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

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

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.