Key Developments: Tesoro Corp (TSO)

TSO on New York Consolidated

91.21USD
2 Jul 2015
Change (% chg)

$2.67 (+3.02%)
Prev Close
$88.54
Open
$88.52
Day's High
$91.65
Day's Low
$87.83
Volume
3,905,957
Avg. Vol
2,138,008
52-wk High
$94.83
52-wk Low
$55.59

Search Stocks

Latest Key Developments (Source: Significant Developments)

Tesoro Corp affirms Q2, FY 2015 EBITDA guidance
Wednesday, 22 Apr 2015 08:11pm EDT 

Tesoro Corp:Says that it still expect to achieve its FY 2015 plan, which is consistent with consensus EBITDA estimates of about $800 million for Q2 2015 and $2.6 billion for FY 2015.  Full Article

Tesoro Corp begins restart of martinez refinery
Friday, 27 Mar 2015 06:18pm EDT 

Tesoro Corp:Says the Martinez, California refinery has begun the restart process.Martinez, California refinery was in the final stages of major turnaround maintenance activity when the United Steelworkers Union (USW) issued a strike notice on Feb. 01.Safest option at that time was to safely idle the remaining operating units and transition to operating the facility as a terminal.Tesoro has also reached agreements with the local USW at its Carson, California and Anacortes, Washington refineries and employees at those refineries are returning to work.Local unions at the Mandan, North Dakota and Salt Lake City, Utah refineries are expected to vote on their respective contracts over the next few days.  Full Article

Tesoro Corp increases regular quarterly dividend
Wednesday, 11 Feb 2015 04:15pm EST 

Tesoro Corp:Approves an increase in the regular quarterly dividend by 40 pct to $0.425 per share.Payable on March 13 to all holders of record as of Feb. 27.Completed the previously existing $1.0 bln share repurchase program during 2014.Expects to continue to focus on opportunistic repurchases in 2015 under the new $1.0 bln share repurchase program authorized by the board of directors in July 2014.  Full Article

Tesoro Corp declares regular quarterly cash dividend
Thursday, 30 Oct 2014 07:54pm EDT 

Tesoro Corp:Says that board has declared regular quarterly cash dividend of $0.30 per share.Payable on Dec. 15, to all holders of record as of Nov. 28.  Full Article

Tesoro Logistics LP Closes acquisition of second portion of West Coast Logistics assets from Tesoro Corp
Tuesday, 30 Sep 2014 04:30pm EDT 

Tesoro Corp:Tesoro Corporation (Tesoro) and Tesoro Logistics LP (TLLP) announces that TLLP has closes remaining portion of acquisition of certain terminalling and pipeline assets (West Coast Logistics Assets) owned by Tesoro and certain of its subsidiaries.TLLP acquired Tesoro Alaska Pipeline Company LLC, which owns refined products pipeline located in Alaska, for total cash consideration of $28.6 mln, financed with borrowings under Partnership's revolving credit facility.In connection with closing of transaction, Tesoro and partnership entered into throughput agreement for pipeline, which includes minimum throughput commitment.  Full Article

Tesoro Corp announces CFO change - Form 8-K
Friday, 15 Aug 2014 04:44pm EDT 

Tesoro Corp:Says G. Scott Spendlove, the senior vice president and chief financial officer, will cease to serve as the principal financial officer effective Aug. 18.Says Spendlove will continue to serve as a senior vice president of the company through Aug. 31.Appoints Steven M. Sterin, as executive vice president and chief financial officer, effective Aug. 18.  Full Article

Tesoro Corp declares quarterly cash dividend
Wednesday, 30 Jul 2014 04:56pm EDT 

Tesoro Corp:Approved an increase in the regular quarterly dividend by 20 pct and declared a regular quarterly cash dividend of $0.30 per share.Payable on Sept. 15, to all holders of record as of Aug. 29.  Full Article

Tesoro Logistics LP reaches agreement with Tesoro Corporation to Acquire Certain Terminalling and Pipeline Assets
Monday, 23 Jun 2014 04:41pm EDT 

Tesoro Corporation and Tesoro Logistics LP:Says that Tesoro Logistics LP (TLLP) has reached an agreement with Tesoro Corporation (Tesoro) to acquire certain terminalling and pipeline assets (West Coast Logistics Assets) owned by Tesoro's subsidiaries.Under terms of the agreement, TLLP will acquire three marketing terminals, storage facility and refined products pipeline for total consideration of $270 mln.  Full Article

Tesoro Corp declares quarterly cash dividend
Tuesday, 29 Apr 2014 08:00pm EDT 

Tesoro Corp:Declared a regular quarterly cash dividend of $0.25 per share.Payable on June 13, to all holders of record as of May 30.  Full Article

Miller Energy Resources Inc's subsidiary announces trans-foreland pipeline agreement with Tesoro Corp's subsidiary
Wednesday, 12 Feb 2014 05:14pm EST 

Miller Energy Resources Inc:Says that its wholly-owned Alaskan subsidiary, Cook Inlet Energy (CIE) has entered into a Trans-Foreland Pipeline Development Agreement with Tesoro Alaska company (Tesoro Alaska) and the newly-formed Trans-Foreland Pipeline company.Tesoro Alaska company is a subsidiary of Tesoro Corp, and Trans-Foreland Pipeline company is a subsidiary of Tesoro Alaska company.Proposes Trans-Foreland Pipeline (TFPL) system would involve the construction of 23 miles of new crude oil pipeline in the Cook Inlet region of Alaska.Under the terms of the agreement, working with CIE, Tesoro will have the sole right to pursue the project until Dec. 31, 2015, after which time CIE acquires the option to re-acquire all interests in the project for $817,490 plus the cost of tangible equipment and property purchased.Says ifTesoro elects to pursue construction of the TFPL, the agreement contemplates Tesoro's acquiring from CIE about 8 miles of pipeline from Hilcorp's Trading Bay Production Facility to CIE's Kustatan Production Facility for an amount expected to be about equal to its replacement cost.  Full Article

Photo

Tesoro slams EPA biofuel plan as 'giant step' toward litigation

NEW YORK - U.S. oil refiner Tesoro Corp has slammed the U.S. government's proposal for renewable fuel use, signaling a lengthy legal fight may be in the cards ahead of the new quotas being finalized later this year.

Search Stocks