September 23, 2014 9:28 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Alon USA Partners, LP

Company Overview

Alon USA Partners, LP refines and markets petroleum products primarily in the South Central and Southwestern regions of the United States. The company owns and operates a crude oil refinery in Big Spring, Texas with crude oil throughput capacity of 73,000 barrels per day. It refines oil into petroleum products, including gasoline, diesel, jet fuel, petrochemicals, petrochemical feed stocks, asphalts, and other petroleum products. The company sells its products to retail convenience stores through wholesale distribution network and other third-party distributors. Alon USA Partners GP, LLC serves as a general partner of the company. The company was founded in 2012 and is based in Dallas, Texas...

12700 Park Central Drive

Suite 1600

Dallas, TX 75251

United States

Founded in 2012

Phone:

972-367-3600

Key Executives for Alon USA Partners, LP

Alon USA Partners, LP does not have any Key Executives recorded.

Alon USA Partners, LP Key Developments

Alon USA Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014

Alon USA Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-20-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Alon USA Partners, LP Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014

Alon USA Partners, LP reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $725,852,000 against $865,694,000 a year ago. Operating income was $19,010,000 against $54,750,000 a year ago. Income before state income tax expense was $8,042,000 against $45,794,000 a year ago. Net income was $7,802,000 or $0.12 earnings per share against $45,321,000 or $0.73 earnings per share a year ago. Net cash used in operating activities was $35,000 against $13,403,000 a year ago. Adjusted EBITDA was $29,119,000 against $66,007,000 a year ago. Capital expenditures were $7,277,000 against $6,216,000 a year ago. For the six months, the company reported net sales of $1,582,312,000 against $1,669,861,000 a year ago. Operating income was $73,048,000 against $158,563,000 a year ago. Income before state income tax expense was $50,768,000 against $140,219,000 a year ago. Net income was $50,043,000 or $0.80 earnings per share against $138,846,000 or $2.22 earnings per share a year ago. Net cash provided by operating activities was $45,232,000 against $153,243,000 a year ago. Adjusted EBITDA was $93,236,000 against $181,888,000 a year ago. Capital expenditures were $11,439,000 against $9,157,000 a year ago. For the quarter, the company’s refinery's throughput for the second quarter of 2014 averaged 38,994 barrels per day compared to 72,124 bpd for the same period in 2013. The lower throughput rate during the second quarter of 2014 was due to planned turnaround that was completed in June 2014. Also impacting the refinery operating margin for the second quarter of 2014 were RINs credits of $0.8 million, generated as a result of reduced production during the planned turnaround, compared to RINs costs of $8.0 million for the second quarter of 2013. The average Gulf Coast 3/2/1 crack spread was $16.42 per barrel for the second quarter of 2014 compared to $21.17 per barrel for the second quarter of 2013, which was influenced by a reduction in the Brent to WTI Cushing spread. The average Brent to WTI Cushing spread for the second quarter of 2014 was $7.56 per barrel compared to $12.51 per barrel for the same period in 2013. The average WTI Cushing to WTS spread for the second quarter of 2014 was $7.88 per barrel compared to $0.36 per barrel for the second quarter of 2013. The average WTI Cushing to WTI Midland spread for the second quarter of 2014 was $8.37 per barrel compared to $0.14 per barrel for the second quarter of 2013. For the six months, the company’s refinery's throughput for the first half of 2014 averaged 56,050 bpd compared to 65,835 bpd for the same period in 2013. Also impacting refinery operating margin was $2.2 million of costs associated with RINs obligations for the first half of 2014, compared to $8.0 million for the first half of 2013. The average Gulf Coast 3/2/1 crack spread was $16.61 per barrel for the first half of 2014 compared to $24.76 per barrel for the same period in 2013, which was primarily influenced by a reduction in the Brent to WTI Cushing spread. The average Brent to WTI Cushing spread for the first half of 2014 was $10.25 per barrel compared to $16.98 per barrel for the same period in 2013. The average WTI Cushing to WTI Midland spread for the first half of 2014 was $5.96 per barrel compared to $3.91 per barrel for the same period in 2013.

Alon USA Partners, LP to Report Q2, 2014 Results on Aug 06, 2014

Alon USA Partners, LP announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 06, 2014

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