Valero Energy Corp

VLO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Valero Earnings: Results Demonstrate Strong Execution Amid Turmoil; Outlook Remains Favorable

Allen Good

May 1, 2026

Adjusted earnings rose to $1.3 billion from $282 million the year before, topping expectations and delivering strong results across refining, ethanol, and renewable diesel. Valero returned 59% of adjusted operating cash flow to shareholders as net debt to capital held at 18%.

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Valero Energy Corp

Valero Earnings: Results Demonstrate Strong Execution Amid Turmoil; Outlook Remains Favorable

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