Citgo Petroleum Corp., Houston, achieved record quarterly crude runs and distillate production rates across its three US refineries in third-quarter 2026, the company said Nov. 12. Total refinery throughput averaged 904,000 b/d, up 10% from the second quarter, while average crude utilization reached 103%. Combined crude runs set a system-wide quarterly record of 855,000 b/d, with the operator’s 167,000-b/d refinery in Corpus Christi, Tex., setting a site-specific average quarterly throughput rate of 176,000 b/d. Combined distillate production also reached a quarterly record of 365,000 b/d, led by Citgo’s 479,000-b/d deep-conversion refinery along the Calcasieu Ship Channel in Lake Charles, La., which set a site production record of 208,000 b/d, according to the operator. Citgo reported third-quarter net income of $2.2 billion, compared with $936 million in the second quarter. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $3.008 billion, while adjusted EBITDA was $2.958 billion for the quarter. Citgo said year-to-date adjusted EBITDA at the end of third-quarter 2026 was $4.713 billion, exceeding the operator’s previous full-year earnings record set in 2022. Refining, commercial developments Citgo said its third-quarter capital spending included $50 million for turnaround and catalyst work and $128 million for capital projects. The operator’s crude fractionation and yield improvement project at Corpus Christi, was expected to be mechanically complete in December, with startup planned for early January 2027. The company’s reported throughput compares with 820,000 b/d in the second quarter, when turnaround work and unplanned outages affected runs. Average crude utilization rose from 97% in the previous quarter. Commercial developments during the third quarter included increased US Gulf Coast distillate exports to Europe, Brazil, and the Caribbean. Citgo also said it became the first shipper to move gasoline from the Chicago area to New York over the bi-directional Laurel Pipeline. Gasoline loading on the pipeline began