Valero’s Q1 Refining Strength Drives $1.8B Operating Income

SECAUCUS, NJ (DTN) – Valero on Thursday (4/30) reported $1.8 billion in first quarter 2026 operating income for its refining segment, swinging from a loss during the same period last year.

Valero also reported:

• The refining segment posted an operating loss of $530 million in the first quarter of 2025. Refining throughput volumes averaged 2.9 million bpd in the first quarter of 2026.
• The renewable diesel segment reported $139 million in operating income, with sales volumes averaging 3 million gallons per day. In the first quarter of the prior year, the segment reported an operating loss of $141 million.
• The ethanol segment achieved $90 million in operating income on production volumes averaging 4.6 million gallons per day. This compares to an operating income of $20 million in the first quarter of 2025.