Valero Q4 profit rises to $1.1 billion, $3.73 a share; full-year profit falls
Valero reported fourth-quarter 2025 net income attributable to stockholders of $1.1 billion, or $3.73 per share, up from $281 million, or $0.88 per share, a year earlier. For the full year, net income fell to $2.3 billion, or $7.57 per share, from $2.8 billion, or $8.58 per share, in 2024. The company also raised its quarterly dividend by 6 percent to $1.20 per share.
Key points
- Q4 2025 adjusted net income was $1.2 billion, or $3.82 per share, versus $207 million, or $0.64 per share, in Q4 2024.
- Q4 2025 revenues were $30.4 billion, compared with $30.8 billion in Q4 2024.
- Full-year 2025 adjusted net income was $3.3 billion, or $10.61 per share, versus $2.7 billion, or $8.48 per share, in 2024.
- Stockholder cash returns totaled $1.4 billion in Q4 2025 and $4.0 billion for the year; the dividend increase took effect after the January 22, 2026 announcement.
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing 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 January 29, 2026.
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.