Alon USA Partners (ALDW) Tops Q1 EPS by 19c

Alon USA Partners (NYSE: ALDW) reported Q1 EPS of $0.32, $0.19 better than the analyst estimate of $0.13. Revenue for the quarter came in at $544.53 million versus the consensus estimate of $513.81 million.

Alan Moret, CEO, commented, "We are pleased with our performance in the first quarter of 2017, which resulted in cash available for distribution of $0.38 per unit. Our first quarter results benefited from an improvement in our benchmark Gulf Coast crack spread relative to the fourth quarter of 2016 and the same quarter last year. The improvement in the crack spread was complemented by strong operations, with the Big Spring refinery setting a new record for quarterly total throughput. We have been encouraged by the positive trends we have seen in refining into the second quarter of 2017, including attractive discounts for Midland-priced crudes and improved crack spreads."

For earnings history and earnings-related data on Alon USA Partners (ALDW) click here.

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