Valero Q3 net income $2.6B ($7.49 EPS); refining op income $3.4B

VALERO ENERGY CORP/TX

2023-Q3 EPS reported $21.21 revenue$109,352,000,000

Net income attributable to stockholders $2.6B ($7.49 diluted EPS) vs $2.8B ($7.19) in Q3 2022.
Refining segment operating income $3.4B (down from $3.8B); throughput 3.0M bpd at 95% utilization.
Returned $2.2B to stockholders: $360M dividends + $1.8B buybacks (13M shares); payout ratio 68%.
Renewable diesel op income $123M (down from $212M); ethanol op income $197M (up from $1M).
SAF project at DGD Port Arthur on schedule for 2025, $315M cost, optionality for ~50% capacity.

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