secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001035002-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/0001035002-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500224000020/vlo-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001035002-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer