Valero Energy Corp
Close on Nov 2, 2026Market cap $109.83BP/E 15.8Yield 1.18%
Valero Energy Refining margin per barrel of throughput by Quarter
Refining margin per barrel of throughput ($/bbl) ($)
Valero Energy Refining margin per barrel of throughput: $39.24 in Q3 2026, up 198.6% from a year earlier. That is the highest of the 40 quarters on record here.
Where the Q3 2026 figure comes from
“|| Refining margin per barrel of throughput | $ | 39.24 | $ | 13.14 | $ | 26.09 | $ | 11.82”
Source: Valero Energy Form 8-K, filed 2026-10-22 ↗
Refining segment unit economics per barrel of throughput and total dollar reconciliation ($M)
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
Breakdown
What makes up refining margin per barrel of throughput
- Operating expenses (excl. D&A) per barrel of throughput ($/bbl)5.03 · Q3 2026
- Depreciation and amortization per barrel of throughput ($/bbl)2.12 · Q3 2026
- Adjusted refining operating income per barrel of throughput ($/bbl)32.09 · Q3 2026
- Refining margin — Total ($M, Non-GAAP)10,730 · Q3 2026
- Refining operating expenses (excl. D&A) — Total ($M)1,376 · Q3 2026
- Refining depreciation and amortization — Total ($M)580 · Q3 2026
- Refining operating income (loss) — GAAP ($M)8,782 · Q3 2026
- Adjusted refining operating income (loss) — Non-GAAP ($M)8,774 · Q3 2026
Cite this data
StockData. (2026). Valero Energy Refining margin per barrel of throughput ($), quarterly Q4 2016–Q3 2026 [Data set]. Compiled from Valero Energy SEC filings and investor materials. https://stockdatahq.com/stocks/vlo/kpis/er-refining-margin-per-bbl
See every metric in the Valero Energy KPI table. Data updated Oct 27, 2026.