Valero said net income attributable to Valero stockholders for Q3 2024 was $364 million ($1.14 per share), compared with $2.6 billion ($7.49 per share) for Q3 2023.

1. 01

   Valero said net income attributable to Valero stockholders for Q3 2024 was $364 million ($1.14 per share), compared with $2.6 billion ($7.49 per share) for Q3 2023.

2. 02

   Valero said Refining segment operating income for Q3 2024 was $565 million, compared with $3.4 billion for Q3 2023. Refining throughput averaged 2.9 million barrels per day, and the company said the period included heavy maintenance activities.

3. 03

   The company said it returned $907 million to stockholders in Q3 2024, consisting of dividends of $342 million and stock buybacks of approximately 3.8 million shares totaling $565 million. This resulted in a payout ratio of 84% of adjusted net cash provided by operating activities.

4. 04

   The company said it completed the SAF project at Diamond Green Diesel Port Arthur in October 2024. It said the plant now has the option to upgrade approximately 50% of its current 470 million gallon renewable diesel annual production capacity to SAF.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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