---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-23-000101"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:35:12.491999+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001035002-23-000101
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000101/0001035002-23-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000101/vlo-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-23-000101
- JSON: https://secwatch.observer/filing/0001035002-23-000101.json
- Plain text: https://secwatch.observer/filing/0001035002-23-000101.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500223000101/0001035002-23-000101-index.htm

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