Valero Energy Corporation
170.66+1.32 (+0.78%)
Oct 29, 4:00:02 PM EDT · NYSE · VLO · USD
Key Stats
Market Cap
52.05BP/E (TTM)
35.48Basic EPS (TTM)
4.81Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Valero's Q3 2025 results showed refining strength, with revenues dipping 2.2% y/y to $32.2B yet operating income surging 198% y/y to $1.5B on wider gasoline and diesel margins, while throughput rose 7% y/y to 3.1M barrels per day. Renewable diesel posted a $28M operating loss, down from $35M profit y/y, as higher feedstock costs and 23% lower sales volumes offset price gains. Ethanol edged up 20% y/y to $183M operating income, buoyed by stronger prices despite elevated corn costs. Cash swelled to $4.8B with $3.8B operating cash flow for the nine months, funding $1.5B buybacks and $1.1B dividends amid $10.6B total debt; a $1.1B California refinery impairment hit nine-month net income to $1.2B, down from $2.5B y/y. Regulatory pressures on low-carbon fuels loom large.
8-K
Valero Q3 net income jumps to $1.1B
Valero Energy reported Q3 2025 net income of $1.1 billion, or $3.53 per share, surging from $364 million last year, fueled by robust refining profits of $1.6 billion amid 97% utilization and record Gulf Coast throughput. Ethanol delivered $183 million in operating income with peak production, while renewable diesel posted a $28 million loss. The company returned $1.3 billion to shareholders via dividends and buybacks. St. Charles FCC optimization starts H2 2026.
8-K
Valero extends $4B credit facility
Valero Energy Corporation amended and restated its $4 billion revolving credit facility on October 16, 2025, extending the maturity from November 22, 2027, to October 16, 2030, while keeping the aggregate principal amount intact and adding an optional $1.5 billion increase to reach $5.5 billion. Interest rates tie to Term SOFR or the Alternate Base Rate plus margins of 0.9% to 1.5% or 0.0% to 0.5%, respectively, based on credit ratings, with commitment fees at 0.1% to 0.25%. This bolsters liquidity for general corporate needs amid steady operations. Yet covenants bind debt levels tightly.
8-K
Valero elects energy expert to board
Valero Energy Corporation expanded its board to 10 members and elected Robert L. Reymond as an independent director on September 18, 2025, effective immediately, appointing him to the Nominating and Corporate Governance Committee. Reymond, former COO of Burns & McDonnell's Energy Group, brings deep expertise in refining, low-carbon fuels, and complex energy projects. This bolsters Valero's governance with seasoned industry insight. He received a pro-rata equity grant of 924 stock units and $97,500 cash retainer.
10-Q
Q2 FY2025 results
Valero's Q2 revenue fell 13% y/y to $29.9B, driven by lower refining prices, yet operating income held at $997M, down 18% y/y, with Refining margins up on stronger gasoline and diesel cracks despite narrower crude differentials (derived). Renewable Diesel swung to a $79M loss from $112M profit, hit by 22% volume drop to 2.7M gallons/day and higher feedstock costs, while Ethanol income dipped 49% to $54M on softer prices. The $1.1B impairment on California refineries—tied to regulatory pressures and a Benicia shutdown by April 2026—hammered YTD results, yielding just $119M net income vs. $2.1B last year. Cash from operations reached $1.9B, funding $1.0B capex and $1.3B shareholder returns; liquidity stands at $9.6B with $10.6B total debt. Regulatory shifts in low-carbon credits pose ongoing risks.
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