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Valero Energy VLO Overhead expenses

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Segments

By segment

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Refining$1.26B-3.4%
Ethanol$152M+5.6%
Renewable Diesel$91M+26.4%

Other financials

Income statement

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Revenue$44.5B+48.8%
Gross profit$5.5B+338%
Operating income$5.2B+421%
Net income$3.7B+421%
EPS (diluted)$12.62+454%

Balance sheet

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Cash & equivalents$7.9B+73.6%
Total debt$11.3B+6.6%
Total equity$25.0B+3.8%
Total assets$64.7B+8.8%

Cash flow

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Operating cash flow$5.6B+496%
CapEx$409.0M-4.7%
Free cash flow$1.5B+70.0%

Valuation

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Market cap$90.09B+115%
Enterprise value$93.57B+94.7%
P/E12.5×-42.4×
P/S0.7×+0.3×

Profitability

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Gross margin8%+5.5pp
Operating margin7.2%+6.4pp
Net margin5.2%+4.6pp
FCF margin3.5%

Returns & leverage

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Return on equity29.4%+26.3pp
Debt / equity0.5×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Valero Energy in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldOverhead.

The source filing: Valero Energy’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050937
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of sales:
Cost of materials and other35,13024,67861,31550,726
Taxes other than income taxes1,6481,6543,3693,154
Operating expenses (excluding depreciation and amortizationexpense reflected below)1,5061,5223,1013,045
Depreciation and amortization expense7237861,5511,466
Total cost of sales39,00728,64069,33658,391
Asset impairment loss1,131
Other operating expenses264508

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Valero Energy's overhead expenses?
Valero Energy (VLO) reported overhead expenses of $1.51B in Q2 2026.
How has Valero Energy's overhead expenses changed year-over-year?
Valero Energy's overhead expenses decreased by 1.1% year-over-year, from $1.52B to $1.51B.
What is the long-term trend for Valero Energy's overhead expenses?
Over 4 years (2021 to 2025), Valero Energy's overhead expenses has grown at a 2.4% compound annual growth rate (CAGR), from $5.78B to $6.34B.
What does overhead expenses mean?
This metric encompasses indirect costs associated with the production process that are not directly tied to specific raw materials. It includes utility costs, maintenance of refining equipment, and other facility-related expenses necessary to keep operations running. Monitoring this helps evaluate the operational efficiency of the company's physical assets.

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