| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 44.5K | 37.4% | 48.8% |
| Total Income | 44.5K | 37.4% | 48.8% |
| Expenditure | 39.3K | 28.2% | 36.0% |
| PBT | 5.2K | 199.9% | 448.5% |
| Net Profit | 3.7K | 194.5% | 421.0% |
| OPM | 11.68% | 6.34pp | 8.35pp |
| NPM | 8.36% | 4.46pp | 5.98pp |
| EPS | 12.62 | 199.1% | 453.5% |
Valero Energy Reports Strong Q2 2026 Results with Net Income of $3.7 Billion
30 Jul 2026 · 30 Jul, 5:52 pm
Summary
Valero Energy Corporation announced strong financial and operating results for the second quarter of 2026, reporting net income attributable to stockholders of $3.7 billion, or $12.62 per share. This represents a substantial increase from $714 million, or $2.28 per share, in the second quarter of 2025. The company highlighted excellent operations and commercial execution across all three business segments, with the Refining segment seeing operating income rise to $4.5 billion from $1.3 billion year-over-year. Management expressed satisfaction with the results, attributing them to safe and reliable operations meeting resilient demand.
Key Highlights
- 1
Valero reported net income attributable to stockholders of $3.7 billion, or $12.62 per share, for the second quarter of 2026.
- 2
Adjusted net income attributable to Valero stockholders for the second quarter of 2026 was $3.7 billion, or $12.54 per share.
- 3
Stockholder cash returns totaled $2.6 billion in the second quarter of 2026.
- 4
The Refining segment reported operating income of $4.5 billion for the second quarter of 2026, a significant increase compared to $1.3 billion in the prior year.
- 5
The Renewable Diesel segment reported operating income of $717 million for the second quarter of 2026, compared to an operating loss of $79 million in the second quarter of 2025.
- 6
The Ethanol segment reported $318 million of operating income for the second quarter of 2026, compared to $54 million for the second quarter of 2025.
- 7
The St. Charles FCC Unit optimization project is still expected to be completed and begin operations in the third quarter of 2026.
Management Comments
Lane Riggs
We are pleased to report a strong second quarter, driven by excellent operations and commercial execution across all three of our business segments. Our refineries, renewable diesel plants, and ethanol plants operated safely and reliably, helping to meet resilient demand for transportation fuels. Our strong results reflect the discipline and consistency of our operational and commercial execution. Coupled with our differentiated balance sheet, these strengths position us well and provide significant financial flexibility.
Informational and educational content only. Not investment advice.