Stacey Hudson, Investor Relations Manager
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 Energy, Inc. Reports First Quarter 2014 Results

Declares Quarterly Cash Dividend
Schedules conference call for May 2, 2014 at 12:00 p.m. Eastern
DALLAS, TEXAS, May 1, 2014 - Alon USA Energy, Inc. (NYSE: ALJ) (“Alon”) today announced results for the first quarter of 2014. Net income available to stockholders for the first quarter of 2014 was $0.8 million, or $0.01 per share, compared to net income available to stockholders of $54.2 million, or $0.86 per share, for the same period last year. Excluding special items, Alon recorded net income available to stockholders of $4.2 million, or $0.06 per share, for the first quarter of 2014, compared to net income available to stockholders of $54.2 million, or $0.86 per share, for the same period last year.
Paul Eisman, CEO and President, commented, “The financial results compared to prior year are lower due to less favorable crude oil differentials and the resulting margins, but this was partially offset by excellent operational performance at Big Spring, where we had a total throughput of over 73,000 barrels per day. Relative to the fourth quarter of 2013, our first quarter results benefited from an improved Gulf Coast 3/2/1 crack spread driven predominantly by a strengthening in gasoline prices, but also from wider differentials for Midland-priced crudes. In addition, sweet crude oil in Midland is now discounted relative to sour crude, and we have adjusted our crude slate to take advantage of this by increasing the amount of sweet crude processed. Midland crude differentials widened further during the months of March and April, which will positively affect the cost of crude and refinery operating margin at Big Spring in the second quarter.
“During the second quarter, we intend to successfully execute the planned turnaround at the Big Spring refinery and also to complete the Vacuum Tower Revamp Project. This project will increase distillate yield, improve energy efficiency and allow us to better optimize our crude slate. For the second quarter, we currently expect throughput at the Big Spring refinery to average approximately 46,000 barrels per day as a result of the turnaround. We expect the refinery throughput to average 67,000 barrels per day for the year.
“At Krotz Springs, throughput in the first quarter was impacted by several ice storms and by a short outage in the first quarter to complete some maintenance work in the crude unit. Though the Brent to LLS spread narrowed in the first quarter, crude inventories on the Gulf Coast reached record-high levels in April. As crude inventories continue to grow, we expect LLS prices to trade at a sustainable discount to Brent, which should further enhance refinery operating margin at Krotz Springs. We expect to operate the Krotz Springs Refinery at 73,000 barrels per day in the second quarter, and at an average of 71,000 barrels per day for the year.
“On the West Coast, we continue to make progress with the permitting process for expansion of our Bakersfield rail terminal and refinery light crude modification project. Our permit application is out for public comment, and we expect to receive the permit in the coming months.
“The results from our retail marketing operations were impacted by seasonal weakness along with severe winter weather. However, we have seen improvement in the business, and expect our retail marketing division to continue to improve their results, as they have over the last several years.

- 1 -

The following information was filed by Alon Refining Krotz Springs, Inc. (ARKS) on Thursday, May 1, 2014 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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