Valero’s bottom line soars with $3.7 billion Q2 profit

• Valero Energy reported second-quarter 2026 net income of $3.7 billion, or $12.62 per share.
• The company generated $5.6 billion in operating cash flow and returned $2.6 billion to shareholders.
• Results were supported by stronger refining, renewable diesel and ethanol segment performance.

Valero Energy (NYSE:VLO) reported second-quarter 2026 net income attributable to stockholders of $3.7 billion, or $12.62 per share, compared with $714 million, or $2.28 per share, a year earlier.

Adjusted net income attributable to stockholders was $3.7 billion, or $12.54 per share, as the company reported higher operating income across its refining, renewable diesel and ethanol businesses.

Valero’s Refining segment reported operating income of $4.5 billion, while Renewable Diesel operating income reached $717 million compared with a loss of $79 million a year earlier and Ethanol operating income increased to $318 million from $54 million.

The company returned $2.6 billion to stockholders during the quarter.

Valero also generated $5.6 billion in net cash from operating activities, invested $350 million in capital projects and ended the quarter with $7.9 billion in cash and cash equivalents against $9.1 billion of total debt.

Meanwhile, Valero announced a quarterly cash dividend of $1.20 per share on July 16, 2026, while the St. Charles FCC Unit optimization project remains expected to begin operations in the third quarter of 2026.