Valero Energy

htm EX-99.01 THIRD QUARTER 2025 EARNINGS RELEASE Document Exhibit 99.01 Valero Energy Reports Third Quarter 2025 Results Reported net income attributable to Valero stockholders of $1.1 billion, or $3.53 per share Reported adjusted net income attributable to Valero stockholders of $1.1 billion, or $3.66 per share Returned $1.3 billion to stockholders through dividends and stock buybacks The St.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Valero returned $1.3 billion to stockholders in the third quarter of 2025, of which $351 million was paid as dividends and $931 million was for the purchase of approximately 5.7 million shares of common stock, resulting in a payout ratio of 78 percent of adjusted net cash provided by operating activities.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Valero has returned over $2.6 billion year-to-date through dividends and stock buybacks.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

2 Liquidity and Financial Position Valero ended the third quarter of 2025 with $8.4 billion of total debt, $2.2 billion of total finance lease obligations, and $4.8 billion of cash and cash equivalents.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The debt to capitalization ratio, net of cash and cash equivalents, was 18 percent as of September 30, 2025.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

We also exclude the capital expenditures of other VIEs that we consolidate because we do not operate those VIEs.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Strategic Update Valero continues to make progress on the FCC Unit optimization project at the St.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

ET today to discuss this earnings release and to provide an update on operations and strategy.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Forward-looking statements in this release and the accompanying earnings release tables include, and those made on the conference call may include, statements relating to Valero s low-carbon fuels strategy, expected timing, cost and performance of projects, our plans, actions, assets and operations in California and expected timing and cost of obligations and other financial statement impacts, future market and industry conditions, future operating and financial performance, future production and manufacturing ability and size, and management of future risks, among other matters.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

These factors also include, but are not limited to, the uncertainties that remain with respect to current or contemplated legal, political or regulatory developments that are adverse to or restrict refining and marketing operations, or that impose taxes or penalties on profits, windfalls, or margins above a certain level, tariffs and their effects on trading relationships, global geopolitical and other conflicts and tensions, the impact of inflation on margins and costs, economic activity levels, and the adverse effects the foregoing may have on Valero s business plan, strategy, operations and financial performance.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

In addition, we considered strategic alternatives for our remaining operations in California.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

These factors also include, but are not limited to, the uncertainties that remain with respect to current or contemplated legal, political or regulatory developments that are adverse to or restrict refining and marketing operations, or that impose taxes or penalties on profits, windfalls, or margins above a certain level, tariffs and their effects on trading relationships, global geopolitical and other conflicts and tensions, the impact of inflation on margins and costs, economic activity levels, and the adverse effects the foregoing may have on Valero s business plan, strategy, operations and financial performance.

SEC original ↗Valero Energy — Earnings release (8-K exhibit)EX-99Oct 23, 2025

LEGAL PROCEEDINGS 66 ITEM 1A.

SEC original ↗Valero Energy — 10-Q Quarterly report10-QOct 28, 2026

Uncertainties remain with respect to the ultimate outcomes from this incident and the resulting impact on our financial position, results of operations, and cash flows.

SEC original ↗Valero Energy — 10-Q Quarterly report10-QOct 28, 2026

As a result of this incident, we have received a number of lawsuits, including a proposed class action lawsuit, alleging personal injury, property damage, and nuisance in the adjacent community.

SEC original ↗Valero Energy — 10-Q Quarterly report10-QOct 28, 2026

federal government under the current administration implemented new or revised tariffs that negatively impacted our business, particularly our Renewable Diesel segment, during 2025 and 2026, including those implemented pursuant to the International Emergency Economic Powers Act (IEEPA).

SEC original ↗Valero Energy — 10-Q Quarterly report10-QOct 28, 2026

Supreme Court ruled that tariffs imposed under IEEPA were invalid.

SEC original ↗Valero Energy — 10-Q Quarterly report10-QOct 28, 2026