NEWS RELEASE
 
 
 
 
Contacts:
Amir Barash, Vice President-IR
Alon USA Energy, Inc.
972-367-3808
FOR IMMEDIATE RELEASE
 
 
 
 
Investors: Jack Lascar/ Sheila Stuewe
DRG&L / 713-529-6600
Media: Blake Lewis
Lewis Public Relations
214-635-3020
Ruth Sheetrit
SMG Public Relations
011-972-547-555551

Alon USA Reports Fourth Quarter and Full Year 2011 Results

Company schedules conference call for March 9, 2012 at 10:00 a.m. Eastern

DALLAS, TEXAS, March 8, 2012 - Alon USA Energy, Inc. (NYSE: ALJ) (“Alon”) today announced results for the quarter and year ended December 31, 2011. All in all, we had a record year on an adjusted EBITDA basis, although net loss available to common stockholders for the fourth quarter of 2011 was $(12.9) million, or $(0.23) per share, compared to net loss available to common stockholders of $(25.1) million, or $(0.46) per share, for the same period last year. Excluding special items, primarily non-cash gains on unrealized commodity swaps, Alon recorded net loss available to common stockholders of $(43.7) million, or $(0.78) per share, for the fourth quarter of 2011, compared to net loss available to common stockholders of $(20.2) million, or $(0.37) per share, for the same period last year.
Net income available to common stockholders for the year ended December 31, 2011 was $42.5 million, or $0.77 per share, compared to net loss available to common stockholders of $(122.9) million, or $(2.27) per share, for the same period last year. Excluding special items, Alon recorded net income available to common stockholders of $30.9 million, or $0.56 per share, for the year ended December 31, 2011, compared to net loss available to common stockholders of $(130.6) million, or $(2.41) per share, for the same period last year.
Paul Eisman, CEO and President, commented, “2011 was an excellent year for our company with adjusted EBITDA over $300 million. In addition to our financial results, we made great strides in 2011 with improvements to our facilities that will benefit us both in 2012 and the years to come.
"At our Big Spring refinery, subsequent to our planned downtime in July to complete maintenance and capital projects, we increased the total throughput rate to over 70,000 barrels per day during the fourth quarter. At the same time, we generated yields of over 100% for the second consecutive quarter.
"At our Krotz Springs refinery, we completed several capital projects during the fourth quarter intended to improve crude slate flexibility, FCC capacity and yields, and jet fuel yield. The Krotz Springs refinery took an opportunistic shutdown in November to begin integrating these upgrades. We have begun to see the benefit of these capital projects in 2012. Additionally, we began receiving WTI priced crudes at Krotz Springs in December 2011, and expect to meet our goal of processing on average 20,000 to 25,000 barrels per day of these crudes in 2012.
"In June 2011 we completed a project to integrate the Bakersfield hydrocracker unit into the California refineries system to increase overall light product yields. Since the completion of the project, we have increased light product yields by approximately 25%. In light of the weak margin environment, we shutdown the California refineries in December to make minor revisions to the hydrocracker in preparation for receiving new crude blends that will further improve the liquid recovery and light product yields of these facilities. We expect to restart the California refineries at the beginning of the second quarter of 2012.
"The high price of crude oils indexed to the WTI price on the Gulf Coast and West Coast together with the reduction in

- 1 -

The following information was filed by Alon Usa Energy, Inc. (ALJ) on Friday, March 9, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Alon Usa Energy, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alon Usa Energy, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account