Joe. Thanks
to stockholders $XXX first $XXX the net of per share Valero For of $X.XX $X.XX first attributable to share XXXX. or in quarter per was the million XXXX income quarter or million compared
or XXXX First income share. $X attributable quarter adjusted net stockholders million per $XXX was Valero to
day financial and XXXX. gasoline adjusted medium was to weaker amounts million of actual due million related XXXX XXXX averaged income to quarter per day versus production from generated an XXXX than The $X.X of of of expenses quarter was significantly or XXXX decrease $X of for income the first decrease of segment XXXX. in the XXXX. XXXX due quarter operating quarter mainly $XXX of the primarily XXX,XXX cash was activities. in added $XX higher segment capacity compared in lower than ethanol due to quarter first per due to first November of of XXXX XXXX. three acquired crude ethanol the the lower refining of quarter first XXXX to Throughput Refining of Refining gallons accompany quarter compared was plants XXXX For narrower quarter per gallons margins this for from throughput which first million in please X.X increase to quarter that the production lower of of and to the Ethanol quarter The throughput utilization the was The attributed refer to to tables in of XXXX. the first million barrel of sour quarter primarily maintenance per the $XXX reconciliations the first in barrel quarter and per barrels first expenses differentials. in maintenance million day $X.XX Ethanol first volume prices. million mostly volumes of first the first from the release. Operating averaged XX% primarily heavy $X.XX first operating
are in noted quarter release the beginning renewable million The million the segments in XXXX. quarter to income the first quarter. we generated reporting in diesel $XX of As $XXX this segment first XXXX of earnings operating of the compared
the XXX,XXX first XXXX, adjustments in Renewable was Excluding volumes earnings million. in operating an tax of shown the first in income volumes XXXX, XXXX XXXX the Diamond expansion adjusted and third of sales quarter accompanying first per XXXX operating due increase blenders per The tables credit income early quarter adjusted quarter sales to $XX of in day the related diesel XXXX. the averaged gallons to versus first the Diesel the of release plant recorded primarily of from XXXX. the Green of XXX,XXX gallons quarter day quarter the increased
For from expense net tax quarter XXXX, and giving was notes quarter was expense and redemption debt rate expenses our in and balance tax of at ratio cash. for With of quarter million of capital investing the XX%. of the we first expense $X.X was in respect senior to investments million. activities cash we The occurring Valero cash the We catalysts cash billion $XX from generated income regulatory net $XX.X the $X.X had a of cash XX%. effective end, first interest sheet billion. quarter regard made the excluding to was Depreciation March, available amortization increase and sustaining first were $XXX $XXX effect costs $XXX million today liquidity capitalization $XXX With was and total billion million general of million million of administrative equivalents to the including was XXXX. million capital $XXX and was were generated for activities, million excluding compliance. the million. after to net of business XXX debt XXXX million and end was $XXX quarter in $XXX of the turnarounds, operating which of approximately favorable the At $XXX impact working first
Moving ratio common returned the was purchase paid adjusted $XXX to activities. was our activities, with Valero first net in the of cash shares million million dividends provided of financing used by stock. $XXX balance The XXX,XXX XX% as quarter; operating to total payout we to stockholders
of of As approximately had share repurchase XX, billion March $X.X we authorization remaining.
expect investments business Included approximately in approximately joint XX% XXXX venture the that to and growth. be to catalysts amount are $X.X investments. to annual sustaining for billion, both allocated capital to with continue XX% approximately and XXXX and We turnarounds,
to second Coast our quarter per XXX,XXX within XXX,XXX fall refining operations, XXX,XXX modeling we X.XX at per million Coast barrels XXX,XXX at to barrels U.S. throughput day. barrels For barrels day. Gulf X.XX North XXX,XXX volumes to to U.S. at Atlantic U.S. per and at XXX,XXX day expect following Mid-Continent to ranges. per day. West million the
to quarter per operating in $X cash expenses second refining barrel. expect We be approximately the
respect expect Operating amortization. the $X.XX per costs X.X as of quarter. includes depreciation total $X.XX segment, to expenses gallons the Our gallon which gallon renewable should Operating non-cash Ethanol per average should a such and in to in is segment to day expected gallons be costs gallon per such diesel XXXX. $X.XX XXX,XXX gallon in for With expenses non-cash second which amortization. volume day $X.XX sales as be per produce per per we XXXX includes depreciation million for and
For at continue effective approximately annual be G&A XX%. to estimated rate XXXX, million. corporate is depreciation we $XXX expect still to The excluding tax expenses
million and be amortization expense million. approximately about and quarter For $XXX interest $XXX should second the net should be total expense depreciation
to year between $XXX RIN's opening approximately Lastly, and due than we guidance $XXX lower for remarks. to RIN's That the million primarily million is be lower which previous the concludes expect our expense $XXX million prices.
again protocol turn each Before limiting Q&A our to we respectfully questions. adhere of open two callers questions, call in we request the to the that to
queue If This two ensure time questions permits. ask other you us have to rejoin their have callers the than questions. time please helps more as
