secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001035002-25-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000103500225000060/0001035002-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000103500225000060/vlo-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001035002-25-000060

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer