Financial research concept

Renewable Diesel Sales Volume

Renewable Diesel sales volume measures gallons sold during a period and is the volume denominator Valero uses for per-gallon renewable diesel economics.

By Lee BaileyPublished Sep 25, 2026

Research context

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Research date: Sep 25, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 20 connected conceptsPart of the reviewed Integrated Refining & Renewable Fuels Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Sales volume declined about 22.2%
Annualized 2025 sales were about 1.003 billion gallons
Sales volume is not production capacity
Part of the Integrated Refining & Renewable Fuels Economics
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Renewable Diesel Sales Volume measures the gallons sold by Valero's Renewable Diesel segment during the reporting period.

Valero reported 2.748 million gallons per day in 2025, down from 3.530 million gallons per day in 2024.

Sales volume declined about 22.2%

The decrease was 0.782 million gallons per day.

Dividing by the 3.530 million gallon prior-year base gives approximately 22.2%.

Annualized 2025 sales were about 1.003 billion gallons

Multiplying 2.748 million gallons per day by 365 days gives approximately 1.003 billion gallons.

That scale helps reconcile the reported $0.42 margin per gallon with the $419 million annual Renewable Diesel margin.

Sales volume is not production capacity

Valero uses sales volume as the operating denominator for Renewable Diesel because it says that convention is generally used by comparable operators.

Use Renewable Diesel Production Capacity for physical nameplate scale, and do not equate the two measures.

Primary sources: Valero 2025 earnings release and Valero 2025 Form 10-K.

Part of the Integrated Refining & Renewable Fuels Economics

Connect refinery capacity, throughput, utilization, yield, realized per-barrel economics, renewable-fuel compliance costs, and Renewable Diesel and Ethanol volume, margin, and profit conversion.

Browse the full operating model in Company Analysis →

Where this concept fits

Renewable diesel capacity, sales volume, and margin conversionCurrent relationship
Production capacity defines potential physical output, sales volume is the period denominator Valero uses for unit economics, segment revenue preserves external and intersegment scope, and Renewable Diesel margin is reduced by operating expenses and depreciation and amortization to reach operating income or loss.
Renewable Diesel Margin Renewable Diesel Operating Income Renewable Diesel Production CapacityRenewable Diesel Sales VolumeCurrent conceptRenewable Diesel Segment Revenue
Refining capacity, throughput, and per-barrel conversion
Feedstock throughput capacity sets physical scale, while utilization and throughput show realized activity and product yield shows output mix. Refining margin per barrel is reduced by operating costs and depreciation and amortization to reach adjusted operating income per barrel, while RVO cost adds a separate compliance-cost benchmark whose treatment in realized margin must be checked.
Refinery Capacity Utilization Refinery Product Yield Refinery Throughput Adjusted Refining Operating Income Adjusted Refining Operating Income per Barrel Refining D&A per Barrel Feedstock Throughput Capacity Refining Margin per Barrel Refining Operating Cost per Barrel RVO Cost per Barrel
Ethanol capacity, production, and margin conversion
Production capacity defines the plant network's stated output capability and production volume measures realized output. Ethanol and co-product revenue feed an issuer-defined Ethanol margin, which is reduced by operating expenses, depreciation and amortization, and specified other operating expenses to reach segment operating income.
Ethanol Margin Ethanol Operating Income Ethanol Production Capacity Ethanol Production Volume Ethanol Segment Revenue

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

VLOOpen operating-model research →20 of 20 reviewed concepts in Integrated Refining & Renewable Fuels EconomicsRenewable diesel capacity, sales volume, and margin conversion5 of 5 bridge concepts supportedContinue through this bridge:Renewable Diesel Margin Renewable Diesel Operating Income Renewable Diesel Production Capacity Renewable Diesel Segment Revenue

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Compare the 22.2% sales-volume decline with annualized gallons, capacity, and margin per gallon.

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