Valero Energy Reports Strong Q2 Earnings Amid Improved Refining and Renewable Diesel Performance
Valero Energy (VLO) reported second-quarter earnings for 2026 with net income of $3.7 billion, or $12.62 per share, a significant increase from the prior year's $714 million, or $2.28 per share. Adjusted net income was also $3.7 billion, excluding adjustments related to refining operations at its Benicia facility. Refining operating income surged to $4.5 billion due to strong operational performance and favorable market conditions. The company's renewable diesel segment saw a turnaround with an operating profit of $717 million compared to a loss in the previous year, driven by improved RIN and RVO pricing dynamics. Ethanol operations also showed improvement at $318 million versus $54 million last year. Valero maintained strong cash flow generation with $5.6 billion from operations and returned over $2.6 billion to shareholders through dividends. Valero's refining throughput averaged 3 million barrels per day, while it guided for third-quarter refining throughput across its regions. The company also outlined capital expenditures of around $2 billion in 2026, with a focus on sustaining business operations and growth projects.
Tickers: $VLO
Topics: ethanol production net income refining operations renewable diesel