Quarterly ResultJul 30, 2026, 01:06 PM
Valero Q2 2026 Net Income Jumps to $3.72B; EPS $12.62
AI Summary
Valero Energy Corporation reported a significant increase in its second quarter 2026 financial results, with net income attributable to stockholders rising to $3,720 million and diluted earnings per share reaching $12.62. Revenues for the quarter also saw a substantial jump to $44,476 million. The company's board authorized an additional $5.0 billion for share repurchases and declared a quarterly dividend of $1.20 per share. Operational updates included the idling of the Benicia Refinery and an insurance recovery receivable of $78 million related to the Port Arthur Refinery fire, alongside a $51 million IEEPA tariff refund for its Renewable Diesel segment.
Key Highlights
- Q2 2026 net income attributable to stockholders surged to $3,720 million from $714 million in Q2 2025.
- Q2 2026 diluted EPS increased to $12.62 from $2.28 in Q2 2025.
- Total revenues for Q2 2026 reached $44,476 million, up from $29,889 million in Q2 2025.
- Net cash provided by operating activities for H1 2026 was $6,970 million, compared to $1,888 million in H1 2025.
- Cash and cash equivalents increased to $7,874 million as of June 30, 2026, from $4,688 million at December 31, 2025.
- Board authorized an additional $5.0 billion for common stock repurchases on July 16, 2026.
- Declared a quarterly cash dividend of $1.20 per common share payable August 31, 2026.
- Received a $51 million IEEPA tariff refund for the Renewable Diesel segment in Q2 2026.
Price Impact
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