Valero Energy Q1 revenue and EPS beat estimates, ups dividend

Valero Energy

30/04/2026 11:40

Overview

U.S. petroleum refiner's Q1 revenue and adjusted EPS beat analyst expectations

Company raised quarterly dividend by 6% and returned $938 mln to shareholders

Refining, renewable diesel, and ethanol segments all reported higher operating income yr/yr

Outlook

St. Charles FCC Unit optimization project expected to begin operations in Q3 2026

Company says it is well-positioned to benefit from the current margin environment

Valero remains focused on operational excellence and system-wide optimization

Result Drivers

REFINING MARGINS - Higher refining margins and increased throughput volumes drove a sharp rise in operating income for the Refining segment

RENEWABLE DIESEL TURNAROUND - Renewable Diesel segment returned to profitability on higher sales volumes and improved margins

ETHANOL MARGIN GAINS - Ethanol segment operating income rose with improved margins and higher production volumes

Company press release: ID:nBw5R7XZta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$32.38 bln
$30.73 bln (9 Analysts)
Q1 Adjusted EPS
Beat
$4.22
$3.16 (17 Analysts)
Q1 EPS
$4.22


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

Wall Street's median 12-month price target for Valero Energy Corp is $250.00, about 0.5% above its April 29 closing price of $251.30

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)