Valero reports strong Q3 for renewable diesel, ethanol

Valero Energy Corp. released third quarter financial results on Oct. 22. The company reported an overall net loss. Results for the company’s ethanol and renewable diesel segments, however, were improved when compared to the same period of 2019.

Valero’s ethanol segment reported $22 million in operating income for the three-month period, compared to a $43 million operating loss reported for the third quarter of 2019. The adjusted operating income was $36 million.