Valero Q2 2022 net income $4.7B ($11.57 EPS) vs $162M year ago; refining op income $6.2B

VALERO ENERGY CORP/TX

2022-Q2 EPS reported $13.74 revenue$90,183,000,000

Adjusted net income $4.6B ($11.36 EPS) vs $260M ($0.63) in Q2 2021.
Refining segment operating income $6.2B vs $349M last year; throughput 3.0M bpd.
Reduced debt by $300M via GO Zone bond acquisition; total debt reduction of $2.3B since H2 2021.
DGD renewable diesel segment op income $152M; DGD 3 expected to start Q4 2022 (470M gal/yr capacity).
Capital investments $653M; liquidity $5.4B cash; debt-to-cap net of cash 25%.

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