What is Valero's planned refinery utilization rate for Q2 2026, and how does it compare to its total capacity?

Valero plans to run its 13 refineries in the U.S. and Britain at 92% to 95% of their combined total throughput capacity of 3 million barrels per day (bpd) in the second quarter of 2026.

How is the Port Arthur refinery recovering from the March 23 explosion and fire, and what is the expected timeline for full operations?

The Port Arthur refinery’s small crude distillation unit (CDU) restarted in early April, bringing several units back online; the large CDU is being restarted, with Valero expecting the refinery to return to 'fairly normal' production rates by May 1, though it remains at reduced levels until then.

Valero to Run Refineries Up to 95% of Capacity in Q2 2026, Conf Call

Apr 30, 2026

Valero Energy plans to operate its US and UK refineries at up to 95% capacity in the second quarter following the Port Arthur unit restart. Strong Q1 earnings and high refining margins resulted from global supply disruptions despite the Benicia refinery closure.

reuters

2026-04-30

Valero to Run Refineries Up to 95% of Capacity in Q2 2026, Conf Call

Valero to Run Refineries Up to 95% of Capacity in Q2 2026, Conf Call

FAQ