Valero Energy (VLO) balance sheet
NYSE · Energy · Oil & Gas Refining & Marketing · 9,785 employees · CEO R. Lane Riggs
- Price
- $399.66 +3.92%
- Market cap
- $111B
- Enterprise value
- $113B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-04 EPS est. $19.40
At the end of Q3 '26 Valero Energy (VLO) held $9.84B in cash and short-term investments against $11B of debt incl. leases. Total assets $68B, total liabilities $36.9B, shareholders' equity $28B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $5.42B | $4.92B | $5.25B | $5.18B | $4.66B | $4.63B | $4.54B | $4.76B | $4.69B | $5.73B | $7.87B | $9.84B | |
| Receivables | $12.5B | $12.2B | $13.1B | $11.1B | $10.7B | $11.2B | $11.1B | $10.3B | $9.88B | $13.4B | $13.9B | $14.7B | |
| Inventory | $7.58B | $7.91B | $8.03B | $7.05B | $7.76B | $7.12B | $7.54B | $7.39B | $7.59B | $7.56B | $7.63B | $7.61B | |
| Other current assets | $689M | $695M | $696M | $671M | $611M | $599M | $656M | $1.01B | $1.05B | $0 | $1.24B | $1.36B | |
| Current assets | $26.2B | $25.7B | $27.1B | $24B | $23.7B | $23.6B | $23.8B | $23.5B | $23.2B | $27.8B | $30.7B | $33.6B | |
| Property, plant & equipment (net) | $31.3B | $30.1B | $29.8B | $29.7B | $30.4B | $28.5B | $28.2B | $27.7B | $28.7B | $27.1B | $28B | $26.9B | |
| Long-term investments | $713M | $0 | $0 | $0 | $695M | $0 | $0 | $0 | $684M | $0 | $0 | $0 | |
| Goodwill | $260M | $0 | $0 | $0 | $260M | $0 | $0 | $0 | $260M | $0 | $0 | $0 | |
| Intangible assets | $183M | $0 | $0 | $0 | $151M | $0 | $0 | $0 | $123M | $0 | $0 | $0 | |
| Other non-current assets | $4.33B | $6.83B | $6.73B | $6.73B | $4.89B | $7.04B | $7.39B | $7.37B | $5.02B | $7.2B | $5.99B | $7.46B | |
| Non-current assets | $36.8B | $36.9B | $36.5B | $36.4B | $36.4B | $35.6B | $35.6B | $35.1B | $34.8B | $34.3B | $34B | $34.4B | |
| Total assets | $63.1B | $62.6B | $63.6B | $60.4B | $60.1B | $59.2B | $59.4B | $58.6B | $58B | $62.1B | $64.7B | $68B | |
| Liabilities | |||||||||||||
| Accounts payable | $12.6B | $12.5B | $14.6B | $11.5B | $12.1B | $12B | $11.5B | $10.7B | $10.1B | $13.4B | $14B | $13.8B | |
| Accrued expenses | $762M | $1.1B | $1.07B | $1.19B | $552M | $1.15B | $1.29B | $1.44B | $843M | $0 | $1.2B | $1.44B | |
| Short-term debt | $1.41B | $853M | $995M | $1.02B | $743M | $542M | $382M | $894M | $949M | $1.03B | $927M | $989M | |
| Taxes payable | $1.59B | $1.74B | $1.69B | $1.58B | $1.53B | $1.47B | $1.51B | $0 | $0 | $0 | $0 | $1.58B | |
| Deferred revenue | $40M | $0 | $0 | $0 | $82M | $0 | $0 | $0 | $60M | $61M | $0 | $0 | |
| Other current liabilities | $78M | $0 | $0 | $0 | $118M | $0 | $0 | $0 | $81M | $2.68B | $2.62B | $3.25B | |
| Current liabilities | $16.8B | $16.1B | $18.3B | $15.3B | $15.5B | $15.1B | $14.7B | $14.7B | $14.1B | $17.7B | $18.7B | $19.5B | |
| Long-term debt | $10.1B | $10B | $9.75B | $9.79B | $9.72B | $10.3B | $10.3B | $9.69B | $9.67B | $10.5B | $10.4B | $10B | |
| Lease obligations (non-current) | $753M | $0 | $0 | $0 | $699M | $0 | $0 | $0 | $665M | $0 | $0 | $0 | |
| Deferred tax liabilities | $5.35B | $5.26B | $5.22B | $5.26B | $5.27B | $4.95B | $5.05B | $5.02B | $5.15B | $4.73B | $4.89B | $4.63B | |
| Other non-current liabilities | $1.51B | $2.3B | $2.08B | $2.03B | $1.44B | $2.46B | $2.5B | $2.43B | $1.79B | $2.37B | $2.35B | $2.76B | |
| Non-current liabilities | $17.7B | $17.6B | $17B | $17.1B | $17.1B | $17.7B | $17.8B | $17.1B | $17.3B | $17.6B | $17.7B | $17.4B | |
| Total liabilities | $34.5B | $33.8B | $35.4B | $32.4B | $32.6B | $32.9B | $32.5B | $31.9B | $31.4B | $35.2B | $36.4B | $36.9B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | |
| Retained earnings | $45.6B | $46.5B | $47.1B | $47.1B | $47B | $46.1B | $46.4B | $47.2B | $48B | $48.9B | $50B | $58.7B | |
| Accumulated other comprehensive income | -$870M | -$1.06B | -$1.17B | -$830M | -$1.27B | -$1.11B | -$553M | -$708M | -$469M | -$712M | -$673M | -$797M | |
