Valero Q2 net income $1.9B ($5.40 EPS), down 60% YoY; refining income $2.4B

VALERO ENERGY CORP/TX

2023-Q2 EPS reported $13.74 revenue$70,948,000,000

Net income $1.9B ($5.40 EPS) vs Q2 2022 $4.7B ($11.57 EPS); adjusted EPS $11.36 in prior year.
Refining operating income $2.4B vs $6.2B YoY; throughput 3.0M bpd at 94% capacity utilization.
Renewable Diesel (DGD) operating income $440M vs $152M; sales volumes up 2.2M gal/day.
Returned $1.3B to shareholders ($367M dividends, $951M buybacks); declared $1.02 quarterly dividend.
SAF project at DGD Port Arthur expected 2025, cost $315M (50% Valero); Port Arthur coker at full capacity.

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 second quarter of 2023 results: net income $1.9 billion, EPS $5.40 per share.

Period: the second quarter of 2023
Net income: $1.9 billion
EPS: $5.40 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 $1.9 billion, or $5.40 per share, for the second quarter of 2023

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Source: SEC EDGAR

accession 0001035002-23-000101

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