DUBLIN
, Ireland, Research and Markets
(http://www.researchandmarkets.62 earnings per share.61, compared
to $0.59 $0.56 $11.77
Group III (N) 9.7 30,188 48.01
$. We believe
this measure provides investors with an enhanced perspective of
the
operating performance of our company relative to other companies in
our
industry.4)% 63.
(Q) Total refinery production represents the barrels per day of various
finished products produced from processing crude and other refinery
feedstocks
through the crude units and other conversion units at
Alon's refinery.
desiccants catalysts
; Darwish, Naif A
.3 million net proceeds from our initial public offering
contributed to this increase.5% as of December
31, 2004. Not only was the margin
environment exceptional, but we also reaped rewards from our sour
crude
processing capabilities and our successful expansion project. This is truly extraordinary
.37 per share, in addition to our regular quarterly cash dividend of
$0. Alon USA
markets gasoline
and diesel products under the FINA brand name and is a
leading producer of asphalt in the State of
Texas.0
Total refinery
production 71,865 100.3%
95.2% 33.superabsorbents xinli
Synthetic Carbons Derived from a Styrene-Divinylbenzene Copolymer
Using
Phosphoric Acid Activation
Authors: Puziy, A.; Martinez-Alonso, A.M. Net income for
the fourth quarter
2005 excluding the effects of the after-tax gain would have been a record
$28. Refinery production
increased to an average of 64,393 barrels per day in 2005, compared to an
average of 61,372 barrels per day in 2004.4% as of December 31, 2005, compared to
63.82
$7.2 55,269 87.2 3,697 6.0
Total refinery
throughput
(P) 64,755 100.5
Asphalt 5,824 9.20 $1.carbons zeolyst
D.; Suarez
-
Garcia, F.com/reports/c18385
Laura Wood
Senior Manager
Research and
Markets
press@researchandmarkets. Refinery production increased to an average of
71,865
barrels per day in the fourth quarter 2005, compared to an average of
62,230 barrels per day in the
fourth quarter 2004.alonusa. A web cast archive will also be available at
http://www.com . Forward
-looking statements reflect
Alon's current expectations regarding future events, results or outcomes
.
These expectations may or may not be realized. In
addition, Alon's business and operations involve
numerous risks and
uncertainties, many of which are beyond Alon's control, which could result in
Alon's expectations not being realized or otherwise materially affect Alon's
financial condition
, results of operation and cash flows.03
Refinery direct
operating expenses (M)
4.45 $6.1
Total refinery
throughput (P) 72,456 100.5
2,449 4.
For the Three Months Ended For the Year
Ended
December 31, December 31,
2005 2004 2005 2004
(in thousands
, except for per share data)
Net income $29,682 $2,247 $103,988
$25,132
Less: Gain on
disposition of
assets, net of tax (834)
--- (23,890) (103)
Adjusted income $28,848 $2,247 $80,098
$25,029
Weighted average common
equivalent shares
outstanding
46,731 35,001 39,889 35,001
Earnings per share
excluding after-tax
gain on disposition
of assets $. Motor fuel margins are frequently used
in the retail
industry to measure operating results related to motor fuel sales.carbons silica
2 million
for the fourth
quarter 2004, an increase of $27.
The increase in net income for the fourth
quarter 2005 over the fourth
quarter 2004 was primarily attributable to continued strong industry
refining
margins in the fourth quarter of 2005 and increased refinery production as a
result of
the expansion of the Big Spring refinery's crude oil throughput
capacity and the major turnaround
completed in the first quarter 2005.
The increase in net income for the year ended December 31
, 2005 over the
year ended December 31, 2004 was primarily attributable to the higher refining
margin
environment, favorable differentials between WTI and WTS crude oil
("WTI/WTS") and increased overall
refinery production as a result of the crude
oil capacity expansion and the major turnaround completed
in the first quarter
2005.62 per barrel in
2005, compared to an average of $3. For the year,
we generated over $102 million of free cash flow
from operations, or almost $4.97 3.66
11.3 3,479 5.6 20,684 33.7% 96.
