Profile: Alon USA Energy Inc (ALJ.N)
13.09USD
3:07pm EDT
$-0.30 (-2.24%)
$13.39
$13.35
$13.37
$13.01
46,033
145,133
$21.24
$10.85
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the United States. The Company’s crude oil refineries are located in Texas, California, Oregon and Louisiana and have a combined throughput capacity of approximately 250,000 barrels per day. The Company’s refineries produce petroleum products including various grades of gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products.The Company operates in three segments: refining and unbranded marketing, asphalt and retail and branded marketing.
Refining and Unbranded Marketing
The Company’s refining and unbranded marketing segment includes sour and heavy crude oil refineries that are located in Big Spring, Texas; and Paramount, Bakersfield and Long Beach, California, and a light sweet crude oil refinery located in Krotz Springs, Louisiana. It refers to the Paramount, Bakersfield and Long Beach refineries together as its California refineries. These refineries have a combined throughput capacity of approximately 240,000 barrels per day. At its refineries the Company refines crude oil into petroleum products, including gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products, which are marketed primarily in the South Central, Southwestern and Western United States. As of December 31, 2011, the Company’s Big Spring refinery has a crude oil throughput capacity of 70,000 barrels per day and is located on 1,306 acres in the Permian Basin in West Texas. The Company’s Big Spring refinery include fluid catalytic cracking, naphtha reforming, vacuum distillation, hydrotreating and alkylation units.
The Company’s Big Spring refinery produces sulfur gasoline, sulfur diesel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt and other petroleum products. During the year ended December 31, 2011, gasoline accounted for approximately 49.1% of its Big Spring refinery’s production. In 2011, diesel and jet fuel accounted for approximately 32.3% of its Big Spring refinery’s production. Asphalt accounted for approximately 7.1% of its Big Spring refinery’s production, in 2011.The Company produces propane, propylene, certain aromatics, specialty solvents and benzene for use as petrochemical feedstocks, along with other by-products such as sulfur and carbon black oil. The Company primarily utilizes six product terminals in Big Spring, Abilene, Orla, Southlake and Wichita Falls, Texas and Duncan, Oklahoma to market transportation fuels produced at its Big Spring refinery.
As of December 31, 2011, the Company’s Paramount refinery had a crude oil throughput capacity of 54,000 barrels per day and is located on 63 acres in Paramount, California. The Bakersfield refinery is located on approximately 600 acres in Bakersfield, California, with a nameplate capacity of approximately 70,000 barrels. The Company’s California refineries produce California reformulated gasoline blendstock for oxygenate blending (CARBOB) gasoline, California Air Resources Board (CARB) diesel, jet fuel, asphalt and other petroleum products. In 2011, these refineries converted approximately 57.1% of crude oil into products such as gasoline, diesel and jet fuel, and 32.6% converted to asphalt, fuel oil and sulfur. In 2011, the remaining 10.2% of production was sold as unfinished feedstocks to other refineries and third parties.
In 2011, CARBOB gasoline accounted for approximately 22.8% of its California refineries’ production. In 2011, CARB diesel, sulfur diesel, Jet A and military fuels accounted for approximately 17.2% of its California refineries’ production. In 2011, asphalt accounted for approximately 29.4% of its California refineries’ production. Approximately 70.3% of its California refineries’ asphalt production is paving grades and 29.4% is roofing asphalt. The Company produces liquefied petroleum gas (LPG), naphtha, unfinished distillates, fuel oil and gas oils used as refinery feedstocks, along with other by-products, such as sulfur and fuel oil. The Paramount refinery utilizes the Line 145 product pipeline and its Line 166 pipelines to ship products to the Kinder Morgan product terminal in Carson, California.
Asphalt
In addition to gasoline and distillates, the Company’s California and Big Spring refineries produce quantities of vacuum tower bottoms (VTB), which its utilizes to produce asphalt. In 2011, approximately 7.1% of the Company’s Big Spring refinery’s production and 29.4% of its California refineries' production was asphalt. Asphalt produced by its California and Big Spring refineries is transferred to the asphalt segment at prices substantially determined by reference to the cost of crude oil, which is intended to approximate wholesale market prices. The Company’s Willbridge refinery is an asphalt topping refinery located on 42 acres in the industrial section of Portland, Oregon, with a crude oil throughput capacity of 12,000 barrels per day. Alternatively, it operates the Willbridge facility as an asphalt terminal and supply it with asphalt produced at the California refineries or purchased from third parties.
Including the Willbridge refinery, the Company’s asphalt segment includes 11 refinery/terminal locations in Texas (Big Spring), California (Paramount, Long Beach, Elk Grove, Bakersfield and Mojave), Washington (Richmond Beach), Arizona (Phoenix and Flagstaff) and Nevada (Fernley) (50% interest), as well as a 50% interest in Wright Asphalt Products Company, LLC (Wright). In 2011, its asphalt segment sold asphalt produced at its refineries in Texas and California primarily as paving asphalt to road and materials manufacturers and highway construction/maintenance contractors, as ground tire rubber (GTR), polymer modified or emulsion asphalt to highway maintenance contractors, or as roofing asphalt to either roofing shingle manufacturers or to other industrial users. During 2011, Wright obtained approximately 28.2% of its asphalt requirements from its refineries and terminals.
Retail and Branded Marketing
The Company’s retail and branded marketing segment operates convenience stores and markets motor fuels. In November 2011, it introduced the Alon design and logo which will replace the FINA brand at all of its locations served by its branded marketing segment. As of December 31, 2011, it operated 302 owned and leased convenience store sites primarily in Central and West Texas and New Mexico. The Company’s convenience stores offer various grades of gasoline, diesel fuel, food products, tobacco products, non-alcoholic and alcoholic beverages and general merchandise to the public. The Company’s supply contract with CoreMark was entered into in January 2012. During 2011, approximately 50% of its retail merchandise sales were purchased from McLane Company, Inc. The Company markets motor fuels under the Alon and FINA brand names to distributors servicing approximately 640 locations, including its convenience stores. Approximately 62.4% of its branded fuel sales are in West Texas and Central Texas.
During 2011, the Company sold 368.4 million gallons of branded motor fuel for distribution to its retail convenience stores and other retail distribution outlets. In 2011, approximately 91% of Alon’s branded marketing operations, including retail operations, were supplied by its Big Spring refinery. The Company sells motor fuel to its retail locations and to approximately 22 third-party distributors, who then supply and sell to retail outlets. In addition to a license to use the brands, the Company also provides payment card processing services, advertising programs and loyalty and other marketing programs to 47 distributors supplying approximately 230 additional stores.
The Company competes with Valero, Chevron, ExxonMobil, Shell, ConocoPhillips, Tesoro, U.S. Oil, Western, San Joaquin Refining, Ergon, Holly, NuStar Energy LP, Chevron, ConocoPhillips, Susser, Alimentation Couche-Tard Inc., Western Refining, Wal-Mart, Kroger and Costco.
Company Address
Alon USA Energy Inc
Suite 1600, 12700 Park Central D
DALLAS TX 75251
P: +1972.3673600
F: +1302.6555049
Company Web Links
| Name | Compensation |
|---|---|
David Wiessman |
1,218,330 |
Paul Eisman |
699,944 |
Jeff Morris |
785,698 |
Shai Even |
1,104,770 |
James Ranspot |
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