---
schema_version: "secwatch.filing_event.v1"
accession: "0001035002-25-000060"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T01:52:51.595767+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valero Q2 net income $714M ($2.28 EPS) down from $880M; refining income up, renewable diesel loss

## Summary
- Net income $714M ($2.28 EPS) vs $880M ($2.71 EPS) in Q2 2024; refining operating income $1.3B vs $1.2B.
- Renewable Diesel segment operating loss $79M vs income $112M; Ethanol income $54M vs $105M.
- Returned $695M to stockholders: $354M dividends, $341M buybacks; dividend $1.13/qtr declared.
- Repaid $251M 2.85% Senior Notes; debt $8.4B; debt/cap ratio 19% net of cash.
- Record refining throughput in U.S. Gulf Coast; St. Charles FCC optimization project $230M, completion 2026.

## SEC filing metadata
- accession: 0001035002-25-000060
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000103500225000060/0001035002-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000103500225000060/vlo-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035002-25-000060
- JSON: https://secwatch.observer/filing/0001035002-25-000060.json
- Plain text: https://secwatch.observer/filing/0001035002-25-000060.txt

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