(F)
The following provides a reconciliation of net income under GAAP to
net income utilized
in determining earnings per common share, basic
and diluted, excluding the after-tax gain
on disposition of assets.0 million net
proceeds received in the HEP transaction. Adsorbents
are solid materials that interact with chemical substances in a gas or liquid phase, but do not chemically
convert these substances.
vineeth kocatepe
newscom. Company Schedules Conference Call for March 8, 2006 at 1:30 P
.8 million of after-tax
gain recognized on disposition of assets ("after-tax gain") relating to the
contribution of certain pipeline and terminal assets to Holly Energy Partners,
L. 2005 earnings
per share were
$2.46 per barrel compared to an average of $4. EST, to discuss the fourth quarter
and full year 2005 results. AND SUBSIDIARIES CONSOLIDATED EARNINGS RELEASE
RESULTS OF OPERATIONS
- FINANCIAL DATA
(ALL INFORMATION IN THIS PRESS RELEASE IS UNAUDITED)
For the Three Months Ended For the Year Ended
December
31, December 31,
2005 2004 2005 2004
(dollars in thousands, except
for per share and per barrel data)
CONSOLIDATED
STATEMENT OF OPERATIONS
DATA:
Net sales (A) $682,032 $469,276 $2,328,507 $1,707,564
Operating
costs and
expenses:
Cost of sales (A) 574,917 411,938 1,990,338 1,469
,940
Direct operating
expenses 30,584 20,928 93,843
75,742
Selling, general and
administrative
expenses (B) 21
,488 21,664 73,219 73,554
Depreciation and
amortization (C)
5,613 4,905 20,935 19,064
Total operating costs
and expenses
632,602 459,435 2,178,335 1,638,300
Gain on disposition of
assets
(D) 1,348 --- 38,591 175
Operating income 50
,778 9,841 188,763 69,439
Interest expense (4,747) (6,125)
(19,326) (23,704)
Equity earnings in HEP 353 --- 1,086 --
-
Other income, net 2,426 70 4,775 277
Income before
income tax
expense, minority interest
in income of subsidiaries 48,810 3,786
175,298 46,012
Income tax expense 17,284 1,293 65,518 18
,315
Income before minority
interest in income of
subsidiaries 31
,526 2,493 109,780 27,697
Minority interest in income
of subsidiaries
1,844 246 5,792 2,565
Net income $29,682
$2,247 $103,988 $25,132
Earnings per share, basic
and diluted (E)
$.61 $.4)% 63.5%
RESULTS OF OPERATIONS - FINANCIAL DATA
(ALL
INFORMATION IN THIS PRESS RELEASE IS UNAUDITED)
For the Three Months
Ended For the Year Ended
December 31, December 31
,
2005 2004 2005 2004
(dollars in thousands, except
for per barrel data
and pricing statistics)
REFINING AND MARKETING SEGMENT
STATEMENT OF OPERATIONS
DATA:
Net sales $637,195 $424,606 $2,147,390 $1,523,850
Operating costs and
expenses:
Cost of sales 544,013 382,342 1,866
,536 1,342,426
Direct operating
expenses 30,584 20,928
93,843 75,742
Selling, general and
administrative expenses 8,757 8
,742 22,932 23,679
Depreciation and
amortization 3,758
3,596 14,464 13,392
Total operating costs
and expenses
587,112 415,608 1,997,775 1,455,239
Gain on disposition of
assets
1,348 --- 38,628 ---
Operating income $51,431
$8,998 $188,243 $68,611
KEY OPERATING STATISTICS
AND OTHER DATA:
Total sales volume (bpd) 93,980 86,203 87,251 85,950
Non-integrated marketing
sales volume (bpd) (K) 19,577 19,932 20,335 19,926
Non-integrated
marketing
margin (per barrel of
sales volume) (K) $0.30 $8.02
WTI less WTS (sweet/sour
spread)(O) 5.5 4,516 7.0
4,232 6.4
Petrochemicals 4,256 6.9
Fuel sales price (dollar
per gallon) (U) $2. Our management believes that the presentation
of
Adjusted EBITDA is useful to investors because it is frequently
used by securities analysts
, investors and other interested parties
in the evaluation of companies in our industry
. This information is presented because our management
believes that the net debt-to-capitalization
ratio provides
investors a meaningful measurement for evaluating changes in our
capital structure and liquidity, and in assessing the availability
of cash for investing
activities and the ability to incur additional
indebtedness. We compare our refinery operating
margin to these
crack spreads to assess our operating performance relative to other
participants in our industry. Catalysts interact with chemical substances and induce reaction
of these substances, without themselves being converted.
