Northern Tier Energy LP Presents at Morgan Stanley Fourth Annual Refining Corporate Access Day, May-16-2013 . Venue: New York, United States.

Northern Tier Energy LP declared a cash distribution of $1.23 per unit for the first quarter of 2013. This distribution will be paid on May 30, 2013 to unitholders of record as of May 23, 2013.

Northern Tier Energy LP reported unaudited consolidated operating and earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $119.4 million compared to net loss of $193.6 million for the first quarter of 2012. Adjusted net income was $108.2 million compared $5.1 million a year ago. Adjusted EBITDA was $156.6 million, an increase of $75.1 million compared to $81.5 million for the first quarter 2012. This increase was primarily driven by favorable operating results in the refining segment. Revenue was $1,115.0 million against $999.1 million a year ago. Operating income was $131.9 million against $2.7 million a year ago. Income before income taxes was $119.3 million against loss before income taxes of $193.6 million a year ago. Net cash provided by operating activities was $41.5 million against net cash used in operating activities of $54.8 million a year ago. Capital expenditures were $9.1 million. The company ran 22,000 barrels of heavy, meaning with Western Canadian, 19,000 barrels per day of Canadian Syncrude, and 42,000 barrels per day of North Dakota light. The company provided earnings guidance for the full year of 2013. Total company-wide capital expenditures are expected to be $39 million, of which $6 million is attributable to wastewater treatment plant and $18 million is attributable to expansion capital. The company will see some EBITDA generation in second quarter as a result of the expansion.