New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 11, 2013
06:04 EDTTSO, MPC, VLOFederal ethanol mandate means higher costs for oil refiners, WSJ reports
The cost of complying with a federal mandate to use corn ethanol in fuel has increased sharply in the past few months, putting a squeeze on oil refiners, reports the Wall Street Journal. The price of each credit that refiners need under the law was over $1.00 on Friday, up from just a few cents last year. The new expenses "will have an impact on refinery margins," said Tom Kloza, chief oil analyst with the Oil Price Information Service. Reference Link
News For VLO;MPC;TSO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 28, 2015
07:43 EDTVLOValero reports Q1 ethanol operating income of $12M
Subscribe for More Information
07:43 EDTVLOValero reports Q1 Refining operating income $1.6B
Subscribe for More Information
07:42 EDTVLOValero reports Q1 EPS $1.87, consensus $1.67
Reports Q1 revenue $21.33B, consensus $15.37B
April 27, 2015
15:04 EDTVLONotable companies reporting before tomorrow's open
Subscribe for More Information
09:36 EDTVLOActive equity options trading on open
Subscribe for More Information
April 22, 2015
20:35 EDTTSOTesoro says Q1 impacted by work stoppages
Tesoro stated, "Q1 was impacted by work stoppages at the Anacortes, Washington and Los Angeles and Martinez, California refineries. Also during Q1, planned maintenance was performed at our Martinez, Anacortes and Salt Lake City, Utah refineries. The California region was the most significantly impacted by the work stoppage. The Martinez refinery was idled during February and March and production was impacted at the Los Angeles refinery. Compared 1Q14, California region throughput was lower by approximately 100,000 barrels per day, resulting in increased operating costs of more than $1 per barrel. The impact of the work stoppage and the planned turnarounds in Q1 resulted in a consolidated refining gross margin of $11.77 per barrel compared to the consolidated Tesoro Index of $16.71 per barrel. The combination of higher system throughput during January when margins were low, the work stoppage impact in February and March and inventory builds associated with the turnarounds resulted in lower capture rates for the quarter. We expect to realize a positive impact to system capture rates in Q2 as we are in the final steps of completing the planned maintenance."
20:27 EDTTSOTesoro backs FY15 adjusted EBITDA view of about $2.6B
Subscribe for More Information
20:27 EDTTSOTesoro backs Q2 adjusted EBITDA view of about $800M
Subscribe for More Information
20:26 EDTTSOTesoro reports Q1 adjusted EPS 98c, may not be comparable to consensus $1.85
Reports Q1 EPS $1.15. Adjusted EBITDA for Q1, excluding special items, was $489M compared to $362M last year. Greg Goff, chairman and CEO stated, "We managed through a very difficult Q1 which resulted from the labor disruption at our three West Coast refineries. Also during the quarter planned maintenance was performed at three refineries, including extended downtime at the Martinez refinery. As of the beginning of April, the labor disputes have been resolved and we are back on track to deliver on our stated 2015 business improvement objectives. We are very confident in our current 2015 Plan, which is consistent with consensus EBITDA estimates of approximately $800M for Q2 and $2.6B for FY15."
April 20, 2015
15:35 EDTMPC, VLO, TSOSenator to introduce legislation to repeal U.S. crude export ban, Fuelfix says
Senator Lisa Murkowski, the head of the Senate Energy and Natural Resources Committee, pledged during the IHS Energy CERAWeek conference to advance legislation lifting the U.S. ban on crude oil exports, reported Fuelfix. Publicly traded refiners include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
14:56 EDTMPC, VLO, TSOSenator to introduce legislation to repeal U.S. crude export ban, Reuter says
Subscribe for More Information
06:19 EDTVLO, TSO, MPCCiti still bullish on U.S. Refiners, Marathon Petroleum a top pick
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use