Valero Energy Q1 2026 Earnings: Strong Recovery with $1.3B Net Income

Valero Energy Corporation reported strong first quarter 2026 results with net income attributable to Valero stockholders of $1.3 billion, or $4.22 per share, marking a significant recovery from a net loss of $595 million ($1.90 per share) in Q1 2025. The Refining segment showed remarkable improvement with operating income of $1.8 billion compared to an operating loss of $530 million in the prior year. Renewable Diesel and Ethanol segments also performed well with operating incomes of $139 million and $90 million respectively. The company increased its quarterly cash dividend by 6% to $1.20 per share and returned $938 million to stockholders through dividends and share repurchases. Valero issued $850 million in 5.150% Senior Notes due 2036 for debt repayment and general corporate purposes. The company continues progress on the $230 million FCC Unit optimization project at the St. Charles Refinery, expected to begin operations in Q3 2026.