Quarterly ResultApr 30, 2026, 12:16 PM
VLO Q1 Net Income $1.26B; EPS $4.22; Port Arthur Refinery Fire
AI Summary
Valero Energy Corporation reported a significant turnaround in Q1 2026, with net income attributable to stockholders reaching $1.26 billion, or $4.22 per share, compared to a net loss in the prior year. Revenues increased to $32.38 billion. The company also issued $850 million in senior notes and repurchased $573 million of common stock. Operationally, the Port Arthur Refinery experienced a fire in March 2026, leading to reduced capacity, and the Benicia Refinery completed its idling plan in April 2026.
Key Highlights
- VLO Q1 Net Income $1.26B vs $(595)M YoY.
- VLO Q1 EPS $4.22 vs $(1.90) YoY.
- VLO Q1 Revenues $32.38B, up 7.02% from $30.26B YoY.
- Port Arthur Refinery fire on March 23, 2026, resumed reduced operations.
- Benicia Refinery idling completed in April 2026.
- Issued $850M of 5.150% Senior Notes due March 2036.
- Repurchased $573M of common stock in Q1 2026.
- Refining segment operating income $1.81B vs $(530)M YoY.
Price Impact
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