Valero Energy Q3 2026 Profit Surges Sixfold as Adjusted EPS Crushes Estimates

Valero Energy reported a dramatic turnaround in its third quarter of 2026, posting net income attributable to stockholders of $6.8 billion, or $23.89 per share, compared with $1.1 billion, or $3.53 per share, in the same quarter a year earlier. Adjusted earnings per share came in at $23.90, well above the Wall Street consensus estimate of $21.10, a beat of $3.00 per share.

Revenue for the quarter reached $46.10 billion, falling slightly short of the $47.22 billion analysts had expected, but the shortfall was overshadowed by the strength in earnings and throughput. Total refinery throughput hit 2,972 thousand barrels per day, exceeding the estimate of 2,880 thousand barrels per day, signaling strong operational execution across the company's refining network.