Citgo Raises 2026 Profit Outlook by $2B on Surging Fuel Margins

Bloomberg reports that Citgo raised its 2026 operating profit outlook by $2 billion as fuel margins surged. An updated outlook and preliminary third-quarter results shared with investors, but not the public, put the Venezuelan-owned US refiner’s full-year EBITDA forecast at $7.7 billion to $8 billion, up from the $5.8 billion it forecast in August.