Valero's earnings show a $6.8B quarterly profit

• Valero reported third-quarter 2026 net income of $6.8 billion, up from $1.1 billion a year earlier, with diluted earnings per share reaching $23.89.
• Adjusted EPS reached $23.90, exceeding analysts' $21.07 estimate, while refining operating income increased to $8.8 billion.
• Valero completed its St. Charles refinery optimization project and repaid $526 million in matured debt, while reporting $9.8 billion in cash and equivalents.

Valero Energy (NYSE:VLO) reported third-quarter 2026 net income of $6.8 billion, up from $1.1 billion, supported by higher refining margins.

Diluted earnings per share increased to $23.89 from $3.53, while adjusted EPS reached $23.90, exceeding analysts' $21.07 estimate.

Refining operating income rose to $8.8 billion from $1.6 billion, while operating cash flow reached $6.9 billion and capital investments totaled $432 million.

Valero completed its St. Charles optimization project, which it expects to increase higher-value fuel production, while shares rose 2.6% in premarket trading.

Renewable Diesel operating income reached $353 million, reversing a $28 million loss, while ethanol operating income increased to $272 million from $183 million.

Valero processed 3 million barrels daily, repaid $526 million in matured debt and ended September with $9.8 billion in cash and equivalents.