Valero Energy Corporation · VLO · Next earnings

Valero Energy Corporation reports Thursday, Oct 22, 2026

VLO reports before market open with consensus EPS at $18.52 and revenue at $39.53B. Last quarter: Valero Earnings Beat: $1.3B Net Income, Record Jet Yields, Port Arthur Fire Clouds Q2

Reports Before market open32 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $18.52 Calendar consensus
Consensus revenue $39.53B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session Before market open 32 days away

Where VLO left off: FY2026 Q1

Full report

Valero Earnings Beat: $1.3B Net Income, Record Jet Yields, Port Arthur Fire Clouds Q2

EPS surprise +33.5% Reported $4.22 vs $3.16
Revenue surprise +3.2% Reported $32.38B vs $31.38B
Stock move +0.5% Event window
Subsequent drift -3.1% Up to 20 sessions

Management maintained guidance with a stable capex outlook. The prior quarter's $1.7 billion 2026 capex target and 6% dividend increase were reiterated. The SCC unit optimization project at St. Charles is expected to begin operations in 2026. The Port Arthur fire introduces incremental capex not previously in guidance, but management characterized repairs as near-term with throughput normalization expected by May.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Port Arthur fire repair timeline and incremental capital expenditures
  • VGO shortage potentially limiting jet and gasoline production yields
  • Volatile commodity markets and steep backwardation affecting capture rates
  • Geopolitical tensions creating supply-demand imbalances
  • Regulatory uncertainty around renewable diesel incentives (RVO, PTC, RIN)

Questions analysts left open

  • Evidence of demand destruction versus supply constraints
  • Impact of the Port Arthur fire on Q2 throughput and earnings
  • Potential VGO shortage and its effect on product yields
  • Capital expenditure outlook for the incident and overall capex guidance
  • Share buyback valuation and future cash return policy

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Recent VLO quarters

All VLO earnings
+0.5%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.