Revenue Update on Alon USA Partners LP(NYSE:ALDW)

Alon USA Partners LP(NYSE:ALDW) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $509.009M. Analysts estimated a revenue of $478.010M. The revenues were 6.49% above the estimates. Earnings per share were $0.01. The reported EPS was below estimates by -80%. Analysts had estimated an EPS of $0.05.

Alon USA Partners LP (ALDW) made into the market gainers list on Wednesdays trading session with the shares advancing 1.67% or 0.16 points. Due to strong positive momentum, the stock ended at $9.72, which is also near the day’s high of $9.78. The stock began the session at $9.5 and the volume stood at 1,15,515 shares. The 52-week high of the shares is $14.97 and the 52 week low is $7.63. The company has a current market capitalization of $608 M and it has 6,25,20,220 shares in outstanding.

Several Insider Transactions has been reported to the SEC. 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.

Add Comment