San Antonio, Texas-based Valero Energy Corporation (VLO) manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States and internationally. With a market cap of $45 billion, the company operates through three segments: Refining, Renewable Diesel, and Ethanol.

The company is set to unveil its second-quarter results on Thursday, July 24, before the market opens. Ahead of the event, analysts expect VLO to report non-GAAP earnings of $1.75 per share, down 35.4% from the profit of $2.71 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street’s bottom-line projections in three of the past four quarters, while missing on one occasion.

For the current year, its earnings are expected to be $6.29 per share, down 25.8% from $8.48 per share reported in the year-ago quarter. However, in fiscal 2026, its earnings are expected to rise 46.4% year-over-year to $9.21 per share.

VLO stock has grown marginally over the past 52 weeks, outperforming the Energy Select Sector SPDR Fund’s (XLE) 1.2% decline but underperforming the S&P 500 Index’s ($SPX) 11.7% uptick during the same time frame.

VLO stock fell 1% following the release of its Q1 2025 results on Apr. 24. The company’s revenue decreased 4.7% year-over-year to $30.3 billion, but surpassed the Wall Street estimates. Additionally, VLO’s adjusted EPS for the quarter also declined by 76.8% from the prior year’s quarter to $0.89, but successfully surpassed the consensus estimates by 107%.

The consensus opinion on VLO is highly optimistic, with a “Strong Buy” rating overall. Of the 19 analysts covering the stock, opinions include 15 “Strong Buys,” one “Moderate Buy,” and three “Holds.” While VLO currently trades above its mean price target of $145.56, the Street-high target of $166 indicates a potential upswing of 11.7% from the current market price.