Quarterly ResultApr 30, 2026, 08:18 AM
VLO Q1 Net Income $1.3B, EPS $4.22; Dividend +6% to $1.20
AI Summary
Valero Energy Corporation reported strong first-quarter 2026 results with net income attributable to stockholders of $1.3 billion, or $4.22 per share, a significant improvement from a net loss in the prior year. The company increased its quarterly cash dividend by 6% to $1.20 per share and issued $850 million in senior notes for debt repayment and general corporate purposes. All segments, including Refining, Renewable Diesel, and Ethanol, showed improved operating income.
Key Highlights
- Net income attributable to stockholders was $1.3 billion, or $4.22 per share, up from a $595 million net loss in Q1 2025.
- Quarterly cash dividend on common stock increased by 6% to $1.20 per share.
- Refining segment operating income was $1.8 billion, compared to a $530 million operating loss in Q1 2025.
- Renewable Diesel segment operating income was $139 million, up from a $141 million operating loss in Q1 2025.
- Ethanol segment operating income rose to $90 million from $20 million in Q1 2025.
- Issued $850 million aggregate principal amount of 5.150% Senior Notes due 2036.
- Stockholder cash returns totaled $938 million, representing a 59% payout ratio.
- St. Charles FCC Unit optimization project expected to complete and begin operations in Q3 2026.