Erste Group Bank Raises Valero Energy FY2026 Earnings Forecast

Analyst sees significant upside potential for oil and gas company's earnings next year

Apr. 9, 2026 at 11:05am

Got story updates? Submit your updates here. ›

An extreme close-up of heavy, industrial machinery and equipment used in oil refining, such as pipes, valves, and control panels, all rendered in a high-contrast, cinematic style that conveys a sense of the scale, complexity, and power of Valero's refining operations.Valero Energy's refining operations rely on a vast network of industrial machinery and equipment, the scale and complexity of which are captured in this cinematic close-up.San Antonio Today

Erste Group Bank has raised its earnings per share (EPS) estimates for Valero Energy Corporation (NYSE: VLO) in fiscal year 2026, citing an improved outlook for the oil and gas company. The investment bank's analyst H. Engel now expects Valero to earn $17.71 per share in 2026, up from a previous forecast of $14.41 per share.

Why it matters

Valero is one of the largest independent oil refiners in the United States, so its financial performance is closely watched as an indicator of the broader energy industry's health. Erste Group's upgraded outlook suggests analysts see strong potential for Valero to grow earnings in the coming years, which could boost investor confidence in the stock.

The details

In a research report issued on April 2nd, Erste Group Bank analyst H. Engel raised the firm's fiscal year 2026 earnings per share estimate for Valero Energy from $14.41 to $17.71. This is significantly higher than the current consensus estimate of $7.92 per share for Valero's full-year 2026 earnings. Erste Group also issued an estimate of $14.53 per share for Valero's fiscal year 2027 earnings.

  • Erste Group Bank issued the updated earnings forecast on April 2, 2026.
  • Valero Energy is expected to report its full-year 2026 results in early 2027.

The players

Erste Group Bank

An Austrian banking group and one of the largest financial services providers in Central and Eastern Europe.

H. Engel

The Erste Group Bank analyst who covers Valero Energy and issued the updated earnings forecast.

Valero Energy Corporation

A San Antonio, Texas-based integrated oil and gas company that operates a network of petroleum refineries.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Erste Group Bank's upgraded earnings outlook for Valero Energy suggests the investment firm sees significant upside potential for the oil refiner's financial performance in the coming years, which could boost investor confidence in the stock if the company is able to deliver on those projections.