secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001035002-24-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500224000054/0001035002-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500224000054/vlo-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001035002-24-000054

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