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Tables in the 10-Q of VALERO ENERGY CORP/TX

52 tables with numbers, filed Apr 30, 2026. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

	Page
PART I – FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025	1
Consolidated Statements of Income for the Three Months Ended March 31, 2026 and 2025	2
Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025	3
Consolidated Statements of Equity for the Three Months Ended March 31, 2026 and 2025	4
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025	5

	March 31, 2026	December 31, 2025
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$5,733		$4,688
Receivables, net	13,410		9,877
Inventories	7,556		7,591
Prepaid expenses and other	1,126		1,054

	Three Months Ended March 31,
		2026	2025
Revenues (a)		$32,381		$30,258
Cost of sales:
Cost of materials and other		26,185		26,048
Taxes other than income taxes		1,721		1,500
Operating expenses (excluding depreciation and amortizationexpense reflected below)		1,595		1,523
Depreciation and amortization expense		828		680

	Valero Energy Corporation Stockholders’ Equity
	Common Stock	Additional Paid-in Capital		Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss		Total	Non- controlling Interests	Total Equity
Balance as of December 31, 2025	$7		$6,981		$(30,753)		$47,959		$(469)		$23,725	$2,880	$26,605
Net income	—		—		—		1,263		—		1,263	59	1,322
Dividends on common stock($1.20 per share)	—		—		—		(359)		—		(359)	—	(359)
Stock-based compensation expense	—		48		—		—		—		48	—	48
Transactions in connectionwith stock-basedcompensation plans	—		(27)		27		—		—		—	—	—
Purchases of common stock fortreasury	—		—		(564)		—		—		(564)	—	(564)

	March 31, 2026	December 31, 2025
Refinery feedstocks	$1,629		$1,880
Refined petroleum products and blendstocks	4,317		4,182
Renewable diesel feedstocks and products	867		809
Ethanol feedstocks and products	335		314
Materials and supplies	408		406
Inventories	$7,556		$7,591

				March 31, 2026
	Facility Amount	Maturity Date		Outstanding Borrowings		Letters of Credit Issued (a)	Availability
Committed facilities:
Valero Revolver	$4,000		October 2030		$—		$2		$3,998
Accounts receivable salesfacility	1,300		July 2026		—		n/a	1,300
Committed facilities of VIEs (b):
DGD Revolver (c)	400		February 2029		100		39		261
DGD Loan Agreement (d)	100		June 2029		—		n/a	100

Program Name	Authorization Date	Total Cost Authorized	RemainingAvailable forPurchase as ofMarch 31, 2026
September 2024 Program	September 19, 2024	$2,500		$1,206
February 2026 Program	February 25, 2026	2,500		2,500

	DGD	Central Mexico Terminals		Other	Total
March 31, 2026
Assets
Cash and cash equivalents	$162		$2		$31	$195
Other current assets	1,496		20		86	1,602
Property, plant, and equipment, net	3,593		614		61	4,268
Liabilities
Current liabilities, including current portion ofdebt and finance lease obligations	$341		$36		$2	$379

	Pension Plans	Other Postretirement Benefit Plans
	2026	2025		2026	2025
Three months ended March 31
Service cost	$27		$27		$1	$1
Interest cost	32		34		3	3
Expected return on plan assets	(58)		(55)		—	—
Amortization of:
Net actuarial gain	(2)		(2)		(2)	(2)

	March 31, 2026	December 31, 2025
Receivables from contracts with customers,included in receivables, net	$8,610		$6,233
Contract liabilities, included in accrued expenses	61		60

	Three Months Ended March 31,
		2026	2025
Net income (loss)		$1,322		$(652)
Other comprehensive income (loss):
Foreign currency translation adjustment		(194)		162
Net gain (loss) on pension and other postretirementbenefits		(4)		1
Net gain (loss) on cash flow hedges		(129)		3
Other comprehensive income (loss) beforeincome tax expense (benefit)		(327)		166

	Three Months Ended March 31,
	2026	2025
Cash flows from operating activities:
Net income (loss)	$1,322		$(652)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	840		691
Asset impairment loss	—		1,131
Deferred income tax benefit	(397)		(324)

	Three Months Ended March 31,
	2026	2025
	Foreign Currency Translation Adjustment	Defined Benefit Plans Items		Gains (Losses) on Cash Flow Hedges	Total	Foreign Currency Translation Adjustment		Defined Benefit Plans Items	Gains (Losses) on Cash Flow Hedges	Total
Balance as of beginningof period	$(602)		$130		$3		$(469)		$(1,264)		$(2)	$(6)	$(1,272)
Other comprehensiveincome (loss) beforereclassifications	(190)		—		(74)		(264)		162		—	(1)	161
Amounts reclassifiedfrom accumulatedother comprehensiveloss	—		(1)		24		23		—		(2)	2	—
Effect of exchange rates	—		(2)		—		(2)		—		2	—	2
Other comprehensiveincome (loss)	(190)		(3)		(50)		(243)		162		—	1	163

