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Valero Energy VLO Ethanol — Clean fuel production credit

Similar metrics at other companies

EVR
EVRGEffective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Amount
$14.38M-3.8%
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NRGRenewables — Income Tax Expense Benefit
-$5M-11.1%
EVR
EVRGEffective Income Tax Rate Reconciliation, Tax Credit, Other, Amount
$550K-46.3%
EVR
EVRGEffective Income Tax Rate Reconciliation, Tax Credit, Energy-Related, Percent
6.4%-0.1pp
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PSXRenewable Fuels — Taxes other than income taxes
$31M-11.4%
Alcoa logo
AARefinery — Deferred Energy Credit
$1.5M—

Other financials

Income statement

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Revenue$32.4B+7.0%
Gross profit$2.1B+305%
Operating income$1.7B+292%
Net income$1.3B+312%
EPS (diluted)$4.22+322%

Balance sheet

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Cash & equivalents$5.7B+23.7%
Total debt$11.5B+5.9%
Total equity$23.9B+1.6%
Total assets$62.1B+5.0%

Cash flow

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Operating cash flow$1.4B+46.0%

Valuation

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Market cap$71.2B+77.9%
Enterprise value$76.95B+66.7%
P/E16.9×-26.1×
P/S0.6×+0.3×

Profitability

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Gross margin5.6%+3.0pp
Operating margin4.7%+3.7pp
Net margin3.4%+2.6pp

Returns & leverage

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Return on equity17.8%+14.0pp
Debt / equity0.5×0.0×
Current ratio1.6×0.0×

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Questions, answered.

What is Valero Energy's ethanol — clean fuel production credit?
Valero Energy (VLO) reported ethanol — clean fuel production credit of $20M in Q1 2026.
What does ethanol — clean fuel production credit mean?
The total financial value of government tax credits earned by producing renewable or low-carbon ethanol fuels.
How do you interpret ethanol — clean fuel production credit?
An increase signals higher government support or increased production volume of qualifying low-carbon fuels, directly boosting segment profitability.
How does ethanol — clean fuel production credit compare across companies?
Other renewable energy producers report similar government incentive income, often categorized as production tax credits or renewable identification number (RIN) related benefits.