Q3 2010 Earnings Call – Tesoro Corporation

Tesoro Corporation · Nov 5, 2010 · 7 slides

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Slides

Third Quarter 2010 Earnings Slides November 5, 2010
4Q 2010 Guidance Pacific Mid- Mid- Northwest Pacific Continent California Throughput (mbpd) 100110 6575 110120 230240 Opex (/bbl) 5.85 3.25 3.25 7.55 in millions, unless noted Corporate/System Refining Depreciation 92…
Net Income/(Loss) in millions Net Income / (Loss) per share EPS (Diluted) 67 56 0.47 0.39 33 0.24 (155) (1.11) (179) (1.30) 3Q 2009 4Q 2009 1Q 2010 2Q 2010 3Q 2010 3Q 2009 4Q 2009 1Q 2010 2Q 2010 3Q 2010 in millions, except…
3Q 2010 Gross Margin Reconciliation Reported Gross Revised Gross /bbl, unless noted Margin LIFO Hedge* Margin** California WC 3-2-1*** 15.58 15.58 Capture Rate**** 88% 87% Gross Margin**** 13.74 - 0.15 13.59 Pacific Northwest PNW…
3Q 2010 Cash Flow in millions 15 (110) 238 5 339 191 Beginning Cash EBITDA Working Capital Capital Interest* & Ending Cash & Other Expenditures & Taxes Turnaround *Interest paid is net of capitalized interest. 6
Throughput by Refining Region Pacific Northwest Mid-Pacific MBPD MBPD 180 70 66 155 150 60 60 53 120 50 90 80 64 40 60 30 30 3Q 2009 3Q 2010 Guidance 3Q 2010 Actual 3Q 2009 3Q 2010 Guidance 3Q 2010 Actual…
Operating Expense by Refining Region Pacific Northwest Mid-Pacific /bbl /bbl 12.00 4.50 10.23 10.00 3.93 4.00 3.75 8.00 7.45 3.50 3.26 6.00 3.00 4.00 3.04 2.00 2.50 3Q 2009 3Q 2010 Guidance 3Q 2010 Actual 3Q 2009 3Q 2010…