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Last $16.87 USD
Change Today +0.32 / 1.93%
Volume 867.5K
ALJ On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

alon usa energy inc (ALJ) Key Developments

Alon USA Energy, Inc. Announces Executive Changes

Delek US Holdings, Inc. announced that it has completed the acquisition of approximately 33.7 million shares, or approximately 48% of the outstanding shares, of Alon USA Energy, Inc. common stock from Alon Israel Oil Company Ltd. In connection with the closing of this transaction Messrs. Amit Ben Itzhak, Boaz Biran, Shraga Biran, Yonel Cohen and Mordehay Ventura each submitted their resignation from the Board of Directors of the company and the Board appointed Messrs. Ezra Uzi Yemin, Assaf Ginzburg, Frederec Green, Mark D. Smith and Avigal Soreq to fill the resulting vacancies. Additionally, Mr. David Wiessman announced his resignation from the position of Chairman of the Board and Mr. Jeffrey D. Morris announced his resignation from the position of Vice Chairman of the Board. Assaf Ginzburg was appointed to the company's Board in May 2015. Mr. Ginzburg has served as Delek's Chief Financial Officer since January 2013, a Delek Executive Vice President since May 2009 and as a Delek vice president since February 2005. Frederec Green was appointed to the company's Board in May 2015. Mr. Green has served as Delek's Executive Vice President since May 2009 and as the primary operational officer for Delek's refining operations since joining Delek in January 2005. Mark D. Smith was appointed to the company's Board in May 2015. Mr. Smith has served as Delek's executive vice president since May 2014. Prior to 2014, Mr. Smith spent nine years as a Vice President with Tesoro Refining and Marketing and Tesoro Companies, Inc. Avigal Soreq was appointed to the company's Board in May 2015. Mr. Soreq joined Delek in October 2011 and has served as its Vice President since December 2012.

Alon USA Energy, Inc. Passes Resolution to Amend its Bylaws

On May 14, 2015, Alon USA Energy, Inc.'s board passed a resolution to amend the company's Bylaws. Specifically, the amendment to the Bylaws provides that until the 2016 Annual Meeting of the Stockholders of the company, the affirmative vote of at least 90% of the board (rounded up to the nearest whole number of directors) shall be required to remove or replace the Chairman without cause.

Alon USA Appoints Uzi Yemin as the Chairman

Delek US Holdings, Inc. announced that it has completed the acquisition of approximately 33.7 million shares, or approximately 48% of the outstanding shares, of Alon USA Energy, Inc. common stock from Alon Israel Oil Company Ltd. Five seats on the eleven-member Alon USA board of directors previously held by Alon Israel representatives have been filled by representatives from Delek US. This includes Delek US Chairman, President and Chief Executive Officer Uzi Yemin who has been named as the chairman of the Alon USA board.

Alon USA Energy, Inc. Presents at Morgan Stanley Refining Corporate Access Day, May-14-2015

Alon USA Energy, Inc. Presents at Morgan Stanley Refining Corporate Access Day, May-14-2015 . Venue: Morgan Stanley Headquarters, New York, New York, United States. Speakers: Paul Eisman, Chief Executive Officer and President.

Alon USA Energy, Inc. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Operating Guidance for the Second Quarter and Full Year of Fiscal 2015

Alon USA Energy, Inc. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, the company announced net sales of $1,103,240,000 compared to $1,683,245,000 for the same period a year ago. Operating income was $67,561,000 compared to $38,960,000 for the same period a year ago. Income before income tax expense was $46,016,000 compared to $10,469,000 for the same period a year ago. Net income was $34,055,000 compared to $8,375,000 for the same period a year ago. Net income available to stockholders was $26,939,000 compared to $785,000 for the same period a year ago. Earnings per share, diluted were $0.38 compared to $0.01 for the same period a year ago. Net cash used in operating activities was $19,221,000 compared to net cash provided by operating activities of $62,714,000 for the same period a year ago. Adjusted net income available to stockholders was $20,910,000 compared to $4,195,000 for the same period a year ago. Adjusted earnings per share were $0.30 compared to $0.06 for the same period a year ago. Adjusted EBITDA was $80,040,000 compared to $72,763,000 for the same period a year ago. Capital expenditures were $10,749,000 compared to $18,160,000 for the same period a year ago. Capital expenditures for turnarounds and catalysts were $2,333,000 compared to $14,847,000 for the same period a year ago. For the quarter, the combined total refinery average throughput was 145,229 barrels per day, consisting of 72,360 bpd at the Big Spring refinery and 72,869 bpd at the Krotz Springs refinery, compared to a combined total refinery average throughput of 135,363 bpd for the first quarter of 2014, consisting of 73,296 bpd at the Big Spring refinery and 62,067 bpd at the Krotz Springs refinery. The company provided operating guidance for the second quarter and full year of fiscal 2015. The company expects total throughput at the Big Spring refinery to average approximately 73,000 barrels per day for the second quarter of 2015. The company expects total throughput at the Krotz Springs refinery to average approximately 76,000 barrels per day for the second quarter of 2015. The company expects total throughput at the Big Spring refinery to average approximately 72,000 barrels per day for the full year of 2015. The company expects total throughput at the Krotz Springs refinery to average approximately 69,000 barrels per day for the full year of 2015 due to the turnaround scheduled in the fourth quarter of 2015.

 

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ALJ

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Valuation ALJ Industry Range
Price/Earnings 17.9x
Price/Sales 0.2x
Price/Book 1.8x
Price/Cash Flow 6.1x
TEV/Sales 0.1x
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