Valero Energy posts $3.7B Q2 net income; adjusted EPS $12.54; announces $1.20 quarterly dividend

Valero Energy reported net income attributable to stockholders of $3.7 billion, or $12.62 per share, for the second quarter of 2026 and adjusted net income of $3.7 billion, or adjusted diluted EPS of $12.54. Revenue for the quarter was $44.5 billion and operating income was $5.2 billion. The compan…

Financial Highlights

Revenue: $44,476 million for the three months ended June 30, 2026.
Operating income: $5,196 million for the quarter (three months ended June 30, 2026).
Net income attributable to stockholders: $3,720 million, or $12.62 per share, for Q2 2026.
Adjusted net income attributable to stockholders: $3,697 million; adjusted diluted earnings per share – assuming dilution: $12.54 for Q2 2026.
Stockholder cash returns: $2,600 million in the quarter; declared quarterly cash dividend of $1.20 per share on July 16, 2026.

Business Highlights

Refining segment delivered strong performance with operating income of $4,470 million and average throughput of approximately 3.0 million barrels per day in Q2 2026.
Renewable Diesel segment (including Diamond Green Diesel joint venture) reported operating income of $717 million and averaged sales volumes of ~3.8 million gallons per day in the quarter.
Ethanol segment reported operating income of $318 million with production averaging about 4.7 million gallons per day in Q2 2026.
St. Charles FCC Unit optimization project (estimated cost $230 million) remains on track to be completed and begin operations in the third quarter of 2026.
Operational reliability noted across refineries, renewable diesel plants, and ethanol plants; Port Arthur Refinery incurred repair costs related to a March 2026 incident included in other operating expenses.

Original SEC Filing:

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