| Shareholders' equity | $26.3B | $26.1B | $25.4B | $25.3B | $24.5B | $23.5B | $24.1B | $23.8B | $23.7B | $23.9B | $25B | $28B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $12.6B | $10.9B | $10.7B | $10.8B | $11.5B | $10.9B | $10.6B | $10.6B | $11.7B | $11.5B | $11.3B | $11B | |
| Net debt (debt - cash) | $7.21B | $5.98B | $5.5B | $5.62B | $6.88B | $6.22B | $6.11B | $5.82B | $7.02B | $5.76B | $3.48B | $1.16B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $4.82B | $5.85B | $2.98B | $2.58B | $3.31B | $4.12B | $4.86B | $5.42B | $4.66B | $4.69B | |
| Receivables | $5.9B | $6.92B | $7.35B | $8.9B | $6.11B | $10.4B | $11.9B | $12.5B | $10.7B | $9.88B | |
| Inventory | $5.71B | $6.38B | $6.53B | $7.01B | $6.04B | $6.27B | $6.75B | $7.58B | $7.76B | $7.59B | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $600M | $689M | $611M | $1.05B | |
| Current assets | $16.8B | $19.3B | $17.7B | $19B | $15.8B | $21.2B | $24.1B | $26.2B | $23.7B | $23.2B | |
| Property, plant & equipment (net) | $26.5B | $27.5B | $28.8B | $30.6B | $31.6B | $32.1B | $32.1B | $31.3B | $30.4B | $28.7B | |
| Long-term investments | $201M | $530M | $542M | $942M | $972M | $734M | $724M | $713M | $695M | $684M | |
| Goodwill | $0 | $0 | $260M | $260M | $260M | $260M | $260M | $260M | $260M | $260M | |
| Intangible assets | $148M | $142M | $307M | $283M | $248M | $218M | $202M | $183M | $151M | $123M | |
| Other non-current assets | $2.55B | $2.69B | $2.52B | $2.82B | $2.86B | $3.38B | $3.57B | $4.33B | $4.89B | $5.02B | |
| Non-current assets | $29.4B | $30.8B | $32.5B | $34.9B | $35.9B | $36.7B | $36.8B | $36.8B | $36.4B | $34.8B | |
| Total assets | $46.2B | $50.2B | $50.2B | $53.9B | $51.8B | $57.9B | $61B | $63.1B | $60.1B | $58B | |
| Liabilities | |||||||||||
| Accounts payable | $6.36B | $8.35B | $8.59B | $10.2B | $6.08B | $12.5B | $12.7B | $12.6B | $12.1B | $10.1B | |
| Accrued expenses | $419M | $497M | $493M | $468M | $550M | $784M | $719M | $762M | $552M | $843M | |
| Short-term debt | $115M | $122M | $238M | $494M | $723M | $1.26B | $1.11B | $1.41B | $743M | $949M | |
| Taxes payable | $1.16B | $1.89B | $1.26B | $1.51B | $1.48B | $1.84B | $2.41B | $1.59B | $1.53B | $0 | |
| Deferred revenue | $0 | $0 | $31M | $55M | $55M | $78M | $129M | $40M | $82M | $60M | |
| Other current liabilities | $275M | $215M | $106M | $95M | $104M | $76M | $56M | $78M | $118M | $81M | |
| Current liabilities | $8.33B | $11.1B | $10.7B | $13.2B | $9.28B | $16.9B | $17.5B | $16.8B | $15.5B | $14.1B | |
| Long-term debt | $7.89B | $8.75B | $8.87B | $9.18B | $14B | $12.6B | $10.5B | $10.1B | $9.72B | $9.67B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $959M | $885M | $940M | $776M | $753M | $699M | $665M | |
| Deferred tax liabilities | $7.36B | $4.71B | $4.96B | $5.1B | $5.28B | $5.21B | $5.22B | $5.35B | $5.27B | $5.15B | |
| Other non-current liabilities | $1.74B | $2.73B | $2.87B | $2.93B | $2.74B | $2.46B | $1.53B | $1.51B | $1.44B | $1.79B | |
| Non-current liabilities | $17B | $16.2B | $16.7B | $18.2B | $22.8B | $21.2B | $18.1B | $17.7B | $17.1B | $17.3B | |
| Total liabilities | $25.3B | $27.3B | $27.4B | $31.3B | $32.1B | $38.1B | $35.5B | $34.5B | $32.6B | $31.4B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | |
| Retained earnings | $26.4B | $29.2B | $31B | $32B | $29B | $28.3B | $38.2B | $45.6B | $47B | $48B | |
| Accumulated other comprehensive income | -$1.41B | -$940M | -$1.51B | -$1.35B | -$1.25B | -$1.01B | -$1.36B | -$870M | -$1.27B | -$469M | |
| Shareholders' equity | $20B | $22B | $21.7B | $21.8B | $18.8B | $18.4B | $23.6B | $26.3B | $24.5B | $23.7B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $8B | $8.87B | $9.11B | $11B | $15.8B | $15.1B | $12.7B | $12.6B | $11.5B | $11.7B | |
| Net debt (debt - cash) | $3.19B | $3.02B | $6.13B | $8.38B | $12.5B | $11B | $7.86B | $7.21B | $6.88B | $7.02B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01