Valero Q2 net income falls to $880M ($2.71/share) from $1.9B ($5.40) YoY

VALERO ENERGY CORP/TX

2024-Q2 EPS reported $6.47 revenue$66,249,000,000

Refining segment operating income $1.2B, down from $2.4B in Q2 2023.
Renewable Diesel segment operating income $112M, down from $440M due to lower volumes/margins.
Declared quarterly dividend $1.07/share, payable Sept 3, record Aug 1; returned $1.4B to shareholders via dividends and buybacks.
SAF project at DGD Port Arthur expected operational Q4 2024; total cost $315M.
Net cash from operations $2.5B; capital investments $420M; debt-to-capitalization net of cash 16%.

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