secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001035002-22-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000047/0001035002-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500222000047/vlo-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001035002-22-000047

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