1.8% to $169.98 premarket

** Co beats Q1 profit estimates on sustained demand amid tight crude supplies due to disruptions in Russia and maintenance work at U.S. refineries

** Q1 adj. profit of $3.82 per share vs estimates of $3.24 per share - LSEG data

** Co says its sustainable aviation fuel project, DGD Port Arthur plant, is now expected to be operational in Q4, ahead of its earlier target of 2025

** Upto last close, stock is up 28% YTD

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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