Valero Energy Deferred Income Tax Expense decreased by 1269.0% to -$397.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 22.5%, from -$324.00M to -$397.00M.
Large deferred tax assets or liabilities indicate significant timing differences between book income and taxable income, often driven by depreciation or tax credit carryforwards.
The portion of income tax expense that is not currently payable but is expected to be paid or recovered in future period...
Standard financial reporting item for all corporations subject to income tax.
is_ms_deferred_income_tax_expense| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $103.00M | -$14.00M | -$234.00M | -$99.00M | $172.00M | $54.00M | $105.00M | -$127.00M | -$69.00M | -$31.00M | $22.00M | -$324.00M | $65.00M | -$29.00M | -$397.00M |
| QoQ Change | — | -113.6% | <-999% | +57.7% | +273.7% | -68.6% | +94.4% | -221.0% | +45.7% | +55.1% | +171.0% | <-999% | +120.1% | -144.6% | <-999% |
| YoY Change | — | — | — | -196.1% | >999% | +123.1% | +206.1% | -173.8% | -227.8% | -129.5% | +117.3% | -369.6% | +309.7% | -231.8% | -22.5% |