Alon USA Energy Provides Operational Update On Krotz Springs Refinery
Alon USA Energy Provides Operational Update On Krotz Springs Refinery PR Newswire DALLAS, June 6, 2013 DALLAS, June 6, 2013 /PRNewswire/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") announced that the Reformer Unit at the Company's Krotz Springs refinery ("KSR") resumed production activity today after being shut-down for unplanned repairs since late April 2013. As a result of these repairs, the Company estimates higher KSR operating expenses (net of expected insurance proceeds) of approximately $0.40 per barrel for the second quarter of 2013. The Company also expects to incur a one-time cost that will reduce the KSR operating margin per barrel for the second quarter of 2013 by approximately $2.50 per barrel. Throughput guidance at KSR for the second quarter of 2013 is 60,000 barrels per day ("bpd") and 66,000 bpd for the year. During the second quarter of 2013, KSR expects to process 30,000 bpd of WTI crude. Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company directly owns crude oil refineries in California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 144,000 barrels per day. Alon USA also owns 100% of the general partner and approximately 82% of the limited partner interests in Alon USA Partners, LP (NYSE: ALDW), which owns a crude oil refinery in Texas with an aggregate crude oil throughput capacity of approximately 70,000 barrels per day. Alon USA is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon USA is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in Texas and New Mexico. Any statements in this press release that are not statements of historical fact are forward-looking statements. Forward looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our financial condition, results of operations and cash flows. Additional information regarding these and other risks is contained in our filings with the Securities and Exchange Commission. Contacts: Claire Hart, SVP Alon USA Energy, Inc. 972-367-3649 Investors: Jack Lascar/Sheila Stuewe Dennard - Lascar Associates, LLC 713-529-6600 Media: Blake Lewis Lewis Public Relations 214-635-3020 Ruth Sheetrit SMG Public Relations 011-972-547-555551 SOURCE Alon USA Energy, Inc.