---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-24-000050"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:08:14.370762+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001035002-24-000050
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000050/0001035002-24-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000050/vlo-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-24-000050
- JSON: https://secwatch.observer/filing/0001035002-24-000050.json
- Plain text: https://secwatch.observer/filing/0001035002-24-000050.txt

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