Valero Energy Corp

VLO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Valero Earnings: Strong Delivery Continues in Fourth Quarter, Likely to Extend Through 2026

Allen Good

Jan 30, 2026

Adjusted earnings rose to $1.2 billion from $207 million the year before, easily surpassing expectations and driven by strong refining and improved results for ethanol. Valero returned 66% of adjusted operating cash flow to shareholders and increased the dividend 6%.

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Valero Energy Corp

Valero Earnings: Strong Delivery Continues in Fourth Quarter, Likely to Extend Through 2026

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