Valero said net income attributable to its stockholders was $1.3 billion ($4.22 per share) for Q1 2026, compared with a net loss of $595 million ($1.90 per share) for Q1 2025.

1. 01

   Valero said net income attributable to its stockholders was $1.3 billion ($4.22 per share) for Q1 2026, compared with a net loss of $595 million ($1.90 per share) for Q1 2025.

2. 02

   The company said Refining segment operating income was $1.8 billion for Q1 2026, compared with an operating loss of $530 million for Q1 2025. It said adjusted Refining operating income for Q1 2025 was $605 million.

3. 03

   Valero said net cash provided by operating activities was $1.4 billion for Q1 2026, including an unfavorable impact of $303 million from working capital. Stockholder cash returns totaled $938 million, a payout ratio of 59% of adjusted net cash provided by operating activities.

4. 04

   The company said it issued $850 million aggregate principal amount of 5.150% Senior Notes due 2036 on March 10, 2026. It said total debt was $9.2 billion and cash and cash equivalents were $5.7 billion as of the end of Q1 2026.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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