Valero Energy Corporation reported its financial results for the third quarter ended September 30, 2026, filing an -K with the SEC on October 22, 2026. The company reported net income attributable to stockholders of $6.8 billion, or $23.89 per share, for the quarter. This figure represents a significant increase compared to the same period in 2025, when net income was $1.1 billion, or $3.53 per share.
Valero’s Refining segment generated operating income of $8.8 billion for the third quarter of 2026, compared to $1.6 billion in the prior year. The company noted that refining throughput volumes averaged 3.0 million barrels per day during the period. In addition, the company completed the St. Charles Fluid Catalytic Cracking (FCC) Unit optimization project during the quarter, on schedule and within budget.
The Renewable Diesel segment, which includes the Diamond Green Diesel joint venture, reported operating income of $353 million for the third quarter. This marked an improvement from an operating loss of $28 million in the prior year. The Ethanol segment reported operating income of $272 million, with production volumes averaging 4.8 million gallons per day, a new quarterly record.
Valero repaid the outstanding principal balances of $100 million of 7.65% Debentures that matured in July and $426 million of 3.400% Senior Notes that matured in September. As of September 30, 2026, the company held $9.8 billion in cash and cash equivalents and had total debt of $8.6 billion. The company’s effective tax rate for the third quarter was 23 percent.
