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Operating Expenses

D&A

Valero Energy D&A increased by 2.9% to $828M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 21.8%, from $680M to $828M. Over 4 years (FY 2021 to FY 2025), D&A shows an upward trend with a 7.0% CAGR.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2015
Last reportedQ1 2026Apr 30, 2026

How to read this metric

High levels relative to revenue are expected in capital-intensive industries, but a sudden spike may indicate significant asset additions or changes in depreciation schedules.

Detailed definition

This represents the systematic allocation of the cost of tangible assets, such as refineries and processing plants, over...

Peer comparison

Standard in manufacturing and energy; peers report this as part of Cost of Goods Sold (COGS).

Metric ID: operating_expenses_cost_of_goods_and_services_sold_depre_41c147

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$576M$630M$586M$595M$590M$621M$622M$650M$658M$671M$679M$683M$684M$675M$687M$680M$786M$824M$805M$828M
QoQ Change+9.4%-7.0%+1.5%-0.8%+5.3%+0.2%+4.5%+1.2%+2.0%+1.2%+0.6%+0.1%-1.3%+1.8%-1.0%+15.6%+4.8%-2.3%+2.9%
YoY Change+2.4%-1.4%+6.1%+9.2%+11.5%+8.1%+9.2%+5.1%+4.0%+0.6%+1.2%-0.4%+14.9%+22.1%+17.2%+21.8%
Range$576M$828M
CAGR+7.9%
Avg YoY Growth+8.2%
Median YoY Growth+7.1%

Business Segments

View all
SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Refining$604M$589M$598M$594M$707M$728M$725M$732M
Renewable Diesel$62M$69M$69M$68M$61M$76M$62M$78M
Ethanol$19M$19M$20M$19M$19M$21M$20M$19M
Total$684M$675M$687M$680M$786M$824M$805M$828M

Frequently Asked Questions

What is Valero Energy's d&a?
Valero Energy (VLO) reported d&a of $828M in Q1 2026.
How has Valero Energy's d&a changed year-over-year?
Valero Energy's d&a increased by 21.8% year-over-year, from $680M to $828M.
What is the long-term trend for Valero Energy's d&a?
Over 4 years (2021 to 2025), Valero Energy's d&a has grown at a 7.0% compound annual growth rate (CAGR), from $2.36B to $3.1B.
What does d&a mean?
The portion of the cost of machinery and plants allocated to the production of goods during the period.