Valero Q3 Refining Income at $1.6B, Almost Triple Yr-on-Yr

SECAUCUS, NJ (DTN) – Valero Energy Corp reported on Thursday (10/23) an operating income of $1.6 billion in its refining segment for the third quarter of 2025, almost triple the $565 million contribution from the sector from the same quarter a year ago.

The yield from refining was also $300 million higher than in the second quarter and extended the sector’s upswing from its negative operating income of $530 million in the first quarter.

The upbeat performance in refining helped Valero to post an overall net income of $1.1 billion for the third quarter, versus $364 million in the second.

Refining throughput volumes averaged 3.1 million bpd for the quarter in review, slightly above the 2.9 million bpd from a year ago.

The Renewable Diesel segment, which consists of the Diamond Green Diesel joint venture, reported an operating loss of $28 million, compared to an operating income of $35 million for the third quarter of last year. Segment sales volumes averaged 2.7 million gallons per day.

Valero’s ethanol segment generated $183 million in operating income, up from $153 million in the year-ago quarter. Ethanol production volumes averaged 4.6 million gallons per day.