European Investor
24 Jul 2025, 19:47
Valero Energy Q2 2025 Earnings Summary
Valero Energy reported Q2 net income of $714 million ($2.28 per share), down from $880 million a year earlier. The company returned $695 million to shareholders through dividends and buybacks and repaid $251 million in debt.
• Refining: $1.3 billion operating income; record Gulf Coast throughput
• Renewable Diesel: $79 million loss (vs. $112M gain in Q2 2024)
• Ethanol: $54 million income (vs. $105M in Q2 2024)
• Cash flow: $1.3 billion adjusted net operating cash
• Dividend: $1.13 per share declared, payable Sept 2
• Capex: $407 million, mostly for maintenance
• Debt: $8.4 billion total; net debt-to-capitalization ratio 19%
Valero continues work on an FCC optimization project at its St. Charles refinery, expected to complete in 2026.
Valero Energy reported Q2 net income of $714 million ($2.28 per share), down from $880 million a year earlier. The company returned $695 million to shareholders through dividends and buybacks and repaid $251 million in debt.
• Refining: $1.3 billion operating income; record Gulf Coast throughput
• Renewable Diesel: $79 million loss (vs. $112M gain in Q2 2024)
• Ethanol: $54 million income (vs. $105M in Q2 2024)
• Cash flow: $1.3 billion adjusted net operating cash
• Dividend: $1.13 per share declared, payable Sept 2
• Capex: $407 million, mostly for maintenance
• Debt: $8.4 billion total; net debt-to-capitalization ratio 19%
Valero continues work on an FCC optimization project at its St. Charles refinery, expected to complete in 2026.