Valero Energy (VLO) Operating Expenses (2009 - 2026)
Valero Energy (VLO) posted quarterly Operating Expenses of $233.0 million for Q2 2026, up 5.91% year-over-year from $220.0 million in Q2 2025, and down 18.25% quarter-over-quarter from $285.0 million in Q1 2026.
Valero Energy (VLO) Operating Expenses (2009 - 2026) Analysis & Trends
Valero Energy's Operating Expenses history runs 18 years deep, the most recent figure standing at $233.0 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 5.91% year-over-year to $233.0 million; the TTM figure through Jun 2026 stood at $1.1 billion (up 9.99% YoY), while the FY2025 annual figure was $1.0 billion, up 8.43% from the prior year.
- Operating Expenses for Q2 2026 stood at $233.0 million, down from $285.0 million in the prior quarter.
- The five-year high for Operating Expenses was $315.0 million in Q4 2025, with the low at $203.0 million in Q2 2024.
- The 5-year median for Operating Expenses is $245.0 million (2023), against an average of $247.4 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 32.39% in 2022, then retreated 10.3% in 2023.
- Valero Energy's Operating Expenses stood at $282.0 million in 2022, then grew by 4.61% to $295.0 million in 2023, then fell by 9.83% to $266.0 million in 2024, then gained by 18.42% to $315.0 million in 2025, then dropped by 26.03% to $233.0 million in 2026.
- Business Quant data shows VLO's Operating Expenses at $233.0 million in Q2 2026, $285.0 million in Q1 2026, and $315.0 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 97.05 Bn | 89.28 Bn | 9.27 Bn | 45.02 Bn |
| 2 | Valero Energy | 95.18 Bn | 87.30 Bn | 5.47 Bn | 233.00 Mn |
| 3 | Phillips 66 | 89.90 Bn | 85.80 Bn | 8.38 Bn | 47.07 Bn |
| 4 | HF Sinclair | 15.35 Bn | 13.09 Bn | 1.57 Bn | 9.22 Bn |
| 5 | Sunoco | 10.13 Bn | 9.36 Bn | 1.46 Bn | 13.68 Bn |
| 6 | PBF Energy | 8.19 Bn | 7.29 Bn | 1.15 Bn | 10.41 Bn |
| 7 | Cosan | 6.43 Bn | 1.32 Bn | 552.94 Mn | 803.77 Mn |
| 8 | Ultrapar Holdings | 6.39 Bn | 4.67 Bn | 603.08 Mn | -124.64 Mn |
| 9 | Icahn Enterprises | 5.07 Bn | 3.10 Bn | 198.00 Mn | 3.36 Bn |
| 10 | Delek US Holdings | 3.92 Bn | 3.29 Bn | 365.10 Mn | 3.78 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 233.00 Mn |
| Mar 31, 2026 | 285.00 Mn |
| Dec 31, 2025 | 315.00 Mn |
| Sep 30, 2025 | 246.00 Mn |
| Jun 30, 2025 | 220.00 Mn |
| Mar 31, 2025 | 261.00 Mn |
| Dec 31, 2024 | 266.00 Mn |
| Sep 30, 2024 | 234.00 Mn |
| Jun 30, 2024 | 203.00 Mn |
| Mar 31, 2024 | 258.00 Mn |
| Dec 31, 2023 | 295.00 Mn |
| Sep 30, 2023 | 250.00 Mn |
| Jun 30, 2023 | 209.00 Mn |
| Mar 31, 2023 | 244.00 Mn |
| Dec 31, 2022 | 282.00 Mn |
| Sep 30, 2022 | 214.00 Mn |
| Jun 30, 2022 | 233.00 Mn |
| Mar 31, 2022 | 205.00 Mn |
| Dec 31, 2021 | 286.00 Mn |
| Sep 30, 2021 | 195.00 Mn |