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The financials
Valero Energy by the numbers
Valero Energy (VLO) reported revenue of $44.5B in Q2 2026 (quarter ended Jun 30, 2026), up 49% from the same quarter a year earlier. That came with a gross margin of 12% and net income of $3.72B (8.4% of revenue). For the full year FY2025, revenue was $122.7B (−5.5% year on year) and net income $2.35B. Its largest product in Q2 2026 was Distillates at $20.7B, 47% of the disclosed total, ahead of Gasoline And Blendstocks at 39%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $44.5B | $29.9B | +49% |
| Gross profit | $5.47B | $1.25B | +338% |
| Operating income | $5.20B | $997M | +421% |
| Net income | $3.72B | $714M | +421% |
| Diluted EPS | $12.62 | $2.28 | +454% |
| Product | Revenue | Share |
|---|---|---|
| Distillates | $20.7B | 47% |
| Gasoline And Blendstocks | $17.4B | 39% |
| Manufactured Product Other | $4.20B | 9.4% |
| Renewable Diesel Product | $1.06B | 2.4% |
| Ethanol Product | $789M | 1.8% |
| Distillers Grains | $211M | 0.5% |
| Neat SAF | $80M | 0.2% |
| Renewable Naphtha Product | $39M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $44.48B (+37%)
Renewable Diesel Product grew +125% year on yearRenewable Naphtha Product -15% year on year
Segment Latestquarter on quarteryear on year
- Distillates$20.69B$20.69BQoQ +34%year on year +62%+34%+62%
- Gasoline And Blendstocks$17.42B$17.42BQoQ +40%year on year +37%+40%+37%
- Manufactured Product Other$4.20B$4.20BQoQ +44%year on year +48%+44%+48%
- Renewable Diesel Product$1.06B$1.06BQoQ +87%year on year +125%+87%+125%
- Ethanol Product$789.0M$789.0MQoQ +17%year on year +1.2%+17%+1.2%
- Distillers Grains$211.0M$211.0MQoQ +12%year on year -4.1%+12%-4.1%
- Neat SAF$80.0M$80.0MQoQ -26%year on year +63%-26%+63%
- Renewable Naphtha Product$39.0M$39.0MQoQ +5.4%year on year -15%+5.4%-15%
Oil & Gas Refining & Marketing
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