The earnings call revealed strong operational performance and a commitment to shareholder returns, highlighted by record refining throughput and strategic debt management. However, there were notable challenges such as a decline in net income and losses in the Renewable Diesel segment.

Company Guidance

During Valero Energy Corp.'s Second Quarter 2025 Earnings Conference Call, several key metrics and guidance were provided. The company reported a net income of $714 million, or $2.28 per share, with a refining segment operating income of $1.3 billion. Refining throughput volumes averaged 2.9 million barrels per day, achieving a 92% capacity utilization. The Renewable Diesel segment faced an operating loss of $79 million, while the Ethanol segment reported $54 million in operating income. Valero maintained a payout ratio of 52% for the quarter and declared a dividend of $1.13 per share. Capital investments for the quarter stood at $407 million, with $371 million dedicated to sustaining the business. Looking ahead, Valero expects third-quarter refining throughput volumes to range across its regions, with refining cash operating expenses projected at $4.80 per barrel. The company anticipates continued strong demand for diesel, while gasoline demand remains flat, and expects sour crude oil differentials to widen due to increased production from OPEC+ and Canada.

Record Refining Throughput

Valero set a record for refining throughput rate in the U.S. Gulf Coast region in Q2 2025, demonstrating benefits from growth and optimization projects.

Strong Operational Performance

Refining margins were supported by strong product demand and low global product inventories, with diesel sales volumes up approximately 10% year-over-year.

Shareholder Returns

Valero honored its commitment to shareholder returns with a payout ratio of 52% in Q2 2025 and announced a quarterly cash dividend of $1.13 per share.

Debt Management

Valero repaid $251 million of senior notes, maintained a strong balance sheet with $8.4 billion of total debt, and ended the quarter with a debt-to-capitalization ratio of 19%.

Valero Energy (VLO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VLO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	3.04 / -	1.14	―	―	―
Jul 24, 2025	2025 (Q2)	1.75 / 2.28	2.71	-15.87% (-0.43)	―
Apr 24, 2025	2025 (Q1)	0.41 / 0.89	3.82	-76.70% (-2.93)	―
Jan 30, 2025	2024 (Q4)	0.07 / 0.64	3.55	-81.97% (-2.91)	―
Oct 24, 2024	2024 (Q3)	0.98 / 1.14	7.49	-84.78% (-6.35)	―
Jul 25, 2024	2024 (Q2)	2.60 / 2.71	5.4	-49.81% (-2.69)	―
Apr 25, 2024	2024 (Q1)	3.20 / 3.82	8.27	-53.81% (-4.45)	―
Jan 25, 2024	2023 (Q4)	2.96 / 3.55	8.45	-57.99% (-4.90)	―
Oct 26, 2023	2023 (Q3)	7.47 / 7.49	7.14	4.90% (+0.35)	―
Jul 27, 2023	2023 (Q2)	5.04 / 5.40	11.36	-52.46% (-5.96)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VLO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$146.34	$139.20	-4.88%
Apr 24, 2025	$112.62	$111.50	-0.99%
Jan 30, 2025	$136.07	$133.19	-2.12%
Oct 24, 2024	$128.67	$127.19	-1.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Valero Energy (VLO) report earnings?

Valero Energy (VLO) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Valero Energy (VLO) earnings time?

Valero Energy (VLO) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VLO EPS forecast?

VLO EPS forecast for the fiscal quarter 2025 (Q3) is 3.04.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing