Valero Energy Q2 FY26: where the revenue came from and where it went
The whole income statement of Valero Energy for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 30, 2026
Revenue$44.48B
+49% year over year
Gross profit$5.47B
12% margin
Operating profit$5.20B
12% margin
Net profit$3.72B
8% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 44.48 | 100% | +49% |
| Refining | 42.30 | 95% | +49% |
| Renewable diesel | 1.18 | 3% | +108% |
| Ethanol | 1.00 | 2% | +0% |
| Cost of revenue | −39.01 | 88% | |
| Gross profit | 5.47 | 12% margin | +8pp |
| G&A | −0.23 | 1% | +0pp |
| Other | −0.04 | 0% | +0pp |
| Operating profit | 5.20 | 12% margin | +8pp |
| Interest & other costs | −0.38 | ||
| Tax | −1.09 | ||
| Net profit | 3.72 | 8% margin | +6pp |
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