	Three Months Ended March 31,
		2026	2025
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders		$1,263		$(595)
Less: Income allocated to participating securities		4		1
Net income (loss) available to common stockholders		$1,259		$(596)
Weighted-average common shares outstanding		298		314
Earnings (loss) per common share		$4.22		$(1.90)

	Refining	Renewable Diesel		Ethanol	Total
Three months ended March 31, 2026
Revenues:
Revenues from external customers	$30,805		$711		$865	$32,381
Intersegment revenues	2		703		302	1,007
	30,807		1,414		1,167	33,388
Reconciliation of revenues by segmentto consolidated revenues
Elimination of intersegment revenues					(1,007)

	March 31, 2026	December 31, 2025
Total assets for reportable segments	$54,709		$51,316
Corporate assets	7,807		6,938
Elimination of intercompany receivables and other assets	(374)		(266)
Total consolidated assets	$62,142		$57,988

	March 31, 2026
		Total Gross Fair Value		Effect of Counter- party Netting	Effect of Cash Collateral Netting	Net Carrying Value on Balance Sheet		Cash Collateral Paid or Received Not Offset
	Fair Value Hierarchy
	Level 1	Level 2		Level 3
Assets
Commodity derivativecontracts	$5,199		$—		$—		$5,199		$(5,100)		$—		$99		$—
Physical purchasecontracts	—		2		—		2		n/a	n/a		2		n/a
Clean fuel productioncredits	—		—		140		140		n/a	n/a		140		n/a

	Notional Contract Volumes by Year of Maturity
	2026
Derivatives designated as cash flow hedges:
Refined petroleum products:
Futures – short	2,071
Derivatives designated as economic hedges:
Crude oil and refined petroleum products:
Futures – long	180,088

	Balance Sheet Location		March 31, 2026		December 31, 2025
		Asset Derivatives		Liability Derivatives		Asset Derivatives	Liability Derivatives
Derivatives designatedas hedging instruments:
Commodity contracts	Receivables, net		$193			$363		$31	$7
Derivatives not designatedas hedging instruments:
Commodity contracts	Receivables, net		$5,006			$5,081		$459	$446
Physical purchase contracts	Inventories		2			7		1	4
Foreign currency contracts	Receivables, net		10			—		—	—

Derivatives in Cash Flow Hedging Relationships	Location of LossRecognized in Incomeon Derivatives			Three Months Ended March 31,
		2026	2025
Commodity contracts:
Loss recognized inother comprehensiveincome (loss)	n/a				$(190)	$(4)
Loss reclassifiedfrom accumulatedother comprehensiveloss into income	Revenues				(61)	(7)

Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss)Recognized in Incomeon Derivatives			Three Months Ended March 31,
		2026	2025
Commodity contracts	Revenues				$(168)	$—
Commodity contracts	Cost of materials and other				174	(18)
Foreign currency contracts	Cost of materials and other				17	(4)

	Three Months Ended March 31, 2025
	Refining	Renewable Diesel		Ethanol	Corporate and Other	Total
Revenues:
Revenues from external customers	$28,757		$493		$1,008		$—	$30,258
Intersegment revenues	2		407		217		(626)	—
Total revenues	28,759		900		1,225		(626)	30,258
Cost of sales:
Cost of materials and other	24,769		895		1,032		(648)	26,048

Available capacity from our committed facilities (a):
Valero Revolver	$3,998
Accounts receivable sales facility	1,300
Total available capacity	5,298
Cash and cash equivalents (b)	5,538
Total liquidity	$10,836

	March 31, 2026 (a)
	Expected Maturity Dates
	Remainderof 2026	2027		2028		2029	2030		There- after		Total	Fair Value
Fixed rate	$672	$564		$1,047		$439	$850		$5,586		$9,158	$8,941
Average interest rate	4.2%		2.2%			4.4%		4.0%			6.0%		5.4%		5.0%
Floating rate	$110	$—			$—		$—			$—		$—		$110		$110
Average interest rate	6.3%		—%			—%		—%			—%		—%		6.3%
	December 31, 2025 (a)

Tables in the 10-Q of VALERO ENERGY CORP/TX

Table 1 after “TABLE OF CONTENTS”

Table 2 after “(millions of dollars, except par value)”

Table 3 after “(unaudited)”

Table 4 after “(unaudited)”

Table 5 after “(unaudited)”

Table 6 after “(unaudited)”

Table 7 after “Inventories consisted of the following (in millions):”

Table 8 after “We had outstanding borrowings, letters of credit issued, and availability under our credit facilities as follows (in millions):”

Table 9 after “Activity under our credit facilities was as follows (in millions):”

Table 10 after ““Interest and debt expense, net of capitalized interest” was comprised as follows (in millions):”

Table 11 after “Our Board authorized us to purchase shares of our outstanding common stock under various programs with no expiration dates as follows (in mi”

Table 12 after “Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):”

