Alon USA Partners LP (ALDW) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.10. The company posted revenue of $468.46 million in the period, compared to analysts expectations of $417.45 million. The company’s revenue was down -25.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Many Wall Street Analysts have commented on Alon USA Partners LP. Alon USA Partners LP was Downgraded by Tudor Pickering to ” Sell” on May 16, 2016.
Alon USA Partners LP opened for trading at $8.61 and hit $9.1 on the upside on Thursday, eventually ending the session at $9.1, with a gain of 4.24% or 0.37 points. The heightened volatility saw the trading volume jump to 1,25,087 shares. Company has a market cap of $569 M.
In a different news, on Mar 2, 2016, Shai Even (CFO) purchased 7,200 shares at $10.60 per share price.
Alon USA Partners LP (Alon) is engaged in the business of operating a crude oil refinery in Big Spring Texas with a crude oil throughput capacity of 73000 barrels per day (bpd). The Company refines crude oil into finished products which it markets primarily in West and Central Texas Oklahoma New Mexico and Arizona through its wholesale distribution network to both Alon Energy’s retail convenience stores and other third-party distributors. The Big Spring refinery has a crude oil throughput capacity of 73000 bpd and is located on 1306 acres in the Permian Basin in West Texas. Its Big Spring refinery produces ultra-low sulfur gasoline ultra-low sulfur diesel jet fuel petrochemicals petrochemical feedstocks asphalt and other petroleum products. This refinery typically converts approximately 90% of its feedstock into finished products such as gasoline diesel jet fuel and petrochemicals with the remaining 10% primarily converted to asphalt and liquefied petroleum gas.