---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-24-000020"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:18:14.051332+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001035002-24-000020
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/0001035002-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/vlo-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-24-000020
- JSON: https://secwatch.observer/filing/0001035002-24-000020.json
- Plain text: https://secwatch.observer/filing/0001035002-24-000020.txt

## Key facts
- Earnings Releases
  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
  source text: reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/0001035002-24-000020-index.htm
- Earnings Releases
  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
  source text: adjusted net income attributable to Valero stockholders was $1.3 billion, or $3.82 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/0001035002-24-000020-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/0001035002-24-000020-index.htm

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