Valero Energy Corp. (NYSE:VLO) stock declined on Thursday after the company reported first-quarter 2026 earnings results.
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Earnings Snapshot
The energy firm reported quarterly revenue of $32.4 billion, surpassing the analyst consensus estimate of $30.7 billion.
Concurrently, adjusted earnings reached $4.22 per share, above the $3.16 per share expected by Wall Street.
Operating income came in at $1.73 billion versus a loss of $900 million a year ago quarter.
Valero ended the quarter with $5.7 billion of cash and cash equivalents and $8.4 billion of total debt.
Separately, on Jan. 22, the company increased its quarterly dividend on common stock from $1.13 to $1.20 per share.
Segment Performance
Operational results showed the Refining segment was the largest contributor to operating income at $1.8 billion. This is a substantial improvement from the operating loss of $530 …