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瓦莱罗能源Valero Energy(VLO)2025年第四季度及全年业绩报告「NYSE」(英文版)(26页).pdf

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1、 Page 1 of 6 Valero Energy Reports 2025 Fourth Quarter and Full Year Results Reported net income attributable to Valero stockholders of$1.1 billion,or$3.73 per share,for the fourth quarter and$2.3 billion,or$7.57 per share,for the year Reported adjusted net income attributable to Valero stockholders

2、 of$1.2 billion,or$3.82 per share,for the fourth quarter and$3.3 billion,or$10.61 per share,for the year Stockholder cash returns totaled$1.4 billion in the fourth quarter and$4.0 billion in the year Increased quarterly cash dividend on common stock by 6 percent to$1.20 per share on January 22,2026

3、The St.Charles FCC Unit optimization project is still expected to begin operations in the second half of 2026 SAN ANTONIO,January 29,2026 Valero Energy Corporation(NYSE:VLO,“Valero”)today reported net income attributable to Valero stockholders of$1.1 billion,or$3.73 per share,for the fourth quarter

4、of 2025,compared to net income of$281 million,or$0.88 per share,for the fourth quarter of 2024.Excluding the adjustments shown in the accompanying earnings release tables,adjusted net income attributable to Valero stockholders was$1.2 billion,or$3.82 per share,for the fourth quarter of 2025,compared

5、 to$207 million,or$0.64 per share,for the fourth quarter of 2024.For 2025,net income attributable to Valero stockholders was$2.3 billion,or$7.57 per share,compared to$2.8 billion,or$8.58 per share,in 2024.Excluding the adjustments shown in the accompanying earnings release tables,adjusted net income

6、 attributable to Valero stockholders was$3.3 billion,or$10.61 per share,in 2025,compared to$2.7 billion,or$8.48 per share,in 2024.“2025 was our best year for mechanical availability,personnel safety,and environmental performance,building on the personnel and process safety records we set in 2024,”sa

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1. **2025年业绩**:Valero Energy第四季度净利润11亿美元(每股3.73美元),全年23亿美元(每股7.57美元);调整后净利润第四季度12亿美元(每股3.82美元),全年33亿美元(每股10.61美元)。 2. **运营亮点**:炼油 throughput 创纪录(日均310万桶),乙醇生产日均480万加仑;炼油业务运营收入17亿美元(同比增288%),乙醇业务1.17亿美元(同比增485%)。 3. **股东回报**:2025年现金回报40亿美元,股息增至每股1.20美元(2026年1月宣布)。 4. **财务状况**:年末现金及等价物47亿美元,债务83亿美元,债务净资本化率(扣除现金)18%。 5. **战略进展**:St. Charles炼油厂FCC优化项目预计2026年下半年投产,投资2.3亿美元。
**Valero业绩如何?** **炼油业务增长点?** **股东回报有何变化?**
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