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

- Company: VALERO ENERGY CORP/TX (VLO)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-04-30, accession number 0001628280-26-028690
- Page: https://plicit.ai/financials/vlo/fy2026-q1-income-statement
- Chart image: https://plicit.ai/charts/vlo-fy2026-q1-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Product and Service

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.

## Chart details: Revenue by Business Segment (3 categories)

- Page: https://plicit.ai/financials/vlo/fy2026-q1-income-statement/revenue-by-business-segment-3-categories
- Chart image: https://plicit.ai/charts/vlo-fy2026-q1-revenue-by-business-segment-3-categories-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Business segment (3 categories). 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
- **Refining**: 30,805,000,000 US dollars
- **Renewable Diesel**: 711,000,000 US dollars
- **Ethanol**: 865,000,000 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
- **Refining costs (calculated)**: 29,001,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Renewable Diesel costs (calculated)**: 1,275,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Ethanol costs (calculated)**: 1,077,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: negative 703,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### 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.

## Chart details: Revenue by Business Segment (6 categories)

- Page: https://plicit.ai/financials/vlo/fy2026-q1-income-statement/revenue-by-business-segment-6-categories
- Chart image: https://plicit.ai/charts/vlo-fy2026-q1-revenue-by-business-segment-6-categories-sankey.png

Income statement for 2026-01-01 through 2026-03-31. View: Business segment (6 categories). 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
- **Refining**: 30,807,000,000 US dollars
- **Renewable Diesel**: 1,414,000,000 US dollars
- **Ethanol**: 1,167,000,000 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
- **Revenue before reconciliation (calculated)**: 33,388,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Refining**: negative 2,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Renewable Diesel**: negative 703,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Ethanol**: negative 302,000,000 US dollars. Reported reconciliation to consolidated revenue.
- **Refining costs (calculated)**: 29,001,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Renewable Diesel costs (calculated)**: 1,275,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Ethanol costs (calculated)**: 1,077,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: negative 703,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to VALERO ENERGY CORP/TX: $1.26 B; to noncontrolling interests: $59.00 M.