Valero posted Q1 2026 adjusted EPS of $4.22, topping analysts' $3.16 forecast by $1.06.
Revenue rose 7% YoY to $32.38 bn, beating the $31.37 bn consensus estimate.
Refining operating income swung to $1.8 bn from a $530 m loss, with throughput of 2.9 m barrels per day.
Company returned $938 m to shareholders, raised dividend 6% to $1.20, and issued $850 m senior notes.