Every 10-Q that Valero Energy Corporation (VLO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VLO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VLO filings page.
Valero Energy reported strong Q2 2026 results, with revenues of $44,476 million and net income attributable to stockholders of $3,720 million versus $714 million a year earlier; diluted EPS was $12.62. For the first six months of 2026, net income attributable to stockholders totaled $4,983 million.
Refining generated operating income of $4,470 million in Q2, while Renewable Diesel swung to operating income of $717 million and Ethanol contributed $318 million. A $44 million LIFO inventory layer benefit also supported margins.
Operating cash flow reached $6,970 million in the first half, funding $798 million of capital investments and $3.6 billion returned to shareholders via share repurchases and dividends. Cash, cash equivalents, and restricted cash increased to $8,054 million, liquidity was $12.7 billion, and Valero issued $850 million of 5.150 percent Senior Notes due 2036 amid ongoing Benicia decommissioning and recovery from a Port Arthur refinery fire.
Valero Energy Corporation reported a strong turnaround for the quarter ended March 31, 2026. Revenues rose to $32.4 billion from $30.3 billion, driven mainly by higher diesel prices and volumes. Net income attributable to stockholders was $1.3 billion, compared with a prior-year loss of $595 million, and diluted EPS improved to $4.22 from a loss of $1.90 per share.
The Refining segment led results, with operating income of $1.8 billion versus a loss a year earlier, helped by stronger distillate margins and wider crude differentials. Renewable Diesel earned operating income of $139 million, reflecting higher product prices and larger clean fuel production credits, while Ethanol segment income increased to $90 million on lower corn costs and new credits. Operating cash flow reached $1.4 billion, funding $448 million of capital investments and $932 million in share repurchases and dividends.
Cash, cash equivalents, and restricted cash increased to $5.9 billion, and Valero issued $850 million of 5.150% Senior Notes due 2036. The company continued executing its plan to idle the Benicia Refinery and settled about $100 million of previously recognized asset retirement obligations. A fire at the Port Arthur Refinery caused a temporary shutdown; operations have resumed at reduced capacity, and Valero faces related lawsuits and potential regulatory reviews, with financial impacts not yet reasonably estimable.
Valero Energy (VLO) reported Q3 2025 results. Revenue was $32,168 million and operating income was $1,509 million. Net income attributable to stockholders was $1,095 million, or $3.54 per share, compared with $1.14 a year ago. For the first nine months, revenue totaled $92,315 million and operating cash flow was $3,769 million.
Strategic and accounting updates: In March 2025, Valero recorded a $1.1 billion asset impairment tied to its California refineries after deciding to cease refining at the Benicia Refinery by the end of April 2026. The company recognized incremental depreciation of about $100 million in Q3 (approximately $200 million year-to-date) and a $50 million one-time employee transition liability.
Balance sheet and capital returns: Cash and cash equivalents were $4,764 million as of September 30, 2025; debt and finance lease obligations (long-term) were $9,687 million. Valero issued $650 million of 5.150% Senior Notes due 2030 and used proceeds to repay 2025 maturities. Year-to-date, it repurchased $1,544 million of stock and paid $1,061 million in dividends. Shares outstanding were 305,009,539 as of October 17, 2025.