Valero Energy (VLO) Q3 2026 Earnings

Yes. Valero Energy reported Q3 2026 earnings of $23.90 a share on Oct 22, 2026, beating the $20.30 consensus estimate by 17.8%. Revenue was $46.1B against a $40.3B estimate.

Valero Energy delivered a blowout third quarter of 2026, posting adjusted earnings of $23.90 per diluted share and revenue of $46.10 billion, beating the consensus EPS estimate of $20.30 by 17.76% and topping revenue expectations of $40.29 billion by 14.40%, extending the refiner's streak of consensus EPS beats to six consecutive quarters. Revenue climbed 43.30% year over year, reflecting a refining margin environment that looked dramatically different from a year ago, with the Refining segment's margin per barrel of throughput rising to $39.24 from $13.14 in Q3 2025. That surge in crack spreads powered the Refining segment to operating income of $8.78 billion, up from $1.61 billion a year earlier, with the U.S. Gulf Coast region alone contributing $6.47 billion in refining margin. Beyond refining, both the Renewable Diesel and Ethanol segments added to the momentum, with renewable diesel swinging to a $353 million operating profit from a $28 million loss. Wells Fargo had set a $485 price target ahead of the print, citing the critical question of whether refining margins could support elevated earnings expectations; they clearly could.