Second Quarter 2015 Earnings Conference Call and Webcast August 4, 2015
Q2 Financial Results Selected Balance Sheet & Cash Flow Data ( in millions, except per unit data) Consolidated Financial Results Q2 2015 Q2 2014 Net Income 128.9 57.9 Adjusted Net Income1 90.7 61.4 Operating Income 139.3 65.6…
Key Refining Performance Metrics Gross Margin1 Total Refinery Throughput ( per throughput barrel) (thousands of barrels per day) Group 3 Benchmark Crack Spread2 Direct Operating Expenses3 ( per barrel) ( per throughput barrel)…
Cash Available for Distribution Reconciliation ( in millions) For the three months ended June 30, 2015 Net income 128.9 Adjustments: Interest expense 7.5 Income tax provision 2.9 Depreciation and amortization 10.8 EBITDA…
Q3 2015 Operating and Capex Guidance Q3 2015 Low High Refinery Statistics: Total crude oil charge (bpd) 96,000 98,000 Other throughput (bpd) 1,500 Total throughput (bpd) 96,000 99,500 Heavy crude oil throughput percentage of total…
Adjusted Net Income & Adjusted Earnings per Unit Reconciliation ( in millions, except per unit data) Q2 2015 Q2 2014 Net Income 128.9 57.9 Adjusted for Special Items: Lower of Cost or Market Inventory Adjustment (38.2)…
Operating Income Reconciliation ( in millions) Q2 2015 Q2 2014 Operating Income 139.3 65.6 Adjusted for Special Items: Lower of Cost or Market Inventory Adjustment (38.2) Reorganization and Related Costs 3.5 Operating Income…
Refining Operating Information Per Barrel of Throughput Reconciliation ( in millions, unless otherwise indicated) Q2 2015 Q2 2014 Refinery Gross Margin per Barrel of Throughput Refinery Revenue 839.8 1,486.7 Refinery Costs of Sales…