---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-25-000016"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:37:01.778588+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valero Q1 net loss $595M ($1.90/share) on $1.1B asset impairment; adjusted EPS $0.89

## Summary
- Net loss $595M ($1.90 loss per share) vs net income $1.2B ($3.75) Q1 2024; adjusted net income $282M ($0.89) excludes $1.1B pre-tax West Coast impairment.
- Refining segment operating loss $530M; adjusted operating income $605M vs $1.8B Q1 2024; throughput 2.8M bpd.
- Renewable Diesel segment (DGD) operating loss $141M vs income $190M Q1 2024; ethanol operating income $20M.
- Issued $650M 5.15% Senior Notes due 2030; repaid $440M maturing notes; quarterly dividend raised 6% to $1.13/share.
- Returned $633M to stockholders via dividends ($356M) and buybacks ($277M); debt-to-capital net of cash 19%.

## SEC filing metadata
- accession: 0001035002-25-000016
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2025-04-24T23:59:59+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/1035002/000103500225000016/0001035002-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500225000016/vlo-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-25-000016
- JSON: https://secwatch.observer/filing/0001035002-25-000016.json
- Plain text: https://secwatch.observer/filing/0001035002-25-000016.txt

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