Valero swings to $595 million Q1 net loss on $1.1 billion West Coast impairment
Valero Energy reported a first-quarter 2025 net loss attributable to stockholders of $595 million, or $1.90 per share, compared with net income of $1.2 billion, or $3.75 per share, a year earlier. The loss reflects a pre-tax $1.1 billion asset impairment tied to its West Coast assets; excluding that charge, adjusted net income was $282 million, or $0.89 per share, down from $1.3 billion, or $3.84 per share.
Key points
- Net loss of $595 million, or $1.90 per share, versus net income of $1.2 billion, or $3.75 per share, in Q1 2024
- Adjusted net income of $282 million, or $0.89 per share, versus $1.3 billion, or $3.84 per share, in Q1 2024
- Pre-tax asset impairment loss of $1.1 billion related to West Coast assets, or $877 million after tax
- Revenues of $30.3 billion versus $31.8 billion, and $633 million returned to stockholders through dividends and buybacks
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.