AI English summary of an SEC filing — figures as filed
Valero Energy VLOValero Energy said net income attributable to Valero stockholders was $6.8 billion for the Q3 2026, compared with $1.1 billion for the Q3 2025, an increase of $5.7 billion. The company said operating income rose $7.6 billion, while income tax expense increased $1.7 billion.
Key points
AI summaryValero Energy said net income attributable to Valero stockholders was $6.8 billion for the Q3 2026, compared with $1.1 billion for the Q3 2025, an increase of $5.7 billion. The company said operating income rose $7.6 billion, while income tax expense increased $1.7 billion.
The company said Refining segment adjusted operating income rose $7.1 billion in Q3, primarily due to higher gasoline and distillate margins. It said throughput fell by 115,000 barrels per day, which had a negative impact of about $420 million.
Valero Energy said its operations generated $13.9 billion of cash in the first 9 months of 2026. It said it spent $1.2 billion on capital investments, $7.3 billion on shareholder returns, and $526 million to repay public debt. As of September 30, 2026, cash, cash equivalents and restricted cash totaled $10.0 billion.
Valero Energy said it had $3.0 billion remaining under its July 2026 Program as of September 30, 2026. It also disclosed that on October 27, 2026, its Board of Directors approved an additional share repurchase authorization of up to $10.0 billion. There is no obligation to repurchase shares.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Key Highlights
Valero Energy said net income attributable to Valero stockholders was $6.8 billion for the Q3 2026, compared with $1.1 billion for the Q3 2025, an increase of $5.7 billion. The company said operating income rose $7.6 billion, while income tax expense increased $1.7 billion.
Source · Based on the MD&A text of the filing
Refining Segment Margin and Throughput Changes
The company said Refining segment adjusted operating income rose $7.1 billion in Q3, primarily due to higher gasoline and distillate margins. It said throughput fell by 115,000 barrels per day, which had a negative impact of about $420 million.
Source · Based on the MD&A text of the filing
Operating Cash Flow and Use of Funds in the Last 9 Months
Valero Energy said its operations generated $13.9 billion of cash in the first 9 months of 2026. It said it spent $1.2 billion on capital investments, $7.3 billion on shareholder returns, and $526 million to repay public debt. As of September 30, 2026, cash, cash equivalents and restricted cash totaled $10.0 billion.
Source · Based on the MD&A text of the filing
Share Repurchase Authorization Limit
Valero Energy said it had $3.0 billion remaining under its July 2026 Program as of September 30, 2026. It also disclosed that on October 27, 2026, its Board of Directors approved an additional share repurchase authorization of up to $10.0 billion. There is no obligation to repurchase shares.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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