Claire Hart, Senior Vice President
Alon USA Energy, Inc.
Investors: Jack Lascar/ Sheila Stuewe
Dennard § Lascar Associates, LLC 713-529-6600
Media: Blake Lewis
Lewis Public Relations
Ruth Sheetrit
SMG Public Relations
Alon USA Reports First Quarter Results

Increases Quarterly Cash Dividend and Declares Special Dividend
Company schedules conference call for May 9, 2013 at 11:30 a.m. Eastern
DALLAS, TEXAS, May 8, 2013 - Alon USA Energy, Inc. (NYSE: ALJ) (“Alon”) today announced results for the first quarter of 2013. Net income for the first quarter of 2013 was $54.2 million, or $0.86 per share, compared to net loss of $(29.4) million, or $(0.52) per share, for the same period last year. Excluding special items, Alon recorded net income of $54.2 million, or $0.86 per share, for the first quarter of 2013, compared to net income of $8.5 million, or $0.15 per share, for the same period last year.
Paul Eisman, CEO and President, commented, “We continue to profit from the strategic operational decisions that improve our crude slate at our refineries as evidenced by our adjusted EBITDA of $157 million for the quarter and adjusted EBITDA for the last twelve months of $524 million. Also, we had net income of $74 million before non-controlling interest for the quarter. We achieved these results despite reduced refinery throughput rates resulting from maintenance at both Big Spring and Krotz Springs during the quarter. During the first quarter, we made additional progress towards our goal of strengthening our balance sheet by reducing net debt an additional $137 million to $334 million. At the end of the first quarter our net debt to total capitalization was 32% and net debt to adjusted EBITDA for the last twelve months was 0.6:1 compared to 70% and 3.7:1 for the same periods last year.
“During the first quarter, we generated very favorable margins of $28.76 per barrel at our Big Spring refinery, benefiting from the strong margin environment as well as the WTI less WTS differentials. At Krotz Springs, we generated an operating margin of $13.14 per barrel as we were able to take greater advantage of cheaper WTI priced crudes.
“In California, as mentioned last quarter, we are continuing our engineering study at our Bakersfield refinery location. Concurrently, we are monitoring the progress of the submitted permit applications that would allow us to ship via rail lighter mid-continent crudes to replace the heavier West Coast crudes used in the California system. We still expect to receive these permits, as well as to complete required infrastructure build out and to enter into the required supply arrangements, during the fourth quarter of this year. In the meantime, we have signed agreements with major companies to utilize our logistical assets.
“For the second quarter of 2013, we expect the average throughput at the Big Spring refinery to be approximately 72,000 barrels per day and only 57,000 barrels per day at the Krotz Springs refinery due to repairs being performed on the reformer unit. At Krotz Springs, we are planning to process 30,000 barrels per day of WTI during the second quarter of 2013. In addition, we are in the process of completing a railcar unloading terminal facility at the Krotz Springs refinery with plans to ship an additional 6,000 barrels per day of WTI crude oil with our existing railcars.”

- 1 -

The following information was filed by Alon Refining Krotz Springs, Inc. (ARKS) on Thursday, May 9, 2013 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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