Table 13 after “The following tables present summarized balance sheet information for the significant assets and liabilities of the consolidated VIEs, which”

Table 14 after “CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)”

Table 15 after “The components of net periodic benefit cost related to our defined benefit plans were as follows (in millions):”

Table 16 after “Earnings (loss) per common share was computed as follows (dollars and shares in millions, except per share amounts):”

Table 17 after “Contract balances were as follows (in millions):”

Table 18 after “The following tables reflect information about our reportable segments and include the reconciliation to our consolidated income (loss) befo”

Table 19 after “CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)”

Table 20 after “Total assets for reportable segments reconciled to our consolidated assets were as follows (in millions):”

Table 21 after “Expenditures for long-lived assets for reportable segments reconciled to our consolidated expenditures for long-lived assets were as follows”

Table 22 after “The following table provides a disaggregation of revenues from external customers for our principal products by reportable segment (in milli”

Table 23 after “In order to determine net cash provided by operating activities, net income (loss) is adjusted by, among other things, changes in current as”

Table 24 after “Cash flows related to interest and income taxes were as follows (in millions):”

Table 25 after “Supplemental cash flow information related to our operating and finance leases was as follows (in millions):”

Table 26 after “We have elected to offset the fair value amounts recognized for multiple similar derivative contracts executed with the same counterparty, i”

Table 27 after “CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)”

Table 28 after “The estimated fair values of cash and cash equivalents, restricted cash, receivables, payables, and operating and finance lease obligations ”

Table 29 after “As of March 31, 2026, we had the following outstanding commodity derivative instruments that were used as cash flow hedges and economic hedg”

Table 30 after “As indicated in Note 12, we net fair value amounts recognized for multiple similar derivative contracts executed with the same counterparty ”

Table 31 after “The following table provides information about the loss recognized in income and other comprehensive income (loss) due to fair value adjustm”

Table 32 after “The following table provides information about the gain (loss) recognized in income on our derivative instruments with respect to our econom”

Table 33 after “.”

Table 34 after “(millions of dollars)”

Table 35 after “(millions of dollars)”

Table 36 after “Average Market Reference Prices and Differentials”

Table 37 after “Average Market Reference Prices and Differentials (continued)”

Table 38 after “The following table includes selected financial data for the total company, corporate, and other for the first quarter of 2026 and 2025. The”

Table 39 after “The following table includes selected financial and operating data of our Refining segment for the first quarter of 2026 and 2025. The selec”

Table 40 after “The following table includes selected financial and operating data of our Renewable Diesel segment for the first quarter of 2026 and 2025. T”

Table 41 after “unless otherwise noted.”

Table 42 after “is defined as Refining segment operating income (loss) excluding operating expenses (excluding depreciation and amortization expense), depre”

Table 43 after “is defined as Renewable Diesel segment operating income (loss) excluding operating expenses (excluding depreciation and amortization expense”

Table 44 after “is defined as Ethanol segment operating income excluding operating expenses (excluding depreciation and amortization expense) and depreciati”

Table 45 after “is defined as Refining segment operating income (loss) excluding the asset impairment loss and other operating expenses, as reflected in the”

Table 46 after “is defined as total company operating income (loss) excluding the asset impairment loss and other operating expenses, as reflected in the ta”

Table 47 after “Our liquidity consisted of the following as of March 31, 2026 (in millions):”

Table 48 after “Components of our cash flows are set forth below (in millions):”

Table 49 after “The following table (in millions) reconciles our capital investments to capital investments attributable to Valero for the three months ende”

Table 50 after “The following tables provide information about our debt instruments (dollars in millions), the fair values of which are sensitive to changes”

Table 51 after “The following table discloses purchases of shares of our common stock made by us or on our behalf during the first quarter of 2026.”

Table 52 after “ITEM 6. EXHIBITS”

Period	Total Number of Shares Purchased (a)	Average Price Paid per Share (b)		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (c)
January 2026	111,390		$191.83		—	$1.7 billion
February 2026	45,258		$198.24		—	$4.2 billion
March 2026	2,170,375		$243.28		2,168,555	$3.7 billion
Total	2,327,023		$239.94		2,168,555	$3.7 billion

ExhibitNo.	Description
22.01	Subsidiary Issuer of Guaranteed Securities–incorporated by reference to Exhibit 22.01 to Valero’s quarterly report on Form 10-Q for the quarter ended June 30, 2025 (SEC File No. 001-13175).
*31.01	Rule 13a-14(a) Certification (under Section 302 of the Sarbanes-Oxley Act of 2002) of principal executive officer.
*31.02	Rule 13a-14(a) Certification (under Section 302 of the Sarbanes-Oxley Act of 2002) of principal financial officer.
**32.01	Section 1350 Certifications (under Section 906 of the Sarbanes-Oxley Act of 2002).
***101.INS	Inline XBRL Instance Document–the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
***101.SCH	Inline XBRL Taxonomy Extension Schema Document.
***101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document.