Valero Q4 net income $3.1B ($8.15/sh); full-year net income $11.5B ($29.04/sh)

VALERO ENERGY CORP/TX

2022-FY EPS reported $29.04 revenue$176,383,000,000

Q4 net income $3.1B ($8.15/sh); adjusted $3.2B ($8.45/sh); Refining operating income $4.3B vs $1.3B YoY.
Full-year net income $11.5B ($29.04/sh); adjusted $11.6B ($29.16/sh); generated $13.8B adjusted operating cash flow.
Debt reduced by $2.7B in 2022, total reduction $4.0B since H2 2021; debt-to-cap net of cash 21% vs 40% pandemic high.
Refinery utilization 97% in Q4, highest since 2018; DGD Port Arthur plant started ahead of schedule and under budget.
Renewable Diesel segment Q4 operating income $261M (+$111M YoY); Ethanol $7M vs $474M YoY due to lower prices.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VALERO ENERGY CORP/TX reported the fourth quarter ended December 31, 2022 results: net income $3.1 billion, EPS $8.15 per share.

Period: the fourth quarter ended December 31, 2022
Net income: $3.1 billion
EPS: $8.15 per share
Result: reported results

Exact text from the filing

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $3.1 billion, or $8.15 per share, for the fourth quarter of 2022, compared to $1.0 billion, or $2.46 per share, for the fourth quarter of 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VALERO ENERGY CORP/TX reported the fiscal year ended December 31, 2022 results: net income $11.5 billion, EPS $29.04 per share.

Period: the fiscal year ended December 31, 2022
Net income: $11.5 billion
EPS: $29.04 per share
Result: reported results

Exact text from the filing

For 2022, net income attributable to Valero stockholders was $11.5 billion, or $29.04 per share, compared to $930 million, or $2.27 per share, in 2021.

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VALERO ENERGY CORP/TX filing history →

Source: SEC EDGAR

accession 0001035002-23-000010

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