Valero Q2 net income rises to $3.7 billion, or $12.62 a share, from $2.28
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.
Key points
- 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.
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 July 30, 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.