Wed, May 4, 5:37 PM
Tue, May 3, 5:35 PM
- AGO, ALDW, ALIM, ALJ, ALL, ANDE, ARCW, AREX, ARRS, ATO, AUY, AWK, AWR, BNFT, BREW, BRKR, CB, CBPO, CCRN, CDI, CECO, CENT, CF, CLR, CODI, CONE, CPE, CPSI, CSII, CSOD, CTL, CTLT, CUZ, CW, CWST, CXO, CXW, DAC, DOX, DPM, DVA, ECR, EPM, EQC, EQIX, ES, ETE, ETP, EXEL, FEIC, FICO, FIT, FLT, FLTX, FNV, FOXA, FRPT, FRSH, FRT, GDDY, GDOT, GHDX, GIL, GPOR, GTY, HABT, HASI, HDP, HIL, HIVE, HOS, HR, HRTG, HUBS, IAC, INFI, IO, IRG, JONE, KHC, KND, KONA, KTOS, KW, LGCY, LHCG, LNC, LNT, LPI, LPSN, LXU, MAA, MASI, MATX, MCHP, MCK, MED, MET, MHLD, MNR, MRO, MTRX, MTW, MUR, NCMI, NLY, NVAX, OHI, OME, ORA, OREX, OSUR, PAA, PAGP, PDLI, PE, PEIX, PHH, PNNT, PRI, PRU, QRVO, QUIK, RICE, RIG, RLJ, RLYP, RP, RRTS, RST, RYN, SBY, SKUL, SQNM, SRC, SUN, SWM, SXL, SZYM, TASR, TCAP, TEAR, THG, TLLP, TPC, TPUB, TRIP, TROX, TSLA, TSLX, TSO, TWO, VECO, VNDA, VRNS, WBMD, WFM, WFT, WGL, WMB, WMGI, WPG, WPX, WTI, WTS, WTW, XEC, XOXO, YUME, ZNGA
Thu, Apr. 28, 7:17 PM
- Q1 earnings reports illustrate the end of U.S. refiners' years-long boom from cheap and plentiful crude, Reuters reports, as rising oil inventories and weak demand hurt profits and pushed revenues to their lowest in years.
- PBF Energy (NYSE:PBF) and CVR Energy (NYSE:CVI) reported respective quarterly losses of $66.5M and $68M (I, II), while Marathon Petroleum (NYSE:MPC) eked out a $1M profit following earnings of nearly $900M a year ago, and reported their weakest revenue totals in at least four years.
- Refiners "were incentivized to run at higher rates and put more barrels in inventory. That's the overhang we're seeing right now," CVR CEO Jack Lipinski said in today's earnings conference call.
- PBF also coped with downtime at its Delaware plant because of a weather-related power outage in January.
- Phillips 66 (NYSE:PSX) is scheduled to report Q1 results tomorrow, with Valero Energy (NYSE:VLO), Tesoro (NYSE:TSO) and others coming next week.
- Now read The best of the best in the refining industry
Tue, Feb. 2, 12:26 PM
- Tesoro (NYSE:TSO) plunges to a 52-week low after reporting Q4 earnings of $1.83/share, $0.24 worse than analyst consensus estimate of $2.07, on revenues of $6.27B, down 25.7% Y/Y and above the $5.92B consensus.
- TSO's refining income plunged to just $4M in Q4 from $90M a year ago, hurt by unplanned downtime at its Los Angeles refinery; total refinery throughput for the quarter was 807K bbl/day (95% utilization), roughly flat Y/Y.
- Q4 direct manufacturing costs were $5.62/bbl, up $0.78/bbl from Q3, primarily due to unplanned repairs and maintenance.
- TSO says it expects to deliver $400M-$500M of improvements in 2016 through driving operational improvements and growth in its logistics and marketing business segments.
- TSO -7.7%.
Sun, Jan. 31, 5:35 PM
Oct. 28, 2015, 6:37 PM
- Tesoro (NYSE:TSO): Q3 EPS of $6.48 beats by $0.46.
- Revenue of $7.74B (-30.6% Y/Y) beats by $640M.
- Shares +2.3% AH.
