First Quarter 2014 Earnings Conference Call and Webcast May 06, 2014
Q1 2014 Financial Results; Select Balance Sheet & Cash Flow Data ( in millions, except per unit data) Consolidated Financial Results Q1 2014 Q1 2013 Net Income 71.5 119.4 Operating Income 77.8 132.2 Adjusted EBITDA1 102.6 156.9…
Key Refining Performance Metrics Gross Margin1 Throughput ( per throughput barrel) (millions of barrels) 8.3 7.7 25.85 18.08 Group 3 Benchmark Crack Spread2 Direct Operating Expenses3 ( per throughput barrel) 27.63…
Cash Available for Distribution Reconciliation ( in millions) For the 3 months ending March 31, 2014 Net income 71.5 Adjustments: Interest expense 6.2 Income tax provision 0.1 Depreciation and amortization 9.9 EBITDA subtotal…
Q2 14 Operating and Capex Guidance Q2 2014 Low High Refinery Statistics: Bakken (bpd) 58,000 60,000 Synthetic (bpd) 18,000 20,000 Western Canadian Select (bpd) 11,000 13,000 Total throughput (bpd) 87,000 93,000 Total refined…
Adjusted Net Income & Adjusted Earnings per Unit Reconciliation ( in millions, except per unit data) Q1 2014 Q1 2013 Net Income 71.5 119.4 Adjusted for Special Items: Reorganization and Related Costs 9.4 0.4 Equity Based…
Refining Gross Product Margin Per Barrel of Throughput Reconciliation ( in millions, unless otherwise indicated) Q1 2014 Q1 2013 Refinery Revenue 1,243.6 1,018.6 Refinery Costs of Sales 1,092.9 820.0 Refinery Gross Product…