Valero Q3 net income $2.8B ($7.19/sh) vs $463M YoY; debt reduced $1.25B in Sep

VALERO ENERGY CORP/TX

2022-Q3 EPS reported $20.93 revenue$134,637,000,000

Net income $2.8B, EPS $7.19; adjusted EPS $7.14; refining operating income $3.8B vs $835M YoY.
Refining throughput 3.0M bpd (up 141K bpd), utilization 95% vs 91%.
Renewable diesel (DGD) op income $212M vs $108M; DGD3 startup expected Nov 2022, total capacity 1.2B gal/yr.
Debt reduced $1.25B in Sep, total reduction ~$3.6B since H2 2021; debt-to-cap (net cash) 24%.
Capital investments $602M; strategic projects Port Arthur coker, carbon sequestration on schedule.

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