VALERO ENERGY CORP/TX (VLO) FY2026 Q1 P&L / Income Statement

Revenue by Business Segment by Product and Service

2026-01-01 to 2026-03-31

Swipe to see the full flow
VALERO ENERGY CORP/TX (VLO) FY2026 Q1 P&L / Income StatementIncome 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.SOURCESREVENUEGROSSOPERATINGPRE-TAXNETRefining - DistillatesRefining - Gasoline and BlendstocksRefining - Other Product RevenuesEthanol - EthanolRenewable Diesel - Renewable DieselEthanol - Distillers GrainsRenewable Diesel - Neat SAFRenewable Diesel - Renewable NaphthaRevenuesGross profit (calculated)Total cost of salesOperating income (loss)Operating expenses (calculated)General and administrative expenses (excluding depreciation and amortization expense reflected below)Depreciation and amortization expenseOther operating expensesIncome (loss) before income tax expense (benefit)Other income (expense), net (calculated)Net income (loss)Income tax expense (benefit)Income (loss) before income tax expense (benefit)Income (loss)before income taxexpense (benefit)$1.72 BGross profit (calculated)Gross profit(calculated)$2.05 BOperating income (loss)Operatingincome (loss)$1.73 BRevenuesRevenues$32.38 BNet income (loss)Net income (loss)$1.32 BOperating expenses (calculated)Operating expenses(calculated)$321.00 MRefining - DistillatesRefining - Distillates$15.46 BTotal cost of salesTotal cost of sales$30.33 BIncome tax expense (benefit)Income taxexpense (benefit)$401.00 MGeneral and administrative expenses (excluding depreciation and amortization expense reflected below)General andadministrative expenses$285.00 MOther income (expense), net (calculated)Other income,net (calculated)−$8.00 MDepreciation and amortization expenseDepreciation andamortization expense$12.00 MRefining - Gasoline and BlendstocksRefining - Gasoline and Blendstocks$12.43 BOther operating expensesOther operating expenses$24.00 MRefining - Other Product RevenuesRefining - Other Product Revenues$2.91 BEthanol - EthanolEthanol - Ethanol$676.00 MRenewable Diesel - Renewable DieselRenewable Diesel - Renewable Diesel$566.00 MEthanol - Distillers GrainsEthanol - Distillers Grains$189.00 MRenewable Diesel - Neat SAFRenewable Diesel - Neat SAF$108.00 MRenewable Diesel - Renewable NaphthaRenewable Diesel -Renewable Naphtha$37.00 M
Chart details

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

Chart connections

  • 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.
VALERO ENERGY CORP/TX (VLO) FY2026 Q1 P&L / Income Statement Sankey chart, Segments by Product and Service view
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Gross margin

6.3%

Gross profit / revenue

Operating margin

5.3%

Operating profit / revenue

Cash conversion

105.1%

Operating cash / net income, same period

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!