Valero EnergyVLOEarnings & Financial Report
Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the United Kingdom, the company owns and operates 15 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.
VLO Q3 2025 Key Financial Metrics
Revenue
$32.2B
Gross Profit
$1.8B
Operating Profit
$1.5B
Net Profit
$1.1B
Gross Margin
5.5%
Operating Margin
4.7%
Net Margin
3.4%
YoY Growth
-2.2%
EPS
$3.53
Financial Flow
Valero Energy Q3 2025 Financial Summary
Valero Energy reported revenue of $32.2B for Q3 2025, with a net profit of $1.1B (3.4% margin). Cost of goods sold was $30.4B, operating expenses totaled $263.0M.
Key Financial Metrics
| Total Revenue | $32.2B |
|---|---|
| Net Profit | $1.1B |
| Gross Margin | 5.5% |
| Operating Margin | 4.7% |
| Report Period | Q3 2025 |
Valero Energy Annual Revenue by Year
Valero Energy annual revenue history includes year-by-year totals (for example, 2024 revenue was $129.9B).
| Year | Annual Revenue |
|---|---|
| 2024 | $129.9B |
| 2023 | $144.8B |
| 2022 | $176.4B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.41B | $31.76B | $34.49B | $32.88B | $30.76B | $30.26B | $29.89B | $32.17B |
| YoY Growth | -15.2% | -12.8% | -0.1% | -14.4% | -13.2% | -4.7% | -13.3% | -2.2% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $63.06B | $62.57B | $63.62B | $60.38B | $60.14B | $59.18B | $59.43B | $58.62B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $26.35B | $26.06B | $25.44B | $25.25B | $24.51B | $23.49B | $24.08B | $23.75B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.24B | $1.85B | $2.47B | $1.29B | $1.07B | $952.0M | $936.0M | $1.88B |
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