Revenue: As of FY2025, the actual value is USD 122.69 B.EPS: As of FY2025, the actual value is USD 7.57, beating the estimate of USD 6.982.EBIT: As of FY2025, the actual value is USD 3.561 B.<h4>Valero Energy Corporation (瓦莱罗能源) - Total Company Overview</h4><ul><li>Net Income Attributable to Valero Energy Corporation Stockholders: $2,348 million for 2025, a decrease of $422 million from $2,770 million for 2024. </li><li>Operating Income: $3,181 million for 2025, a decrease of $574 million from $3,755 million for 2024. </li><li>Adjusted Operating Income: $4,414 million for 2025, an increase of $615 million from $3,799 million for 2024. </li><li>Revenues from external customers: $122,687 million for 2025, a decrease of $7,194 million from $129,881 million for 2024. </li><li>Cost of Sales: $117,255 million for 2025, a decrease of $7,821 million from $125,076 million for 2024. </li><li>Asset Impairment Loss: $1,131 million for 2025, compared to $0 million for 2024. </li><li>Other Income, net: $380 million for 2025, a decrease of $119 million from $499 million for 2024. </li><li>Net Income (Loss) Attributable to Noncontrolling Interests: - $102 million for 2025, a decrease of $338 million from $236 million for 2024. </li></ul><h4>Refining Segment</h4><ul><li>Operating Income: $4,040 million for 2025, an increase of $69 million from $3,971 million for 2024. </li><li>Adjusted Operating Income: $5,273 million for 2025, an increase of $1,285 million from $3,988 million for 2024. </li><li>Refining Margin: $13,403 million for 2025, an increase of $2,078 million from $11,325 million for 2024. </li><li>Operating Expenses (excluding depreciation and amortization expense): $5,426 million for 2025, an increase of $480 million from $4,946 million for 2024. </li><li>Adjusted Operating Expenses (excluding depreciation and amortization expense): $5,376 million for 2025, an increase of $430 million from $4,946 million for 2024. </li><li>Depreciation and Amortization Expense: $2,754 million for 2025, an increase of $363 million from $2,391 million for 2024. </li><li>Asset Impairment Loss: $1,131 million for 2025. </li><li>Throughput Volumes: 2,988 thousand BPD for 2025, an increase of 76 thousand BPD from 2,912 thousand BPD for 2024. </li><li>Revenues from external customers: $116,158 million for 2025, compared to $123,853 million for 2024. </li><li>Intersegment revenues: $8 million for 2025, compared to $10 million for 2024. </li><li>Total revenues: $116,166 million for 2025, compared to $123,863 million for 2024. </li><li>Cost of materials and other: $96,080 million for 2025, compared to $106,638 million for 2024. </li><li>Taxes other than income taxes: $6,720 million for 2025, compared to $5,900 million for 2024. </li><li>LIFO liquidation adjustment: $37 million for 2025. </li><li>Employee retention and separation costs: $50 million for 2025. </li></ul><h4>Renewable Diesel Segment</h4><ul><li>Operating Income (Loss): - $156 million for 2025, a decrease of $663 million from $507 million for 2024. </li><li>Renewable Diesel Margin: $419 million for 2025, a decrease of $703 million from $1,122 million for 2024. </li><li>Operating Expenses (excluding depreciation and amortization expense): $308 million for 2025, a decrease of $42 million from $350 million for 2024. </li><li>Depreciation and Amortization Expense: $267 million for 2025, an increase of $2 million from $265 million for 2024. </li><li>Sales Volumes: 2,748 thousand gallons per day for 2025, a decrease of 782 thousand gallons per day from 3,530 thousand gallons per day for 2024. </li><li>Revenues from external customers: $2,508 million for 2025, compared to $2,410 million for 2024. </li><li>Intersegment revenues: $2,089 million for 2025, compared to $2,656 million for 2024. </li><li>Total revenues: $4,597 million for 2025, compared to $5,066 million for 2024. </li><li>Cost of materials and other: $4,178 million for 2025, compared to $3,944 million for 2024. </li></ul><h4>Ethanol Segment</h4><ul><li>Operating Income: $374 million for 2025, an increase of $86 million from $288 million for 2024. </li><li>Adjusted Operating Income: $374 million for 2025, an increase of $59 million from $315 million for 2024. </li><li>Ethanol Margin: $1,064 million for 2025, an increase of $136 million from $928 million for 2024. </li><li>Operating Expenses (excluding depreciation and amortization expense): $611 million for 2025, an increase of $75 million from $536 million for 2024. </li><li>Depreciation and Amortization Expense: $79 million for 2025, an increase of $2 million from $77 million for 2024. </li><li>Production Volumes: 4,611 thousand gallons per day for 2025, an increase of 73 thousand gallons per day from 4,538 thousand gallons per day for 2024. </li><li>Revenues from external customers: $4,021 million for 2025, compared to $3,618 million for 2024. </li><li>Intersegment revenues: $956 million for 2025, compared to $868 million for 2024. </li><li>Total revenues: $4,977 million for 2025, compared to $4,486 million for 2024. </li><li>Cost of materials and other: $3,913 million for 2025, compared to $3,558 million for 2024. </li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $5,826 million for 2025, compared to $6,683 million for 2024. </li><li>Net Cash Used in Investing Activities: - $1,845 million for 2025, compared to - $1,981 million for 2024. </li><li>Net Cash Used in Financing Activities: - $4,182 million for 2025, compared to - $5,049 million for 2024. </li><li>Capital Investments Attributable to Valero Energy Corporation: $1,797 million for 2025, compared to $1,888 million for 2024. </li><li>Total Capital Investments: $1,888 million for 2025, compared to $2,057 million for 2024. </li></ul><h4>Outlook / Guidance</h4>Valero Energy Corporation (瓦莱罗能源) expects strong global demand for petroleum-based transportation fuels, particularly jet fuel, to continue, supported by sustained utilization of global refining capacity due to reductions and unplanned outages. Crude oil differentials are anticipated to widen, though potential sanction adjustments and ongoing conflicts could introduce volatility. Renewable diesel demand is projected to remain consistent, while ethanol demand is expected to follow typical seasonal patterns.

Valero Energy Corp New | 10-K: FY2025 Revenue: USD 122.69 B