| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 32.4K | 7.0% |
| Total Income | 32.4K | 7.0% |
| Expenditure | 30.6K | 1.6% |
| PBT | 1.7K | 287.9% |
| Net Profit | 1.3K | 312.3% |
| OPM | 5.35% | 8.32pp |
| NPM | 3.90% | 5.87pp |
| EPS | 4.22 | 322.1% |
Valero Energy Reports Q1 2026 Net Income of $1.3 Billion
03 May 2026 · 3 May, 6:07 pm
Summary
Valero Energy Corporation reported net income attributable to Valero stockholders of $1.3 billion, or $4.22 per share, for the first quarter of 2026, compared to a net loss of $595 million, or $1.90 per share, for the first quarter of 2025. Refining segment reported operating income of $1.8 billion for the first quarter of 2026, compared to an operating loss of $530 million for the first quarter of 2025. Valero stockholder cash returns totaled $938 million in the first quarter of 2026. The company increased its quarterly cash dividend on common stock by 6 percent to $1.20 per share.
Key Highlights
- 1
Valero reported net income attributable to Valero stockholders of $1.3 billion, or $4.22 per share, for the first quarter of 2026.
- 2
The company increased its quarterly cash dividend on common stock by 6 percent to $1.20 per share on January 22, 2026.
- 3
Valero issued $850 million aggregate principal amount of 5.150% Senior Notes due 2036 on March 10, 2026.
- 4
Stockholder cash returns totaled $938 million in the first quarter of 2026.
- 5
The Refining segment reported operating income of $1.8 billion for the first quarter of 2026.
- 6
The Renewable Diesel segment reported $139 million of operating income for the first quarter of 2026.
- 7
The Ethanol segment reported $90 million of operating income for the first quarter of 2026.
Management Comments
Lane Riggs
I am pleased to report that Valero had an excellent first quarter, demonstrating our team’s ability to optimize our refining system and deliver strong financial returns. In a period marked with considerable disruption in commodity markets, our operations, commercial, and financial teams executed well. Our strong performance in a volatile first quarter underscores Valero’s operational, commercial, and financial strength. We remain focused on things we can control — operational excellence, system-wide optimization, and disciplined financial decision-making — and we continue to be well-positioned to benefit from the current margin environment.
Informational and educational content only. Not investment advice.