Valero Energy Reports Strong Q2 Earnings Driven by Refining and Renewable Fuels
Valero Energy Corporation (NYSE:VLO) reported second-quarter net income of $3.7 billion or $12.62 per share for the quarter ended June 30, 2026, a significant increase from $714 million in the same period last year. The surge was driven by strong performance across refining, renewable diesel and ethanol operations. Refining generated $4.5 billion in operating income with throughput averaging 3 million barrels per day. The company produced $5.6 billion in operating cash flow during the quarter, returning $2.6 billion to shareholders through dividends or buybacks while maintaining its capital spending outlook of approximately $2 billion for 2026. Management expects refining throughput between 2.8 and 2.9 million barrels per day in Q3 with constructive early conditions. Valero's CEO Lane Riggs highlighted the company’s operational performance across all segments amid global volatility, noting strong demand for transportation fuels and renewable diesel contributions.
Tickers: $VLO
Topics: cash_flow energy ethanol refining renewable_diesel