(Reuters) -Refiner Valero Energy reported a fall in second-quarter profit on Thursday, hurt by lower throughput volumes and a loss in its renewable diesel segment.
Valero said earlier this year it plans to operate its 14 refineries at up to 88% of their combined total complete capacity of 3.2 million barrels per day (MMbpd) in the second quarter.
The company’s throughput volumes stood at 2.9 MMbpd in the quarter, compared with 3.0 MMbpd a year earlier.
Its renewable diesel segment, which consists of the Diamond Green Diesel joint venture, reported an operating loss of $79 million for the quarter, compared with a profit of $112 million from a year ago.
Valero reported a profit of $714 million, or $2.28 per share, for the quarter ended June 30, compared with $880 million, or $2.71 per share, a year earlier.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Pooja Desai)
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