Alon USA Energy Provides Operational Update On Krotz Springs Refinery
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.
Investors: Jack Lascar/Sheila Stuewe
Dennard - Lascar Associates, LLC
Media: Blake Lewis
Lewis Public Relations
SMG Public Relations
SOURCE Alon USA Energy, Inc.
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