---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-028602"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:30:17.979223+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valero Q1 net income $1.3B ($4.22/sh); dividend raised 6% to $1.20

## Summary
- Reported net income of $1.3B ($4.22/sh) vs net loss $595M ($1.90/sh) in Q1 2025; adjusted Q1 2025 net income $282M ($0.89/sh).
- Refining segment operating income $1.8B vs loss $530M; throughput 2.9M bpd.
- Renewable Diesel segment operating income $139M vs loss $141M; Ethanol $90M vs $20M.
- Dividend increased 6% to $1.20/sh (Jan 22); stockholder returns $938M, payout ratio 59% of adjusted operating cash flow.
- Issued $850M 5.150% Senior Notes due 2036; St. Charles FCC optimization $230M project expected to complete Q3 2026.

## SEC filing metadata
- accession: 0001628280-26-028602
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2026-04-30T23:59:59+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/1035002/000162828026028602/0001628280-26-028602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000162828026028602/vlo-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-028602
- JSON: https://secwatch.observer/filing/0001628280-26-028602.json
- Plain text: https://secwatch.observer/filing/0001628280-26-028602.txt

## Key facts
- Earnings Releases
  VALERO ENERGY CORP/TX reported the first quarter of 2026 results: net income $1.3 billion, or $4.22 per share, EPS $4.22 per share.
  - Period: the first quarter of 2026
  - Net income: $1.3 billion, or $4.22 per share
  - EPS: $4.22 per share
  - Result: reported results
  source text: reported net income attributable to Valero stockholders of $1.3 billion, or $4.22 per share, for the first quarter of 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000162828026028602/0001628280-26-028602-index.htm

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