Alon USA Energy, Inc. announced consolidated unaudited earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $1,651,196,000 against $1,792,133,000 a year ago. Operating income was $125,831,000 against operating loss of $9,782,000 a year ago. Income before income tax expense was $104,241,000 against loss before income tax expense of $48,861,000 a year ago. Net income available to stockholders was $54,184,000 or $0.80 per diluted share against net loss available to stockholders of $29,367,000 or $0.52 per diluted share a year ago. Net cash provided by operating activities was $160,770,000 against $30,873,000 a year ago. Excluding special items, adjusted net income available to stockholders was $54,172,000 or $0.86 per diluted share against $8,449,000 or $0.15 per diluted share a year ago. Adjusted EBITDA was $156,678,000 against $66,224,000 a year ago. Capital expenditures were $8,414,000 against $14,557,000 a year ago. The company reduced net debt by $137,000,000 to just $334,000,000 as March 31, 2013. For the quarter, the company’s combined refinery throughput for the first quarter of 2013 averaged 117,915 barrels per day (bpd), consisting of 59,476 bpd at the Big Spring refinery and 58,439 bpd at the Krotz Springs refinery, compared to 135,190 bpd for the first quarter of 2012, consisting of 69,512 bpd at the Big Spring refinery and 65,678 bpd at the Krotz Springs refinery. The lower throughput rates for the first quarter of 2013 were due to maintenance work at both refineries. The company announced that its board of directors has approved an increase in its regular quarterly cash dividend of $0.04 per share to $0.06 per share, or from $0.16 per share to $0.24 per share per annum, and a special non-recurring dividend of $0.16 per share. Both dividends are payable on June 14, 2013 to stockholders of record at the close of business on May 31, 2013. The company provided production guidance for the second quarter of 2013. For the quarter, the company expects the average throughput at the Big Spring refinery to be approximately 72,000 barrels per day and only 57,000 barrels per day at the Krotz Springs refinery due to repairs being performed on the reformer unit. At Krotz Springs, the company is planning to process 30,000 barrels per day of WTI during the second quarter of 2013. In addition, the company is in the process of completing a railcar unloading terminal facility at the Krotz Springs refinery with plans to ship an additional 6,000 barrels per day of WTI crude oil with the existing railcars.

Alon USA Energy, Inc., Q1 2013 Earnings Call, May 09, 2013

Alon USA Energy, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 08, 2013