NYSE$VLO
Valero Energy Corp · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Valero reported Q1 2025 revenues of $30.3B with a net loss of $652M and diluted loss per share of $1.13.
Revenues were $30.3 billion for the quarter ended March 31, 2025, as refining margins compressed. The company posted a net loss of $652 million (diluted LPS $1.13) versus year-ago profit on weaker crack spreads and turnaround activity. Renewable diesel and export demand remain outlook focuses.
- Q1 revenues $30.3B; net loss $652M.
- Diluted LPS $1.13 on margin compression.
- Refining utilization and crack spreads drove the swing.
- Capital returns and balance-sheet flexibility support the cycle.
Headline financials
Revenue & EPS history
Valero · Revenue · Quarterly
$30.3B
Revenue by segment
Valero · $38.4B total across 3 segments · Q3 2023
- Refining$36.5B-13.6%95.1%
- Ethanol$1.12B-6.9%2.9%
- Renewable Diesel$759M-21.5%2.0%
Forward guidance
Energy and chemical companies tie outlook to crack spreads, demand, and cost actions.
Tailwinds
- Refining utilization and export demand can lift margins.
- Self-help cost reductions support breakeven at lower demand.
Headwinds
- Margin compression and turnaround timing weigh on near-term earnings.
- Industrial demand softness may persist through 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2025
+0.7%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+3.2%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+12.7%
Q4 2012
Best reaction
-6.1%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +0.9% | -2.5% | |
| Q4 2025 | -0.8% | +4.5% | +11.2% | |
| Q3 2025 | +7.0% | +4.6% | +7.2% | |
| Q2 2025 | -0.2% | +1.3% | +15.1% | |
| Q1 2025 | -0.9% | +0.9% | +12.3% | |
| Q4 2024 | -2.9% | +2.5% | -6.3% | |
| Q3 2024 | -0.4% | -3.8% | +6.0% | |
| Q2 2024 | +6.9% | +9.9% | -2.0% | |
| Q1 2024 | -0.7% | -4.3% | -2.7% | |
| Q4 2023 | +6.0% | +9.0% | +8.8% | |
| Q3 2023 | -2.6% | +0.1% | -1.5% | |
| Q2 2023 | +2.3% | +2.1% | +5.5% | |
| Q1 2023 | -1.7% | -5.0% | -2.4% | |
| Q4 2022 | -0.1% | -2.3% | -7.4% | |
| Q3 2022 | -1.9% | -2.5% | +7.7% | |
| Q2 2022 | -0.7% | +1.3% | +9.3% | |
| Q1 2022 | +8.6% | +10.5% | +27.0% | |
| Q4 2021 | +0.1% | +6.5% | +4.4% | |
| Q3 2021 | -0.1% | +1.0% | -14.8% | |
| Q2 2021 | -0.5% | +2.5% | -0.3% | |
| Q1 2021 | -0.2% | +2.2% | +9.8% | |
| Q4 2020 | -3.9% | -1.6% | +31.1% | |
| Q3 2020 | +3.5% | -5.6% | +25.4% | |
| Q2 2020 | -5.8% | -11.2% | -8.0% | |
| Q1 2020 | +9.5% | +10.0% | +15.2% | |
| Q4 2019 | -2.5% | -6.0% | -23.4% | |
| Q3 2019 | +5.8% | +7.4% | +3.9% | |
| Q2 2019 | -2.2% | -1.6% | -13.9% | |
| Q1 2019 | +2.7% | +3.3% | -13.1% | |
| Q4 2018 | +2.4% | +3.2% | -0.5% | |
| Q3 2018 | -1.0% | +3.9% | -11.1% | |
| Q2 2018 | +6.4% | +8.3% | +10.3% | |
| Q1 2018 | +1.0% | +1.9% | +9.2% | |
| Q4 2017 | -2.9% | -5.7% | -3.9% | |
| Q3 2017 | +0.1% | +1.6% | +5.9% | |
| Q2 2017 | -1.9% | +1.2% | -0.5% | |
| Q1 2017 | -2.9% | -3.3% | -5.4% | |
| Q4 2016 | -4.2% | -4.0% | -2.6% | |
| Q3 2016 | +6.0% | +4.3% | +15.2% | |
| Q2 2016 | +3.8% | +4.0% | +9.4% | |
| Q1 2016 | -6.1% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | +3.4% | — | — | |
| Q2 2015 | -0.7% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +2.7% | — | — | |
| Q3 2014 | -1.4% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q1 2014 | -1.4% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +5.0% | — | — | |
| Q2 2013 | -1.9% | — | — | |
| Q1 2013 | -5.9% | — | — | |
| Q4 2012 | +12.7% | — | — | |
| Q3 2012 | +0.2% | — | — | |
| Q2 2012 | +4.1% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2011 | -4.9% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q2 2011 | +5.1% | — | — | |
| Q1 2011 | -2.3% | — | — | |
| Q4 2007 | +5.1% | — | — | |
| Q4 2010 | +5.1% | — | — | |
| Q3 2010 | +5.2% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2009 | +1.9% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2008 | -2.4% | — | — | |
| Q3 2009 | -2.4% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q2 2008 | -0.9% | — | — | |
| Q4 2008 | -0.9% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro