What were Valero Energy's second-quarter adjusted earnings per share, and how did they compare to analyst expectations?

Valero Energy posted an adjusted profit of $12.54 per share for the quarter ended June 30, which exceeded analysts' expectations of $10.12 per share, according to LSEG data.

How did refining margins contribute to Valero Energy's stronger-than-expected second-quarter performance?

Valero's refining segment adjusted operating earnings more than tripled to $4.4 billion from $1.27 billion a year earlier, driven by higher refining margins—its margin per barrel of throughput was $23.62, nearly double the $12.35 recorded a year earlier—amid elevated global demand for U.S. fuel exports due to Middle East tensions and disrupted shipping through the Strait of Hormuz.

Valero Energy beats quarterly profit estimates on higher refining margins

Jul 30, 2026

Valero Energy reported Q2 adjusted profit of $12.54 per share, beating estimates, as refining margins surged 102% due to increased U.S. fuel export demand from Middle East tensions.

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2026-04-30

Valero Energy Beats Profit Estimates on Strong Refining Performance

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Valero Energy beats quarterly profit estimates on higher refining margins

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Valero Sees Fuel Margins Rising Again Despite Price-Cut Efforts

Valero Energy beats quarterly profit estimates on higher refining margins

FAQ