VALERO ENERGY CORP/TX (VLO) FY2026 Q1 P&L / Income Statement
2026-01-01 to 2026-03-31
Revenue by Business Segment by Product and Service
2026-01-01 to 2026-03-31
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VALERO ENERGY CORP/TX (VLO) FY2026 Q1 P&L / Income Statement
Income statement for 2026-01-01 through 2026-03-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.
- Revenues
- 32,381,000,000 US dollars
- Total cost of sales
- 30,329,000,000 US dollars
- Gross profit (calculated)
- 2,052,000,000 US dollars
- Operating expenses (calculated)
- 321,000,000 US dollars
- Operating income (loss)
- 1,731,000,000 US dollars
- Other income (expense), net (calculated)
- negative 8,000,000 US dollars
- Income (loss) before income tax expense (benefit)
- 1,723,000,000 US dollars
- Income tax expense (benefit)
- 401,000,000 US dollars
- Net income (loss)
- 1,322,000,000 US dollars
- Ethanol - Distillers Grains
- 189,000,000 US dollars
- Ethanol - Ethanol
- 676,000,000 US dollars
- Refining - Other Product Revenues
- 2,913,000,000 US dollars
- Refining - Distillates
- 15,461,000,000 US dollars
- Refining - Gasoline and Blendstocks
- 12,431,000,000 US dollars
- Renewable Diesel - Neat SAF
- 108,000,000 US dollars
- Renewable Diesel - Renewable Diesel
- 566,000,000 US dollars
- Renewable Diesel - Renewable Naphtha
- 37,000,000 US dollars
- Asset impairment loss
- 0 US dollars
- Other operating expenses
- 24,000,000 US dollars
- General and administrative expenses (excluding depreciation and amortization expense reflected below)
- 285,000,000 US dollars
- Depreciation and amortization expense
- 12,000,000 US dollars
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- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to VALERO ENERGY CORP/TX: $1.26 B; to noncontrolling interests: $59.00 M.

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Gross margin
6.3%
Gross profit / revenue
Operating margin
5.3%
Operating profit / revenue
Cash conversion
105.1%
Operating cash / net income, same period
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