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Valero Energy VLO Renewable Diesel — Operating Income (Loss)

Other segment segments

Refining
$4.47B+253%
Ethanol
$318M+489%

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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:OperatingIncomeLoss.

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
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:
Other corporate expenses (b)(255)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Valero Energy's renewable diesel — operating income (loss)?
Valero Energy (VLO) reported renewable diesel — operating income (loss) of $717M in Q2 2026.
How has Valero Energy's renewable diesel — operating income (loss) changed year-over-year?
Valero Energy's renewable diesel — operating income (loss) increased by 1007.6% year-over-year, from -$79M to $717M.
What is the long-term trend for Valero Energy's renewable diesel — operating income (loss)?
Over 3 years (2021 to 2024), Valero Energy's renewable diesel — operating income (loss) has grown at a -10.6% compound annual growth rate (CAGR), from $709M to $507M.
What does renewable diesel — operating income (loss) mean?
This is the core profitability metric for the renewable diesel segment, calculated as segment revenue minus all operating expenses, including depreciation. It measures the segment's ability to generate profit from its core operations before interest and taxes.

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