secwatch.observer — SEC 8-K summary
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Issuer:     VALERO ENERGY CORP/TX (VLO)
CIK:        0001035002
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001628280-26-028602
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valero Q1 net income $1.3B ($4.22/sh); dividend raised 6% to $1.20
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- Reported net income of $1.3B ($4.22/sh) vs net loss $595M ($1.90/sh) in Q1 2025; adjusted Q1 2025 net income $282M ($0.89/sh).
- Refining segment operating income $1.8B vs loss $530M; throughput 2.9M bpd.
- Renewable Diesel segment operating income $139M vs loss $141M; Ethanol $90M vs $20M.
- Dividend increased 6% to $1.20/sh (Jan 22); stockholder returns $938M, payout ratio 59% of adjusted operating cash flow.
- Issued $850M 5.150% Senior Notes due 2036; St. Charles FCC optimization $230M project expected to complete Q3 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035002/000162828026028602/0001628280-26-028602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035002/000162828026028602/vlo-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-028602

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