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Tesoro Corp (TSO)

TSO on New York Consolidated

92.28USD
23 Jun 2017
Change (% chg)

$1.22 (+1.34%)
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Latest Key Developments (Source: Significant Developments)

Paul Foster reports 5.3 pct stake in Tesoro as of June 1 - SEC filing
Thursday, 8 Jun 2017 03:36pm EDT 

June 8 (Reuters) - Paul L. Foster::Paul L. Foster reports 5.3 percent stake in Tesoro Corp as of June 1, 2017 - SEC filing.  Full Article

Tesoro completes Western Refining acquisition and provides additional info on combined operations
Thursday, 1 Jun 2017 04:16pm EDT 

June 1 (Reuters) - Tesoro Corp ::Tesoro - committed to achieving initially announced expected eps accretion of 10 pct to 13 pct in 2018 from deal, first full year of operations of combined co.Tesoro Corp - is "confident" in delivering an expected $350 to $425 million in annual synergies with this run rate expected to be achieved by June 2019​.Tesoro Corp - ‍in 2017, to delivering an estimated $475 million to $575 million of annual improvements in operating income​.Tesoro- ‍for 2017, now expects total capital expenditures of approximately $1.35 billion, consisting of approximately $1.0 billion at Tesoro​.  Full Article

Tesoro Corp, Tesoro Logistics to change names to Andeavor and Andeavor Logistics, respectively, on Aug. 1
Thursday, 1 Jun 2017 07:04am EDT 

June 1 (Reuters) - Tesoro Corp :Tesoro Corporation and Tesoro Logistics LP announce new names.Co, Tesoro Logistics will change their names to Andeavor and Andeavor Logistics LP, respectively, on Aug. 1, 2017.Tesoro Corp - on Aug. 1, Andeavor common shares to begin trading on NYSE under ticker symbol ANDV.Tesoro Corp - on Aug. 1 Andeavor Logistics LP common units will begin trading on NYSE under ticker symbol ANDX.Tesoro- Does not intend to make Andeavor name part of its retail portfolio, which will include about 3,000 locations after western refining acquisition.Tesoro Corp - after Aug. 1 Andeavor will continue to license Tesoro brand to retail stations that currently utilize it.  Full Article

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

More From Around the Web

Judge throws out fines against Tesoro for deadly refinery blast

HOUSTON A Washington state administrative judge threw out $2.4 million in fines levied against refiner Tesoro Corp for a 2010 explosion that claimed the lives of seven workers at the company's Anacortes, Washington, refinery.