secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001035002-25-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500225000016/0001035002-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500225000016/vlo-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001035002-25-000016

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