Diamond Green Renewable Diesel Margin Soars

Diamond Green Renewable Diesel Margin Soars

 

Valero Reports Q2 2021 Earnings Results

  • Advanced the expected completion of the Diamond Green Diesel project at Port Arthur (DGD 3) to the first half of 2023 versus the prior estimate of the second half of 2023.
  • Reported adjusted net income attributable to Valero stockholders of $197 million, or $0.48 per share.
  • Returned $401 million in cash to stockholders through dividends.
  • Declared a regular quarterly cash dividend of $0.98 per share payable in the third quarter.
  • Reported net income attributable to Valero stockholders of $162 million, or $0.39 per share.

Renewable Diesel

The renewable diesel segment, which consists of the Diamond Green Diesel (DGD) joint venture, reported $248 million of operating income for the second quarter of 2021, compared to $129 million for the…

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