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.
Revenue
$32.9B
Gross Profit
$754.0M
Operating Profit
$507.0M
Net Profit
$364.0M
Gross Margin
2.3%
Operating Margin
1.5%
Net Margin
1.1%
YoY Growth
-14.4%
EPS
$1.14
Valero Energy Q3 FY2024 Financial Summary
Valero Energy reported revenue of $32.9B (down 14.4% YoY) for Q3 FY2024, with a net profit of $364.0M (down 86.1% YoY) (1.1% margin). Cost of goods sold was $32.1B, operating expenses totaled $247.0M.
Key Financial Metrics
| Total Revenue | $32.9B |
|---|---|
| Net Profit | $364.0M |
| Gross Margin | 2.3% |
| Operating Margin | 1.5% |
| Report Period | Q3 FY2024 |
Valero Energy Annual Revenue by Year
Valero Energy annual revenue history includes year-by-year totals (for example, 2025 revenue was $122.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $122.7B |
| 2024 | $129.9B |
| 2023 | $144.8B |
| 2022 | $176.4B |
Valero Energy Quarterly Revenue & Net Profit History
Valero Energy results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $32.4B | +7.0% | $1.3B | 4.1% |
| Q4 FY2025 | $30.4B | -1.2% | $1.1B | 3.7% |
| Q3 FY2025 | $32.2B | -2.2% | $1.1B | 3.4% |
| Q2 FY2025 | $29.9B | -13.3% | $714.0M | 2.4% |
| Q1 FY2025 | $30.3B | -4.7% | $-595.0M | -2.0% |
| Q4 FY2024 | $30.8B | -13.2% | $281.0M | 0.9% |
| Q3 FY2024 | $32.9B | -14.4% | $364.0M | 1.1% |
| Q2 FY2024 | $34.5B | -0.1% | $880.0M | 2.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.49B | $32.88B | $30.76B | $30.26B | $29.89B | $32.17B | $30.37B | $32.38B |
| YoY Growth | -0.1% | -14.4% | -13.2% | -4.7% | -13.3% | -2.2% | -1.2% | 7.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $63.62B | $60.38B | $60.14B | $59.18B | $59.43B | $58.62B | $57.99B | N/A |
| Liabilities | $38.17B | $35.13B | $35.63B | $35.69B | $35.35B | $34.86B | $34.26B | N/A |
| Equity | $25.44B | $25.25B | $24.51B | $23.49B | $24.08B | $23.75B | $23.73B | $26.93B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.47B | $1.29B | $1.07B | $952.0M | $936.0M | $1.88B | $2.06B | $1.39B |