Valero Energy Corp/TX reported results for 2026 with revenue of $44.48B and diluted earnings per share of $12.62, both up sharply from the prior-year quarter, driven by higher product prices, increased renewable volumes and strength in diesel and gasoline demand.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$44.48B$29.89B48.8% | Net income²$3.72B$714M421% | Diluted EPS³$12.62$2.28453.5% |
¹ Reported as “Revenues (a)”. ² Reported as “Net income attributable to Valero Energy Corporation stockholders”. ³ Reported as “Diluted earnings per common share – assuming dilution”.
Business Highlights
- Revenue momentum: Product price-driven revenue growth lifted operating results versus the prior year, supported by robust gasoline and diesel demand.
- Channel & product mix: Renewable diesel and ethanol volumes increased, improving margins through higher renewable diesel prices and clean fuel credits.
- Operational changes: The Benicia refinery was permanently idled; Port Arthur experienced a March fire with a phased restart, while throughput rose at other sites.
- Market position and outlook: The company cited continued demand for diesel and renewable fuels, volatile crude differentials and low global product inventories as key factors for near-term performance.
Original SEC Filing:
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