---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-003974"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:14:53.801934+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valero Q4 net income $1.1B vs $281M YoY; dividend raised 6% to $1.20/share

## Summary
- Adjusted EPS $3.82 for Q4 2025 vs $0.64 in Q4 2024; full-year adjusted EPS $10.61 vs $8.48.
- Refining operating income surged to $1.7B from $437M; record refinery throughput of 3.1M bpd.
- Quarterly dividend increased to $1.20/share from $1.13 (6% hike) announced Jan 22, 2026.
- Stockholder cash returns totaled $1.4B in Q4 and $4.0B for full year 2025.
- St. Charles FCC optimization ($230M) on track for H2 2026; debt-to-cap net cash 18%.

## SEC filing metadata
- accession: 0001628280-26-003974
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000162828026003974/0001628280-26-003974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000162828026003974/vlo-20260129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-003974
- JSON: https://secwatch.observer/filing/0001628280-26-003974.json
- Plain text: https://secwatch.observer/filing/0001628280-26-003974.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.