---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-24-000054"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:18:49.147295+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Valero Q3 net income $364M ($1.14 EPS) vs $2.6B ($7.49) YoY; refining down sharply

## Summary
- Refining segment operating income $565M vs $3.4B YoY; throughput avg 2.9M bpd amid heavy maintenance.
- Renewable diesel op income $35M (down from $123M), but sales volumes up 552k gpd to 3.5M gpd.
- Ethanol segment $153M op income vs $197M; production volumes up 255k gpd to 4.6M gpd.
- Returned $907M to holders: $342M dividends + $565M buybacks (3.8M shares); payout ratio 84%.
- DGD Port Arthur SAF project completed Oct; optionality to upgrade ~50% of 470M gal renewable diesel capacity.

## SEC filing metadata
- accession: 0001035002-24-000054
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2024-10-24T23:59:59+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/1035002/000103500224000054/0001035002-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500224000054/vlo-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-24-000054
- JSON: https://secwatch.observer/filing/0001035002-24-000054.json
- Plain text: https://secwatch.observer/filing/0001035002-24-000054.txt

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