Valero Energy Q1 2025 Filing: Foreign Excise Taxes Rise
Ticker: VLO · Form: 10-Q · Filed: 2025-04-24T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, excise-tax, international-operations
TL;DR
Valero Q1 2025 10-Q: Foreign excise taxes jumped to $1.5B, up from $1.39B last year.
AI Summary
Valero Energy Corp/TX filed its 10-Q for the period ending March 31, 2025. The filing includes excise taxes on sales by certain foreign operations totaling $1,504 million for the first quarter of 2025, compared to $1,387 million for the same period in 2024.
Why It Matters
This filing provides insight into Valero's operational costs and international sales performance, with a notable increase in foreign excise taxes impacting profitability.
Risk Assessment
Risk Level: medium — The filing details financial performance and operational data, which can influence investor decisions and stock price.
Key Numbers
- $1,504 million — Foreign Excise Taxes (Q1 2025)
- $1,387 million — Foreign Excise Taxes (Q1 2024)
Key Players & Entities
- VALERO ENERGY CORP/TX (company) — Filer
- 20250331 (date) — Period of Report
- $1,504 million (dollar_amount) — Excise taxes on sales by certain foreign operations for Q1 2025
- $1,387 million (dollar_amount) — Excise taxes on sales by certain foreign operations for Q1 2024
FAQ
What is the total revenue reported for the first quarter of 2025?
The provided text does not contain specific total revenue figures for Q1 2025.
What is the net income for Valero Energy Corp/TX for the period ending March 31, 2025?
The provided text does not contain specific net income figures for the period ending March 31, 2025.
How do the excise taxes for Q1 2025 compare to the full year 2024?
The filing only provides excise tax figures for Q1 2025 and Q1 2024, not for the full year 2024.
What specific foreign operations are contributing to the excise taxes?
The filing mentions 'certain of our foreign operations' but does not specify which ones.
What is the primary business segment of Valero Energy Corp/TX?
Valero Energy Corp/TX is in PETROLEUM REFINING [2911].
From the Filing
0001035002-25-000017.txt : 20250424 0001035002-25-000017.hdr.sgml : 20250424 20250424115524 ACCESSION NUMBER: 0001035002-25-000017 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 77 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250424 DATE AS OF CHANGE: 20250424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALERO ENERGY CORP/TX CENTRAL INDEX KEY: 0001035002 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 741828067 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-13175 FILM NUMBER: 25865672 BUSINESS ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 BUSINESS PHONE: 2103454524 MAIL ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 10-Q 1 vlo-20250331.htm 10-Q vlo-20250331 VALERO ENERGY CORP/TX 0001035002 FALSE 2025 Q1 --12-31 http://fasb.org/us-gaap/2024#CostDirectMaterial http://fasb.org/us-gaap/2024#CostDirectMaterial Includes excise taxes on sales by certain of our foreign operations of $1,504 million and $1,387 million for the three months ended March 31, 2025 and 2024, respectively. xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure vlo:plant vlo:subsidiary vlo:segment utr:MBbls utr:bu 0001035002 2025-01-01 2025-03-31 0001035002 2025-04-17 0001035002 2025-03-31 0001035002 2024-12-31 0001035002 2024-01-01 2024-03-31 0001035002 us-gaap:CommonStockMember 2024-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2024-12-31 0001035002 us-gaap:RetainedEarningsMember 2024-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001035002 us-gaap:ParentMember 2024-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2024-12-31 0001035002 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001035002 us-gaap:ParentMember 2025-01-01 2025-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2025-01-01 2025-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001035002 us-gaap:CommonStockMember 2025-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2025-03-31 0001035002 us-gaap:RetainedEarningsMember 2025-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001035002 us-gaap:ParentMember 2025-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2025-03-31 0001035002 us-gaap:CommonStockMember 2023-12-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001035002 us-gaap:TreasuryStockCommonMember 2023-12-31 0001035002 us-gaap:RetainedEarningsMember 2023-12-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001035002 us-gaap:ParentMember 2023-12-31 0001035002 us-gaap:NoncontrollingInterestMember 2023-12-31 0001035002 2023-12-31 0001035002 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001035002 us-gaap:ParentMember 2024-01-01 2024-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001035002 us-gaap:CommonStockMember 2024-03-31 0001035002 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001035002 us-gaap:TreasuryStockCommonMember 2024-03-31 0001035002 us-gaap:RetainedEarningsMember 2024-03-31 0001035002 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001035002 us-gaap:ParentMember 2024-03-31 0001035002 us-gaap:NoncontrollingInterestMember 2024-03-31 0001035002 2024-03-31 0001035002 srt:ConsolidatedEntityExcludingVariableInterestEntitiesVIEMember 2025-01-01 2025-03-31 000