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Tesoro Corp (TSO.N)

TSO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tesoro Q1 EPS $0.42 from continuing operations
Monday, 8 May 2017 05:22pm EDT 

May 8 (Reuters) - Tesoro Corp ::Tesoro Corporation reports first quarter 2017 results.Q1 earnings per share $0.42 from continuing operations.Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Tesoro Corp - qtrly revenues $ 6,638 million versus $5,101 million.Tesoro- total refinery throughput for quarter,825 thousand barrels per day, 92% utilization, versus to 782 thousand barrels per day, 89% utilization for 2016.Tesoro Corp sees total capital expenditures for 2017 of approximately $1.1 billion.Tesoro Corp -expected turnaround expenditures for full year 2017 continue to be $360 million.  Full Article

Tesoro Logistics Q1 earnings per share $0.51
Monday, 8 May 2017 05:22pm EDT 

May 8 (Reuters) - Tesoro Logistics Lp ::Tesoro Logistics Lp reports first quarter 2017 results.Q1 earnings per share $0.51.Tesoro corp sees Q2 NGL sales 7.1 - 7.6 mbpd.Qtrly total revenues $420 million versus $300 million.Says continues to expect total 2017 net capital expenditures of $295 million.  Full Article

Tesoro CEO Gregory Goff's FY 2016 total compensation $18.2 mln vs $23.3 mln in FY 2015 - SEC filing
Wednesday, 22 Mar 2017 05:45pm EDT 

Tesoro Corp :CEO Gregory Goff's FY 2016 total compensation $18.2 million versus $23.3 million in FY 2015 - SEC filing.  Full Article

Tesoro Corp sees 2017 capital expenditures of about $1.2 bln
Monday, 6 Feb 2017 04:09pm EST 

Tesoro Corp : Tesoro Corporation reports fourth quarter and full year 2016 results . Q4 earnings per share $0.66 from continuing operations . Q4 earnings per share view $-0.14 -- Thomson Reuters I/B/E/S . Tesoro Corp sees 2017 capital expenditures of approximately $1.2 billion . Tesoro Corp Q4 revenue $ 6,652 million versus $ 6,273 million last year .Q4 revenue view $7.12 billion -- Thomson Reuters I/B/E/S.  Full Article

Tesoro re-files its Hart-Scott-Rodino Act notification with FTC and DOJ
Thursday, 12 Jan 2017 05:25pm EST 

Tesoro Corp : Tesoro Corp says on January 11, 2017, company re-filed its Hart-Scott-Rodino Act notification with FTC and DOJ in relation to plan of merger with western refining . Tesoro Corp - New waiting period under Hart-Scott-Rodino Act will expire on February 10, 2017, unless DOJ or FTC grants early termination of Hart-Scott-Rodino Act waiting period Source: (http://bit.ly/2jBsbnd) Further company coverage: [TSO.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tesoro Corp enters into an amendment and incremental facility agreement to existing credit facility
Tuesday, 13 Dec 2016 05:06pm EST 

Tesoro Corp : Tesoro Corp - Restated credit agreement increases aggregate commitments under existing credit agreement from $2.0 billion to $3.0 billion . Tesoro Corp - Entered into an amendment and incremental facility agreement to existing credit facility, dated as of September 30, 2016 .Tesoro Corp - Restated credit agreement provides for an incremental revolving facility in an aggregate principal amount of $1.0 billion.  Full Article

Tesoro Logistics to buy North Dakota energy assets for $700 million
Monday, 21 Nov 2016 04:10pm EST 

Tesoro Logistics Lp : Tesoro logistics lp - acquiring north dakota integrated crude oil and natural gas gathering and processing assets for $700 million . Tesoro logistics lp - acquired terminalling and storage assets in northern california from tesoro corporation for $400 million . Tesoro logistics lp - both transactions expected to be immediately accretive to unitholders . Tesoro logistics lp says tesoro to waive $100 million of incentive distribution rights (idrs) over next two years . Tesoro logistics lp - distribution growth for 2017 expected to be 12% to 15% . Tesoro logistics -north dakota gathering, processing assets expected to contribute $79 to $89 million of annual net earnings and $100 to $110 million of annual ebitda . Tesoro logistics lp - northern california terminalling and storage assets are expected to provide annual net earnings of $28 to $33 million . Tesoro logistics lp says in connection with acquisition, tesoro and tllp entered into long-term, fee-based storage and throughput and use agreements . Tesoro logistics lp -tllp is on target to achieve its 2017 goal of $635 million of net earnings and $1 billion of annual ebitda .Reg-Tesoro logistics investing $1.1 billion to strengthen position as a leading integrated midstream services company.  Full Article

Tesoro Corp sees 2017 capex of $870 mln - conf call
Thursday, 17 Nov 2016 09:51am EST 

Tesoro Corp : Looks to deliver $475 million-$575 million of annual improvement to operating income in 2017 - conf call . Expects 2017 capex to be down to $870 million , from previous forecast of $1.2 billion - conf call Further company coverage: [TSO.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tesoro sees Q4 refinery utilization at 90-96 pct - CONF CALL
Tuesday, 1 Nov 2016 09:46am EDT 

Tesoro Corp: Says expects Q4 refinery utilization between 90 percent and 96 percent . Expects 2017 capex to be down $400-$500 million from previous forecast of $1.7 billion . Says looked at opportunities to acquire assets that would fit into its integrated business model . Says will continue to evaluate opportunities as they become available Further company coverage: [TSO.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Tesoro Q3 earnings per share $1.43 from continuing operations
Monday, 31 Oct 2016 04:41pm EDT 

Tesoro Corp : Tesoro Corp qtrly total refining throughput was 873 thousand barrels per day and utilization was 98% . Tesoro Corp - looks to delivering $400 to $500 million of annual improvements to operating income in 2016 . Tesoro Corp - continues to expect year-over-year improvements from higher utilization and operational efficiencies of $400 to $500 million for FY . Tesoro Corp - sees FY total capital expenditures $900 million . Qtrly revenue $ 6,544 million versus $7,743 million last year . Tesoro Corp sees Q4 throughput 805 - 855 mbpd . Tesoro Corporation reports 2016 third quarter results . Q3 earnings per share $1.43 from continuing operations .Q3 earnings per share view $1.42 -- Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Tesoro Q1 EPS $0.42 from continuing operations

* Q1 earnings per share view $0.31 -- Thomson Reuters I/B/E/S