Alon USA Energy Earnings: Everything You Must Know Now

Alon USA Energy, Inc. (NYSE:ALJ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Alon USA Energy, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 49.06% to $0.27 in the quarter versus EPS of $0.53 in the year-earlier quarter.

Revenue: Decreased 12.24% to $1.68 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Alon USA Energy, Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $1.57 billion.

Quoting Management: Paul Eisman, CEO and President, commented, “Our Big Spring refinery had an excellent operational quarter recording its highest ever quarterly crude throughput of 70,807 barrels per day with total throughput of 72,124 barrels per day. We experienced a sharp decline in the WTI to WTS spread, declining approximately $11 per barrel for the second quarter compared to first quarter of 2013. The Gulf Coast 3/2/1 crack spreads declined by approximately $7 per barrel for the second quarter compared to first quarter of 2013. We are focused on opportunities to improve our assets and are planning a project that will be implemented during the Big Spring turnaround in 2014 that will increase overall distillate yield by 2% and will also increase total refinery throughput by 3,000 barrels per day.

Key Stats (on next page)…

Revenue increased 1.54% from $1.65 billion in the previous quarter. EPS decreased 66.25% from $0.80 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.55 to a profit $0.19. For the current year, the average estimate has moved down from a profit of $1.79 to a profit of $1.24 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)