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Valero Energy Q2'25 Earnings Highlights

$VLO (+0,12%)


๐Ÿ”น Revenue: $29.89B (Est. $26.97B) ๐ŸŸข

๐Ÿ”น Adjusted EPS: $2.28 (Est. $1.72) ๐ŸŸข

๐Ÿ”น Net Income: $714M; DOWN from $880M YoY

๐Ÿ”น GAAP EPS: $2.28; DOWN from $2.71 YoY

๐Ÿ”น Net Cash from Ops: $936M

๐Ÿ”น Adjusted Net Cash from Ops: $1.3B (ex-WC & JV impact)

๐Ÿ”น Capital Investments: $407M (incl. $371M sustaining)

๐Ÿ”น Dividend Declared: $1.13/share


Segment Performance:


Refining

๐Ÿ”น Operating Income: $1.3B (vs. $1.2B YoY)

๐Ÿ”น Throughput: 2.9M BPD

๐Ÿ”น Refining Margin/BBL: $12.35 (Est. $11.75) ๐ŸŸข

๐Ÿ”ธ Set record throughput rate in U.S. Gulf Coast


Renewable Diesel (Diamond Green Diesel JV)

๐Ÿ”น Operating Loss: ($79M) (vs. $112M income YoY)

๐Ÿ”น Sales Volume: 2.7M gallons/day


Ethanol

๐Ÿ”น Operating Income: $54M (vs. $105M YoY)

๐Ÿ”น Production Volume: 4.6M gallons/day


CEO Commentary:

๐Ÿ”ธ โ€œWe delivered solid financial results for the quarter, driven by strong operational and commercial execution.โ€

๐Ÿ”ธ โ€œSet a record for refining throughput in the U.S. Gulf Coast region.โ€

๐Ÿ”ธ โ€œWe remain committed to commercial and operational excellence, backed by a strong balance sheet.โ€


Financial Position:

๐Ÿ”น Total Debt: $8.4B

๐Ÿ”น Cash & Equivalents: $4.5B

๐Ÿ”น Debt-to-Cap Ratio (net of cash): 19%

๐Ÿ”น Repaid $251M in 2.85% Senior Notes


Strategic Update:

๐Ÿ”ธ FCC Unit optimization project at St. Charles Refinery underway

๐Ÿ”ธ Target completion in 2026; Estimated cost: $230M

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