Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Loading
Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Matthew Blair | Tudor, Pickering, Holt | 14 questions · 7% challenging |
| Joe Laetsch | Morgan Stanley | 14 questions · 0% challenging |
| Theresa Chen | Barclays | 14 questions · 0% challenging |
| Neil Mehta | Goldman Sachs | 14 questions · 0% challenging |
| Jason Gabelman | TD Cowen | 13 questions · 0% challenging |
| Manav Gupta | UBS | 13 questions · 0% challenging |
| Doug Leggate | Wolfe Research | 13 questions · 31% challenging |
| Paul Sankey | Sankey Research | 10 questions · 0% challenging |
| Ryan Todd | Piper Sandler | 10 questions · 0% challenging |
| Paul Cheng | Scotiabank | 10 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Piper Sandler | 2 analysts | 16 questions · 0% challenging |
| Tudor, Pickering, Holt | 1 analyst | 14 questions · 7% challenging |
| Goldman Sachs | 1 analyst | 14 questions · 0% challenging |
| Morgan Stanley | 1 analyst | 14 questions · 0% challenging |
| Barclays | 1 analyst | 14 questions · 0% challenging |
| UBS | 1 analyst | 13 questions · 0% challenging |
| Wolfe Research | 1 analyst | 13 questions · 31% challenging |
| TD Cowen | 1 analyst | 13 questions · 0% challenging |
No 8-K events recorded for this window.
Valero delivered Q1 net income of $1.3B ($4.22 per share), a dramatic reversal from the year-ago net loss of $595M, as heavy sour crude advantage drove feedstock gains with refining throughput at 2.9 million barrels per day. Proactive risk management limited volatility, and the Iran conflict tightened global refining supply, supporting margins. Ethanol demand surged on global octane economics, and a Port Arthur fire caused temporary disruption but was contained. CAPEX guidance remained unchanged while no forward financial guidance was provided.
Supply Chain | Competitive Dynamics | Margin | Regulation Policy | Demand | Capital Allocation | Macroeconomic | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 7 | 11 | 5 | 3 | 1 | 2 | |
| 2025Q1 | 3 | 2 | 6 | 7 | 6 | 5 | 4 | |
| 2025Q2 | 8 | 9 | 6 | 7 | 3 | 3 | 2 | |
| 2025Q3 | 10 | 9 | 6 | 3 | 3 | 2 | 3 | |
| 2025Q4 | 10 | 10 | 8 | 7 | 3 | 3 | 4 | 3 |
| 2026Q1 | 7 | 4 | 3 | 4 | 2 | 2 | 4 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Supply Chain | 6 | 3 | 8 | 10 | 10 | 7 |
| Competitive Dynamics | 7 | 2 | 9 | 9 | 10 | 4 |
| Margin | 11 | 6 | 6 | 6 | 8 | 3 |
| Regulation Policy | 5 | 7 | 7 | 3 | 7 | 4 |
| Demand | 3 | 6 | 3 | 3 | 3 | 2 |
| Capital Allocation | 1 | 5 | 3 | 2 | 3 | 2 |
| Macroeconomic | 2 | 3 | 4 | 4 | ||
| Capex Investment | 2 | 4 | 3 | 2 |
The table scrolls sideways. Swipe it, or select it and use the arrow keys.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $30.76B | -13.2% | $0.89 | -74.9% | 2.0% | 1.1% | 0.9% | $767M |
| FY2025 Q1 | $30.26B | -4.7% | $-1.90 | -150.7% | 1.6% | -3.0% | -2.0% | $703M |
| FY2025 Q2 | $29.89B | -13.3% | $2.28 | -15.9% | 4.1% | 3.3% | 2.4% | $1.19B |
| FY2025 Q3 | $32.17B | -2.2% | $3.53 | +209.6% | 5.5% | 4.7% | 3.4% | $1.70B |
| FY2025 Q4 | $31.73B | +3.2% | $3.74 | +320.2% | 10.3% | 5.0% | 3.6% | $1.81B |
| FY2026 Q1Selected | $32.38B | +7.0% | $4.22 | +322.1% | 8.9% | 5.3% | 3.9% | $1.23B |
| FY2026 Q2 | $44.48B | +48.8% | $12.62 | +453.5% | -6.5% | 11.7% | 8.4% | $5.74B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 30, 2026
FY2026 Q1 in brief
Valero delivered Q1 net income of $1.3B ($4.22 per share), a dramatic reversal from the year-ago net loss of $595M, as heavy sour crude advantage drove feedstock gains with refining throughput at 2.9 million barrels per day.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +7.02% → base 6. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Valero Energy (VLO), FY2026 Q1: 7/10. Scores: Valero Energy’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: VLO daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
VLO Valero Energy | 7 | +7.0% | |
| MPC Marathon Petroleum | 8 | +9.7% | |
| PSX Phillips 66 | 8 | +11.7% |