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Valero Energy VLO Refining — Other operating expenses

Other segment segments

Ethanol
$0
Renewable Diesel
$0

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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:OtherCostAndExpenseOperating.

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
Three months ended June 30, 2026RefiningRenewable DieselEthanolTotal
Operating expenses (excluding depreciation and amortization expense reflected below)1,26391152
Depreciation and amortization expense6357119
Total cost of sales37,8141,965993
Other operating expenses18
Operating income by segment$4,470$717$318$5,505
Reconciliation of operating income by segmentto income before income tax expense
Elimination of intersegment profits(54)
Unallocated amounts:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Valero Energy's refining — other operating expenses?
Valero Energy (VLO) reported refining — other operating expenses of $18M in Q2 2026.
How has Valero Energy's refining — other operating expenses changed year-over-year?
Valero Energy's refining — other operating expenses increased by 350.0% year-over-year, from $4M to $18M.
What is the long-term trend for Valero Energy's refining — other operating expenses?
Over 4 years (2021 to 2025), Valero Energy's refining — other operating expenses has grown at a -34.8% compound annual growth rate (CAGR), from $83M to $15M.
What does refining — other operating expenses mean?
This metric captures miscellaneous operating costs within the refining segment that are not categorized under direct cost of revenue or standard operating expenses. It may include specific regulatory compliance costs, environmental remediation expenses, or unique segment-level administrative charges. It is used to track secondary cost drivers that impact the segment's overall profitability.

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