---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-22-000047"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2022-10-25T23:59:59+00:00"
generated_at: "2026-06-23T01:08:33.456070+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001035002-22-000047
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2022-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500222000047/0001035002-22-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500222000047/vlo-20221025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-22-000047
- JSON: https://secwatch.observer/filing/0001035002-22-000047.json
- Plain text: https://secwatch.observer/filing/0001035002-22-000047.txt

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