Overview
- Valero reported third-quarter revenue of $32.2 billion and adjusted earnings of $3.66 per share, exceeding Wall Street forecasts.
- Refining drove results with $1.6 billion in operating income, up sharply from $565 million a year earlier.
- Refining margin per barrel rose about 44% to $13.14 as throughput averaged 3.1 million barrels per day with 97% utilization and new regional records.
- Renewable Diesel recorded a $28 million operating loss, reversing a profit in the prior-year period.
- The company ended the quarter with $4.8 billion in cash against $8.4 billion in debt, advanced a $230 million St. Charles FCC upgrade slated for the second half of 2026, and its shares traded about 3% higher premarket.