Q2 2015 Highlights S Safe and reliable operations; strong throughput at El Paso and Gallup S Adjusted EBITDA of 355 million S Western Standalone: 218 million S WNRL: 27 million S NTI: 110 million S Completion of TexNew Mex…
Refining Operating Metrics 1 Gross Margin Direct Operating Expenses Operating Margin ( per throughput barrel) ( per throughput barrel) ( per throughput barrel) 25 25 25 20.95 20.01 17.09 El Paso 15.84 3.86 4.17 0 0…
Q1 2015 to Q2 2015 Consolidated Cash Flow Bridge 1,200 1,000 355 2 138 800 33 66 millions 79 600 67 55 612 587 400 200 0 1 2 Cash and Adjusted Payments Cash Taxes Dividends CAPEX Change in NTI and Change Cash…
Capital Structure As of June 30, 2015 ( millions) WNR Western1 Consolidated Standalone Total Cash and Restricted Cash 2 612 406 Western Revolving Credit Facility Term Loan, due 2020 542 542 6.25% Senior Unsecured Notes due…
Q3 2015 Guidance Operations St. Paul Park El Paso Gallup (NTI) Total Throughput (mbpd) 135 - 139 25.5 - 27.5 96 - 99.5 Direct Operating Expenses (/Bbl) 4.00 - 4.25 8.50 - 8.75 4.55 - 5.05 Other ( millions) Western NTI WNRL…
Appendix
Reconciliation of Special Items Three Months Ended June 30, 2015 2014 (In thousands, except per share data) Reported diluted earnings per share 1.40 1.56 Income before income taxes 292,302 283,974 Unrealized loss (gain) on…
Consolidated Adjusted EBITDA Reconciliation Three Months Ended June 30, 2015 2014 (In thousands) Net income attributable to Western Refining, Inc. 133,919 156,696 Net income attributable to non-controlling interest 79,948 33,871…
Consolidated Adjusted EBITDA Reconciliations Twelve Months Three Month Period Ending Ended (In Thousands) Consolidated Western Refining, Inc. Sep 2014 Dec 2014 Mar 2015 Jun 2015 Jun 2015 Net income attributable to Western Refining,…
Consolidating Adjusted EBITDA Reconciliations Last Twelve Months June 30, 2015 Western WNR Standalone NTI WNRL Consolidated (In thousands) Net income attributable to Western Refining, Inc. 385,614 130,841 41,137 557,592 Net income…
Western Standalone Crack Spread Hedge Positions As of June 30, 2015 Offsetting Volume Hedged % of Planned Mark-to-Market Price1 Unrealized (000 barrels) Production Hedged Strike Price June 30, 2015 Gain Positions Period Gasoline…
Western Standalone Hedging Gain/(Loss) As of June 30, 2015 ( millions) Total Hedging Period Realized Gain/(Loss) Realized Gain / (Loss) Crack Spread Inventory/Other Q1 2015 17.1 0.4 17.5 Q2 2015 18.1 (7.4) 10.7 Total Hedging…
Consolidated Unrealized Hedging Gains and Losses 1 (millions) Balance Sheet Fair Value Income Statement Period Beg. Of Period End of Period Unrealized Gain (Loss) 2014 Q1 (64.5) 9.5 74.0 Q2 9.5 54.9 45.4 Q3 54.9 71.9 17.0…
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