secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001628280-26-003974
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q4 net income $1.1B vs $281M YoY; dividend raised 6% to $1.20/share
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- Adjusted EPS $3.82 for Q4 2025 vs $0.64 in Q4 2024; full-year adjusted EPS $10.61 vs $8.48.
- Refining operating income surged to $1.7B from $437M; record refinery throughput of 3.1M bpd.
- Quarterly dividend increased to $1.20/share from $1.13 (6% hike) announced Jan 22, 2026.
- Stockholder cash returns totaled $1.4B in Q4 and $4.0B for full year 2025.
- St. Charles FCC optimization ($230M) on track for H2 2026; debt-to-cap net cash 18%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000162828026003974/0001628280-26-003974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000162828026003974/vlo-20260129.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-003974

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