Oct 30, 6:27 AM ET
Valero Energy agreed to acquire LYB Houston Hub Holdings, which owns an approximately 700-acre facility next to Valero's Houston refinery, from a LyondellBasell subsidiary for $320.5 million, subject to closing adjustments. Valero expects to initially restart 165,000 barrels per day of light sweet crude processing capacity by year-end 2027, and the deal is expected to close by the end of 2026.
- Purchase price is $320.5 million, subject to closing adjustments; agreement signed October 29, 2026
- Closing depends on customary conditions, including expiration or termination of the Hart-Scott-Rodino antitrust waiting period
- Valero expects to initially restart 165,000 barrels per day of light sweet crude capacity by year-end 2027
- Company says the acquisition may later support investment in high-complexity, heavy sour crude processing
Read the filing on SEC.gov ↗
Oct 22, 8:20 AM ET
Valero Energy reported third-quarter 2026 net income attributable to stockholders of $6.8 billion, or $23.89 per share, up from $1.1 billion, or $3.53 per share, a year earlier. Refining operating income of $8.8 billion, up from $1.6 billion, drove the increase, and the company said it repaid $526 million of debt maturities and completed its St. Charles FCC Unit optimization project.
- Q3 2026 net income attributable to stockholders was $6.8 billion, or $23.89 per share, versus $1.1 billion, or $3.53 per share, in Q3 2025
- Refining operating income was $8.8 billion, compared with $1.6 billion a year earlier; Refining throughput averaged 3.0 million barrels per day
- Q3 2026 revenues were $46.1 billion, compared with $32.2 billion in Q3 2025
- Repaid $100 million of 7.65% Debentures matured in July and $426 million of 3.400% Senior Notes matured in September
Read the filing on SEC.gov ↗
Sep 18, 8:42 AM ET
Valero Energy's board increased its size to 11 members on September 17, 2026, and elected Matthew Audette as a director with a term ending at the 2027 annual meeting. Audette, who is President and CFO of LPL Financial Holdings, also joined the board's Audit Committee, and the board approved a $10,000 increase to both the cash retainer and equity grant components of director pay beginning in 2027. The filing covers a board appointment and does not report financial results or changes to operations.
- Matt Audette elected to the board on September 17, 2026; board size increased to 11 members
- Audette appointed to the Audit Committee, effective immediately
- Audette received a pro-rata grant of 372 stock units and a pro-rata annual cash retainer of $101,667
- Board approved a $10,000 increase to annual cash retainer and equity grant components beginning in 2027
Read the filing on SEC.gov ↗
Jul 30, 8:15 AM ET
Valero reported second-quarter 2026 net income attributable to stockholders of $3.7 billion, or $12.62 per share, up from $714 million, or $2.28 per share, a year earlier. Revenue rose to $44.5 billion from $29.9 billion, and the company returned $2.6 billion to stockholders, which matters to shareholders because it shows higher earnings and continued cash returns.
- Q2 2026 operating income was $5.2 billion, compared with $997 million in Q2 2025; Refining operating income was $4.5 billion.
- Renewable Diesel segment (Diamond Green Diesel joint venture) posted $717 million of operating income, compared with an operating loss of $79 million a year earlier.
- Adjusted earnings per share were $12.54, and a regular quarterly dividend of $1.20 per share was declared on July 16, 2026.
- Stockholder cash returns totaled $2.6 billion, and the St. Charles FCC Unit optimization project is still expected to begin operations in Q3 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.