---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-22-000021"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:28:08.567864+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valero Q1 net income $905M ($2.21 EPS); refining op income $1.45B vs loss; DGD 3 accelerated to Q4'22

## Summary
- Net income $905M ($2.21 EPS) vs net loss $704M (-$1.73) YoY; adjusted net income $944M ($2.31 EPS).
- Refining segment op income $1.45B vs -$592M loss; throughput 2.8M bpd (+390k bpd).
- Returned $545M to stockholders ($401M dividends, $144M buybacks); reduced long-term debt $750M in Q1 ($2B in 6 months).
- DGD 3 (470M gal/yr renewable diesel) accelerated to Q4'22 from prior Q1'23.
- Capital investments $843M; cash $2.6B; debt-to-cap net of cash 34%.

## SEC filing metadata
- accession: 0001035002-22-000021
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500222000021/0001035002-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500222000021/vlo-20220426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-22-000021
- JSON: https://secwatch.observer/filing/0001035002-22-000021.json
- Plain text: https://secwatch.observer/filing/0001035002-22-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.