Valero Energy Reports Third Quarter 2026 Results
Valero reported Q3 2026 net income attributable to stockholders of $6.8 billion, or $23.89 per share, versus $1.1 billion, or $3.53 per share, in Q3 2025 — a more-than-sixfold increase. Revenues rose 43% YoY to $46.1 billion on near-record refinery utilization, with the Refining segment posting $8.8 billion of operating income and Renewable Diesel swinging to a $353 million profit from a $28 million loss. Adjusted operating cash flow was $7.3 billion, debt repayments of $526 million were made, and the company ended the quarter with $9.8 billion of cash against $8.6 billion of total debt (4% net debt-to-capitalization). The St.
Key figures
- Eps
- 23.89
- Revenue
- 46098000000
- Revenue Yoy
- 43%
- Total debt
- 8600000000
- Adjusted eps
- 23.9
- Payout ratio
- 52%
- Operating income
- 9073000000
- Effective tax rate
- 23%
- Adjusted net income
- 6831000000
- Capital investments
- 432000000
- Operating cash flow
- 6932000000
- Cash and equivalents
- 9800000000
- Net income attributable
- 6828000000
- Refining throughput bpd
- 3.0 million barrels per day
- Ethanol operating income
- 272000000
- Refining operating income
- 8782000000
- Net debt to capitalization
- 4%
- Refining margin per barrel
- 39.24
- Adjusted operating cash flow
- 7253000000
- Renewable diesel operating income
- 353000000
AI analysis
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