Oct. 27, 2015, 5:35 PM
- ABX, ACGL, AEM, AF, AFFX, AFOP, AMGN, ANIK, AR, ARII, ARRS, ASGN, ATML, BANC, BLKB, BWLD, CACI, CAVM, CBL, CGI, CHDN, CLI, CMO, CMPR, CNL, CNO, CNW, CRUS, CSGP, CW, CWT, DRE, DYAX, ECHO, ELLI, EPR, EQIX, EQY, ESIO, ESRT, ESV, EXR, FFIV, FMC, FORM, FORR, FR, GPRO, HBI, HLS, HOS, HT, HUBG, HY, INT, INVN, ISIL, KEX, KRA, KS, LNC, LOCK, LOPE, MAA, MANT, MAR, MC, MEOH, MMLP, MTGE, MTW, MUR, NE, NEM, NGD, NSIT, NTRI, NVDQ, NXPI, O, OCN, OGS, OII, ORLY, OTEX, PLXS, PPC, PRXL, PSA, PTC, QDEL, QEP, QGEN, QUIK, REG, ROG, ROVI, RRC, SCI, SGI, SGMO, SIMO, SPN, SPRT, SPWR, SSS, STAA, SU, TAL, THG, THRX, TILE, TLLP, TSO, TTMI, UNM, VAR, VECO, VRTX, WDC, WES, WGP, WLL, WMB, WSTL, WTS, YELP
Aug. 5, 2015, 5:02 PM
- Tesoro (NYSE:TSO): Q2 EPS of $4.62 beats by $0.60.
- Revenue of $8.2B (-26.1% Y/Y) beats by $1.4B.
- Shares +2.9% AH.
Apr. 23, 2015, 6:58 AM
- Tesoro (NYSE:TSO): Q1 EPS of $0.98 may not be comparable to consensus of $1.85.
Feb. 11, 2015, 5:39 PM
- Tesoro (NYSE:TSO): Q4 EPS of $1.46 misses by $0.05.
- Revenue of $8.45B (-16.5% Y/Y) misses by $450M.
- Shares -2% AH.
Feb. 10, 2015, 5:35 PM
- ABCO, ACHC, AEM, AMAT, AMBR, AUY, BIDU, CAKE, CJES, CPA, CRAY, CSCO, CSOD, CTL, CVA, CXW, CYS, DDR, DIOD, EFC, EFX, EXL, FET, FEYE, FORR, GAS, HIVE, HNI, HOS, IO, ITRI, LPSN, MET, NSIT, NTAP, NTWK, NU, NVDA, OII, PNRA, PPC, QDEL, REG, SCSS, SKX, SLF, SPRT, STMP, SWM, TAL, TCX, TRIP, TSLA, TSO, TTGT, WFM, ZEN, ZU
Oct. 31, 2014, 3:17 PM
- Tesoro (TSO +5.4%) jumps more than 5% after the oil refiner reported Q3 earnings that easily beat expectations on better than expected refining margins, higher than estimated refining throughput, and record retail performance.
- Cowen raises its TSO target price to $90, saying the company's refining segment outperformed in all regions with throughputs 60K bbl/day higher than it estimated, and the retail segment beat operating income estimates by $100M on margins 100% higher than anticipated.
- Shares are upgraded to Outperform at Howard Weil, which cites California synergies and YTD business improvements of $390M, on pace to exceed FY 2014 guidance of $370M-$430M.
Oct. 31, 2014, 12:19 AM
- Tesoro (NYSE:TSO): Q3 EPS of $3.05 beats by $0.89.
- Revenue of $11.15B (-0.8% Y/Y) misses by $180M.
Jul. 30, 2014, 6:55 PM
- Tesoro's (NYSE:TSO) Q2 earnings missed Wall Street expectations but a 2013 expansion of California operations and improved synergies helped produce a 9% Y/Y increase in earnings from continuing operations.
- Q2 revenues rose 25% Y/Y to $11.1B, well above consensus, but cost of sales widened to $9.87B from $7.91B.
- Estimates FY 2014 capital spending, excluding Tesoro Logisitcs (NYSE:TLLP), of $625M, a 7% reduction from prior guidance; TLLP capex is now seen at ~$200M, up 25% reflecting expected spending related to the construction of the Connolly Gathering System and the Anacortes truck rack.
- Gross refining margin fell to $13.35/bbl from $14.75 during the prior-year period.
- Hikes its quarterly dividend to $0.30 from $0.25 and announces a $1B stock repurchase program.
Jul. 30, 2014, 5:44 PM
- Tesoro (NYSE:TSO): Q2 EPS of $1.70 misses by $0.12.
- Revenue of $11.1B (+24.7% Y/Y) beats by $1.32B.
Tesoro Corp. engages in the refining and marketing of petroleum products. It operates through three segments: Refining, TLLP and Retail. The Refining segment sells refined products to unbranded marketers and opportunistically exports refined products to foreign markets. The TLLP segment owns,... More
Sector: Basic Materials
Industry: Oil & Gas Refining & Marketing
Country: United States
Other News & PR