* Q1 adj loss $0.91/shr vs est loss $0.95/shr
* Q1 rev $579.3 mln vs $613.2 mln * Sees Krotz Springs
refinery opening in May
May 6 Independent refiner and marketer of
petroleum products Alon USA Energy Inc (ALJ.N) reported a
narrower-than-expected quarterly loss, partly helped by retail
The company, whose Krotz Springs refinery has been shut
down since November 2009, said the facility is expected to be
back in full operation in the second half of May. Net loss for
the first quarter was $52.9 million, or 98 cents a share,
compared with net income of $17.4 million, or 37 cents a share
a year ago. Excluding items, the company reported a loss of 91
cents a share.
Net sales were down 20 percent at $579.3 million.
Analysts on average were expecting the company to post a loss
of 95 cents a share, before items, on revenue of $613.2
million, according to Thomson Reuters I/B/E/S. Retail fuel
sales increased by 16 percent to 32.7 million gallons while
branded fuel sales increased by 6 percent to 70.5 million
gallons in the first quarter.
Shares of the company closed at $6.80 Thursday on the New
York Stock Exchange.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by