Last $15.50 USD
Change Today -0.39 / -2.45%
Volume 717.3K
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As of 6:40 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

alon usa energy inc (ALJ) Key Developments

Alon USA Energy Receives Approval from the Kern County Board of Supervisors to Build a New Rail Facility at the Bakersfield Refinery in California

Alon USA Energy announced that it received approval from the Kern County Board of Supervisors to build a new rail facility at the Bakersfield refinery in California. The Board of Supervisors also approved ALJ's plan to modify the refinery to allow the processing of light crude oil. The company said that construction of the new rail facility should be completed by the end of 2015.

Alon USA Energy, Inc. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014

Alon USA Energy, Inc. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 . Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States.

Alon USA Energy, Inc. Announces Increase in Quarterly Cash Dividend, Payable on September 22, 2014; Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third and Fourth Quarter of 2014

Alon USA Energy, Inc. announced that its Board of Directors has approved an increase in its regular quarterly cash dividend of $0.06 per share to $0.10 per share, or from $0.24 per share to $0.40 per share per annum. The dividend of $0.10 per share is payable on September 22, 2014 to stockholders of record at the close of business on September 8, 2014. The company reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss of $6.437 million, resulting in net loss available to stockholders of $7.517 million, or $0.11 per diluted share, compared to net income of $19.942 million, resulting in net income available to stockholders of $11.496 million, or $0.17 per diluted share, for the same period last year. Net sales were $1,742,883,000 compared to $1,676,595,000 a year ago. Operating income was $18,932,000 compared to $42,032,000 a year ago. Loss before income tax expense was $8,408,000 compared to income before income tax expense of $23,927,000 a year ago. Net cash used in operating activities was $31,072,000 compared to $31,016,000 a year ago. Capital expenditures were $36,495,000 compared to $22,208,000 a year ago. Adjusted net loss available to stockholders of $3.42 million, or $0.05 per diluted share, compared to adjusted net income available to stockholders of $17.2 million, or $0.27 per diluted share, for the same period last year. Adjusted EBITDA was $53,293,000 compared to $66,492,000 a year ago. Capital expenditures for turnarounds and catalysts were $11,422,000 compared to $1,408,000 a year ago. Net debt increased as expected in the quarter, primarily due to the Big Spring turnaround. The loss was driven primarily by lower throughput related to the major turnaround that was completed during the quarter at Big Spring, partially offset by record-setting throughput at Krotz Springs refinery. For the six months, the company reported net income of $1.938 million, resulting in net loss available to stockholders of $6.732 million, or $0.10 per diluted share, compared to net income of $93.593 million, resulting in net income available to stockholders of $65.680 million, or $0.97 per diluted share, for the same period last year. Net sales were $3,426,128,000 compared to $3,327,791,000 a year ago. Operating income was $57,892,000 compared to $167,863,000 a year ago. Income before income tax expense was $2,061,000 compared to $128,168,000 a year ago. Net cash provided by operating activities was $31,642,000 compared to $129,754,000 a year ago. Capital expenditures were $54,655,000 compared to $30,622,000 a year ago. Adjusted net loss available to stockholders of $484,000, or $0.01 per diluted share, compared to adjusted net income available to stockholders of $71.372 million, or $1.12 per diluted share, for the same period last year. Adjusted EBITDA was $53,293,000 compared to $66,492,000 a year ago. Capital expenditures for turnarounds and catalysts were $26,269,000 compared to $6,624,000 a year ago. The combined refinery average throughput for the second quarter of 2014 was 114,869 barrels per day ("bpd"), consisting of 38,994 bpd at the Big Spring refinery and 75,875 bpd at the Krotz Springs refinery, compared to a combined refinery average throughput of 130,928 bpd for the second quarter of 2013, consisting of 72,124 bpd at the Big Spring refinery and 58,804 bpd at the Krotz Springs refinery. The lower throughput at Big Spring refinery during the second quarter of 2014 was due to planned turnaround that was completed in June 2014. During the second quarter of 2013, the Krotz Springs refinery was impacted by the unplanned shut down and repair of the reformer unit for approximately one month. The combined refinery average throughput for the first half of 2014 averaged 125,059 bpd, consisting of 56,050 bpd at the Big Spring refinery and 69,009 bpd at the Krotz Springs refinery, compared to a combined refinery average throughput of 124,457 bpd for the first half of 2013, consisting of 65,835 bpd at the Big Spring refinery and 58,622 bpd at the Krotz Springs refinery. The lower throughput at the Big Spring refinery was primarily due to the planned turnaround during the second quarter of 2014. During the first half of 2013, the Krotz Springs refinery was impacted by the unplanned shut down and repair of the reformer unit for approximately one month. The company expects to operate the Big Spring refinery at 74,000 barrels per day of total charge in the third quarter and 75,000 barrels per day of total charge in the fourth quarter. The company expects the Krotz Springs refinery to operate at 75,000 barrels per day of total charge in the third quarter, and 76,000 barrels per day in the fourth.

Alon USA Energy, Inc. to Report Q2, 2014 Results on Aug 07, 2014

Alon USA Energy, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014

Alon USA Energy, Inc., Q2 2014 Earnings Call, Aug 08, 2014

Alon USA Energy, Inc., Q2 2014 Earnings Call, Aug 08, 2014

 

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