Short answer
Valero Energy (VLO) filed its Q1 2026 10-Q quarterly report on Apr 30, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $32.4B (up 7.0% year over year) with net income of $1.3B.
Q1 2026 key financials · XBRL
- Revenue
- $32.4B
- +7.0% YoY
- Net income
- $1.3B
- +312.3% YoY
- Operating margin
- 5.3%
- EPS (diluted)
- $4.22
- +322.1% YoY
Source: XBRL data from the Valero Energy (VLO) Q1 2026 10-Q on SEC EDGAR. USD.
Valero Energy Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $32.381B vs $30.258B YoY, up $2.123B
- Net income $1.263B vs $595M loss YoY; operating margin 5.3% vs negative 3.0%
- Best segment Refining: adjusted operating income $1.830B vs $605M
- Worst segment Ethanol: revenue $1.167B vs $1.225B, down $58M
- Operating cash flow $1.4B; $448M capital investments; $932M returned to stockholders; cash $5.9B
- Outlook: strong demand and low inventories; Port Arthur reduced capacity, Gulf Coast throughput forecast 1.690–1.740M barrels per day
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward regulatory, legal, and compliance risks unchanged from the 10-K
- Carried-forward refining market and operational risks unchanged from the 10-K
- Carried-forward liquidity, debt, and commodity-price risks unchanged from the 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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