The financials
Valero Energy by the numbers
Valero Energy (VLO) reported revenue of $44.5B in Q2 2026 (quarter ended June 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 2026-Q1 was Distillates at $15.5B, 48% of the disclosed total, just ahead of Gasoline And Blendstocks at 38%.
| 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 | $15.5B | 48% |
| Gasoline And Blendstocks | $12.4B | 38% |
| Manufactured Product Other | $2.91B | 9.0% |
| Ethanol Product | $676M | 2.1% |
| Renewable Diesel Product | $566M | 1.7% |
| Distillers Grains | $189M | 0.6% |
| Neat SAF | $108M | 0.3% |
| Renewable Naphtha Product | $37M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $32.38B (+0.66%)
Neat SAF grew +71% year on yearDistillers Grains -14% year on year
Segment Latestquarter on quarteryear on year
- Distillates$15.46B$15.46BQoQ +6.0%year on year +16%+6.0%+16%
- Gasoline And Blendstocks$12.43B$12.43BQoQ -6.4%year on year +0.46%-6.4%+0.46%
- Manufactured Product Other$2.91B$2.91BQoQ +14%year on year -3.1%+14%-3.1%
- Ethanol Product$676.0M$676.0MQoQ -18%year on year -14%-18%-14%
- Renewable Diesel Product$566.0M$566.0MQoQ -9.1%year on year +45%-9.1%+45%
- Distillers Grains$189.0M$189.0MQoQ -11%year on year -14%-11%-14%
- Neat SAF$108.0M$108.0MQoQ +61%year on year +71%+61%+71%
- Renewable Naphtha Product$37.0M$37.0MQoQ +28%year on year -5.1%+28%-5.1%
Oil & Gas Refining & Marketing
Ranks #1 of 11 by Smart Score