Citable filing context
VLO's research view summarizes recent SEC filing context, starting with earnings from Jul 30, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 30, 2026 | earnings | Valero Energy reported Q2 2026 net income of $3.7 billion, or $12.62 per share. |
| Jul 16, 2026 | share_repurchase | Valero Energy Corporation authorized a new $5.0 billion share repurchase program on July 16, 2026. |
| May 8, 2026 | management_change | SVP Eric A. Fisher announced his retirement effective July 1, 2026. |
| Jul 30, 2026 | Guidance: project_completion | not reported to not reported |
| Sep 9, 2021 | Guidance: capital_investments | not reported to 2000.00 |
| Sep 9, 2021 | Guidance: ethanol_operating_expense | not reported to 0.43 |
| Jul 30, 2026 | mda_quarterly | Valero Energy Corporation reported strong financial performance for the first half of 2026, driven by robust global demand for transportation fuels and constrained refining capacity. Net income attributable to stockholders reached $3.7 billion for the second quarter and $5.0 billion for the first six months, significantly outpacing the prior-year periods. This growth was primarily fueled by higher margins in the Refining segment—specifically for gasoline and distillates—and improved performance in the Renewable Diesel and Ethanol segments, the latter benefiting from new clean fuel production credits. Operational results were influenced by the phased idling and eventual cessation of refining operations at the Benicia Refinery, completed in April 2026, and a March 2026 fire at the Port Arthur Refinery, which temporarily reduced throughput. Despite these disruptions, aggregate throughput volumes increased compared to 2025. Valero maintains a strong liquidity position, ending the period with $12.7 billion in total liquidity, including $8.1 billion in cash and cash equivalents. The company continues to prioritize shareholder returns, deploying $3.6 billion toward stock repurchases and dividends during the first half of 2026. Management expects 2026 capital investments to total approximately $2.0 billion, with a focus on sustaining existing operations and addressing the Port Arthur incident. |
| Apr 30, 2026 | mda_quarterly | Valero reported net income attributable to stockholders of $1.3 billion for the first quarter of 2026, reversing a $595 million loss in the prior year. This recovery was primarily driven by the Refining segment, where adjusted operating income rose by $1.2 billion due to stronger distillate margins, increased crude oil differentials, and higher throughput, which offset declining gasoline margins. The Renewable Diesel segment returned to profitability with $139 million in operating income, supported by higher product prices and clean fuel production credits. Similarly, the Ethanol segment's operating income rose to $90 million, benefiting from lower corn prices and new credits under the One Big Beautiful Bill Act. Operational risks include the completed idling of the Benicia Refinery and a March 2026 fire at the Port Arthur Refinery; the latter currently operates at reduced capacity and will necessitate additional capital expenditures. Liquidity remains robust at $10.8 billion, bolstered by the issuance of $850 million in 5.150% Senior Notes. Capital allocation focused on stockholder returns, including $932 million in dividends and buybacks, alongside a new $2.5 billion share repurchase authorization. Additionally, the company recorded a $51 million receivable following a Supreme Court ruling invalidating certain IEEPA tariffs. |
Source: SEC EDGAR filing text and events; period Jul 30, 2026; filed Jul 30, 2026.
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