secwatch.observer — SEC 8-K summary
======================================

Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001035002-24-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500224000050/0001035002-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500224000050/vlo-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001035002-24-000050

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