secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001035002-22-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000021/0001035002-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000021/vlo-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001035002-22-000021

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