Fourth Quarter and Full Year 2014 Earnings Conference Call and Webcast February 26, 2015
Q4 and Full Year 2014 Financial Results Selected Balance Sheet & Cash Flow Data ( in millions, except per unit data) Consolidated Financial Results Q4 2014 Q4 2013 Full Year 2014 Full Year 2013 Net Income 16.0 20.6 241.6 231.1…
Key Refining Performance Metrics Gross Margin1 Total Refinery Throughput ( per throughput barrel) (thousands of barrels per day) 91.96 93.53 20.07 19.15 18.04 15.60 79.84 75.46 11.54 15.91 Q4 2014 Q4 2013 Full Year 2014…
Cash Available for Distribution Reconciliation ( in millions) For the three months ended December 31, 2014 Net income 16.0 Adjustments: Interest expense 7.5 Income tax provision 3.6 Depreciation and amortization 11.1 EBITDA…
Q1 15 Operating and Capex Guidance Q1 2015 Low High Refinery Statistics: Bakken (bpd) 54,000 55,000 Synthetic (bpd) 10,000 11,000 Western Canadian Select (bpd) 24,000 25,000 Crude oil charge (bpd) 88,000 91,000 Total throughput…
Adjusted Net Income & Adjusted Earnings per Unit Reconciliation ( in millions, except per unit data) Full Year Full Year Q4 2014 Q4 2013 2014 2013 Net Income 16.0 20.6 241.6 231.1 Adjusted for Special Items: Reorganization…
Operating Income Reconciliation ( in millions, except per unit data) Full Year Full Year Q4 2014 Q4 2013 2014 2013 Operating Income 27.1 33.8 275.3 246.1 Adjusted for Special Items: Lower of Cost or Market Inventory Adjustment…
Refining Gross Product Margin Per Barrel of Throughput Reconciliation ( in millions, unless otherwise indicated) Q4 2014 Q4 2013 Full Year 2014 Full Year 2013 Refinery Revenue 942.0 1,180.9 5,097.7 4,536.0 Refinery Costs of Sales…
Reconciliation of Desalter Project Annual Net Income to Annual Forecasted EBITDA ( in millions, unless otherwise indicated) Annual Forecasted Net Income1 20.5 Add: Estimated Depreciation and Amortization 1.5 Annual Forecasted…