Valero Q1 net income $1.2B ($3.75 EPS), down from $3.1B YoY; dividend raised to $1.07/share

VALERO ENERGY CORP/TX

2024-Q1 EPS reported $3.75 revenue$31,759,000,000

GAAP EPS $3.75 vs $8.29 Q1 2023; adjusted EPS $3.82 vs $8.27.
Refining operating income $1.7B vs $4.1B YoY; Renewable Diesel $190M vs $205M.
Quarterly dividend increased to $1.07/share from $1.02; $1.4B returned to stockholders.
SAF project at DGD Port Arthur expected operational Q4 2024; total cost $315M, Valero share $157.5M.
Repaid $167M senior notes; net cash $4.9B, debt to cap ratio 17%.

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 0.98

VALERO ENERGY CORP/TX reported first quarter of 2024 results: net income $1.3 billion, EPS $3.82 per share.

Period: first quarter of 2024
Net income: $1.3 billion
EPS: $3.82 per share
Result: reported results

Exact text from the filing

reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

VALERO ENERGY CORP/TX reported first quarter of 2024 results: net income $1.3 billion, EPS $3.82 per share.

Period: first quarter of 2024
Net income: $1.3 billion
EPS: $3.82 per share
Result: reported results

Exact text from the filing

adjusted net income attributable to Valero stockholders was $1.3 billion, or $3.82 per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VALERO ENERGY CORP/TX reported first quarter ended March 31, 2024 results: net income $1.2 billion, EPS $3.75 per share.

Period: first quarter ended March 31, 2024
Net income: $1.2 billion
EPS: $3.75 per share
Result: reported results

Exact text from the filing

Valero Energy Corporation (the "Company") issued a press release announcing the Company’s financial and operating results for the first quarter ended March 31, 2024.

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VALERO ENERGY CORP/TX filing history →

Source: SEC EDGAR

accession 0001035002-24-000020

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