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Valero Energy VLO Q2 2025 earnings

Reported July 24, 2025 · Before market open

Revenue$29.9BBeat by $2.4B
EPS$2.28Beat by $0.53
Revenue estimate$27.5B
EPS estimate$1.75

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$40.4B
EPS estimate$18.88

Financials

Q2 2025

Income statement

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Revenue$29.9B-13.3%
Gross profit$1.2B-13.2%
Operating income$997.0M-18.3%
Net income$714.0M-18.9%
EPS (diluted)$2.28-15.9%

Balance sheet

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Cash & equivalents$4.5B-13.5%
Total debt$10.6B-0.9%
Total equity$24.1B-5.4%
Total assets$59.4B-6.6%

Cash flow

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Operating cash flow$936.0M-62.1%
CapEx$407.0M-3.1%
Free cash flow$529.0M-74.2%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$42.55B-18.0%
Enterprise value$48.66B-15.2%
P/E55.7×+47.0×
P/S0.3×0.0×

Profitability

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Gross margin2.5%-3.9pp
Operating margin0.8%-4.9pp
Net margin0.6%-3.6pp

Returns & leverage

See full
Return on equity3.1%-20.1pp
Debt / equity0.4×0.0×
Current ratio1.6×+0.1×

Segments

By product

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Distillates$12.8B-10.7%
Gasoline and Blendstocks$12.7B-18.0%
Ethanol Product$780.0M+17.8%
Renewable Diesel Product$470.0M-13.0%
Distillers Grains$220.0M-4.3%

By segment

See full
Refining$28.3B-14.3%
Ethanol$1.2B+7.5%
Renewable Diesel$1.1B-7.3%

By geography

See full
U.K. and Ireland$4.0B+3.9%
Other Countries$1.4B-22.0%
Mexico and Peru$1.3B-4.4%

FAQ

When did Valero Energy report Q2 2025 earnings?
Valero Energy (VLO) reported Q2 2025 earnings on July 24, 2025 before market open.
What were Valero Energy's Q2 2025 revenue and EPS?
Valero Energy reported revenue of $29.9B and eps of $2.28 for Q2 2025.
Did Valero Energy beat estimates in Q2 2025?
Revenue beat the consensus estimate of $27.5B by $2.4B. EPS beat the consensus estimate of $1.75 by $0.53.
How did Valero Energy's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 13.3% from $34.5B a year earlier and eps declined 15.9% from $2.71.
Where can I find Valero Energy's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001035002-25-000060) and the 10-Q periodic report (0001035002-25-000061) directly on SEC EDGAR. The filing index links above go to sec.gov.