Valero posts Q1 2026 net income of $1.3 billion, or $4.22 per share
Valero reported first-quarter 2026 net income attributable to stockholders of $1.3 billion, or $4.22 per share, compared with a net loss of $595 million, or $1.90 per share, a year earlier, when an asset impairment loss was recorded. Revenues rose to $32.4 billion from $30.3 billion, and stockholder cash returns totaled $938 million. The quarterly dividend was raised 6 percent to $1.20 per share.
Key points
- Net income attributable to Valero stockholders was $1.263 billion, or $4.22 per share, versus a net loss of $595 million, or $1.90 per share, in Q1 2025.
- Revenues were $32.4 billion, up from $30.3 billion in Q1 2025.
- Refining operating income was $1.8 billion, compared with an operating loss of $530 million in Q1 2025, which included a $1.131 billion asset impairment loss.
- The quarterly cash dividend rose from $1.13 to $1.20 per share on January 22, 2026; Valero issued $850 million of 5.150% Senior Notes due 2036 on March 10, 2026.
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 30, 2026.
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.