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Valero Energy VLO Refining — Revenue

Other segment segments

Renewable Diesel
$2.68B+144%
Ethanol
$1.31B+8.8%

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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:RevenueFromContractWithCustomerIncludingAssessedTax.

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
Revenues:
Revenues from external customers$42,300$1,176$1,000$44,476
Intersegment revenues21,5063111,819
42,3022,6821,31146,295
Reconciliation of revenues by segmentto consolidated revenues
Elimination of intersegment revenues(1,819)
Total consolidated revenues$44,476
Less:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Valero Energy's refining — revenue?
Valero Energy (VLO) reported refining — revenue of $42.3B in Q2 2026.
How has Valero Energy's refining — revenue changed year-over-year?
Valero Energy's refining — revenue increased by 49.3% year-over-year, from $28.33B to $42.3B.
What is the long-term trend for Valero Energy's refining — revenue?
Over 4 years (2021 to 2025), Valero Energy's refining — revenue has grown at a 2.1% compound annual growth rate (CAGR), from $106.96B to $116.17B.
What does refining — revenue mean?
The total gross income generated from the sale of refined petroleum products, including gasoline, diesel, and jet fuel. This is the primary top-line metric for the refining segment, driven by throughput volume and market-based product pricing.

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