Valero Energy Corporation (VLO) Financial Statements

Valero Energy Corporation

VLO · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$122.69B	$129.88B	$144.77B	$176.38B	$113.98B	$64.91B	$108.32B	$117.03B
Cost of Revenue	$117.25B	$125.08B	$131.83B	$159.59B	$110.85B	$65.65B	$103.55B	$111.44B
Selling, General & Administrative	$1.04B	$961.00M	$998.00M	$934.00M	$865.00M	$756.00M	$868.00M	$925.00M
Operating Income	$3.18B	$3.75B	$11.86B	$15.69B	$2.13B	-$1.58B	$3.84B	$4.57B
Interest Expense	$556.00M	$556.00M	$592.00M	$562.00M	$603.00M	$563.00M	$454.00M	$470.00M
Other Income / (Expense)	$380.00M	$499.00M	$502.00M	$179.00M	$16.00M	$132.00M	$104.00M	$130.00M
Income Before Taxes	$3.00B	$3.70B	$11.77B	$15.31B	$1.54B	-$2.01B	$3.49B	$4.23B
Provision for Income Taxes	$759.00M	$692.00M	$2.62B	$3.43B	$255.00M	-$903.00M	$702.00M	$879.00M
Net Income	$2.35B	$2.77B	$8.84B	$11.53B	$930.00M	-$1.42B	$2.42B	$3.12B
Basic EPS	$7.57	$8.58	$24.93	$29.05	$2.27	-$3.50	$5.84	$7.30
Diluted EPS	$7.57	$8.58	$24.92	$29.04	$2.27	-$3.50	$5.84	$7.29
Basic Shares Outstanding	309.00M	322.00M	353.00M	395.00M	407.00M	407.00M	413.00M	426.00M
Diluted Shares Outstanding	309.00M	322.00M	353.00M	396.00M	407.00M	407.00M	414.00M	428.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$39.19	$29.37	$46.95	8	↑5 ↓0
Dec 2027	$28.11	$13.59	$39.35	9	↑5 ↓0
Dec 2028	$18.82	$11.78	$26.22	3	↑0 ↓0
Dec 2029	$10.73	$10.73	$10.73	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: VLO
Type: Stock
Sector: Energy
Industry: Integrated oil Companies
Country: North America
Exchange: NYSE

Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States ( U.S. ), Canada, the United Kingdom ( U.K. ), Ireland, and Latin America. Valero operates 14 petroleum refineries located in the U.S., Canada, and the U.K. with a combined throughput capacity of approximately 3 million barrels per day. Valero is a joint venture member in Diamond Green Diesel Holdings LLC, which produces low-carbon fuels including renewable diesel and sustainable aviation fuel (SAF), with a production capacity of approximately 1.2 billion gallons per year in the U.S. Gulf Coast region. See the annual report on Form 10-K for more information on SAF. Valero also owns 12 ethanol plants located in the U.S. Mid-Continent region with a combined production capacity of approximately 1.7 billion gallons per year.

Key Issues

Bullish view

The second-quarter results were described as a broad-based beat, with refining, renewable diesel and ethanol all contributing stronger profits and cash flow. That breadth supports the case that operating momentum extends beyond one business line.

Bearish view

The evidence does not establish that the improvement will persist, while fiscal 2025 revenue and net income both declined from fiscal 2024. Without forward guidance or additional operating figures, the durability of the Q2 surge remains unproven.

Analyst Consensus

See all

Hold

17 analysts

$303

Current

—

Low

$323

Average

—

High

Average target implies +6.55% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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