Free · no account · quoted from the filing

What changed in VLO's 10-Q

Source: 10-Q filed 2026-04-30 · compared against 10-Q 2025-10-23. Every passage below is quoted verbatim from the filing itself.

Profitability

This filing

net income attributable to Valero stockholders of $1.3 billion compared to a net loss of $595 million for the first quarter of 2025

California Operations (Benicia)

This filing

full idling of all processing units was completed in April 2026

Debt Issuance

This filing

we issued $850 million of 5.150 percent Senior Notes due March 10, 2036 during the first quarter of 2026

Operational Incident

This filing

our Port Arthur Refinery experienced a fire in one of its distillate hydrotreater units, which prompted a full shut-down of the refinery

Liquidity

This filing

We had $10.8 billion in liquidity as of March 31, 2026

Risk Factors

This filing

other factors generally described in the 'RISK FACTORS' section included in our annual report on Form 10-K for the year ended December 31, 2025

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.