They are typically used in separation processes
, for example to remove impurities.
catalysts kocatepe
Recent issues have included studies of the
pore structure and
surface chemistry of active carbons, discussions of the
application of the Dubinin-Radushkevich equation
, the effect of cation-
exchange on the sorption properties of zeolites, studies of the isosteric
and
differential heats of gas adsorption on microporous active carbons, and
investigations of
high-area manganese oxides by nitrogen adsorption.
Jeff Morris, Alon's President and CEO, commented
, "We are very pleased
with our fourth quarter and full year 2005 results.03
Per barrel of
throughput:
Refinery operating
margin (L) $13.2 63. On August
2, 2005, Alon completed an initial public
offering of 11,730,000 shares of its common stock
. Industry-wide refining
results are driven and measured by the margins between refined
product prices and the prices for crude oil, which are referred to
as crack
spreads.taiyuan silicates
M.com
Fax: +353 1 4100 980
M.
(NYSE: ALJ) ("Alon") today announced record
net income of $29.9 million after-tax gain recognized in connection with
the HEP transaction discussed
above was a record $80.35 per barrel.
"On February 15, 2006, we announced a special cash dividend
payment of
$0.0 63,264 100.8 28,711 46.8
Diesel/jet
21,903 34.85 $2.9% 35. The
transaction was recorded as a partial
sale for accounting purposes.
(O) WTI/WTS or sweet/sour spread represents the differential
between the
average value per barrel of WTI crude oil and the average value per
barrel of WTS crude oil.
(S) Cost of sales includes inter-segment purchases of motor
fuels from
our refining and marketing segment at prices which approximate
market prices.carbons zeolyst
; Al-Jahmani, Ya'rub Y.
For more information visit
http://www.7 million
shares of common stock issued in our
initial public offering on August 2, 2005. We look forward
to
continued success in 2006 with primary emphasis on completion of our Low
Sulfur Diesel upgrades
and growth opportunities.
To access the call, please dial (800) 218-0204, or (303) 262-2139 for
international
callers, and ask for the Alon USA Energy call at least
10 minutes prior to the start time.3%
For the Year Ended
2005 2004
Bpd % Bpd
%
THROUGHPUT AND PRODUCTION
DATA:
Refinery throughput:
Sweet
crude 5,072 7. Free cash flow is not
necessarily comparable to similarly
titled measures of other
companies.adsorbents vineeth
77 per barrel for 2004.7 million at
December 31,
2004. The Company also operates
convenience stores in West Texas and New Mexico under the 7-Eleven
and FINA
brand names and supplies motor fuels to these stores from its Big Spring
refinery.51
5.62 4.4
Blendstocks 5,451 7.
(E) Weighted average
common shares outstanding and earnings per common
share amounts for the periods presented
reflect the effect of a
33,600-for-one split of Alon's common stock which was affected
on
July 6, 2005.72
(G) 2005 cash flow used in investing activities include
$155. We believe that the presentation of free cash flow per
barrel is a useful indicator
of financial performance.xinli carbons
45 per barrel compared to an average of $6.
WTI/WTS crude oil differentials
increased to an average of $4.9 million provided by
operating activities, together with $118.7 million
, Alon's net debt-to-
capitalization ratio was negative 211. We set new
records for our financial
results, but I am most pleased with our cash flow
performance.com shortly after the call and will
be accessible for
approximately 90 days.29 5.2% 33.
(D) Gain on disposition
of assets reported in 2005, reflects the initial
pre-tax gain recognized in connection
with assets contributed in the
February 28, 2005 HEP transaction and recognition of deferred
gain
recorded in the ten months following the transaction.
(H) Adjusted EBITDA
represents earnings before minority interest, income
tax expense, interest expense, depreciation
, amortization and gain
on dispositions of assets.
(M) Refinery direct operating
expense is a per barrel measurement
calculated by dividing direct operating expenses, exclusive
of
depreciation and amortization, by our Big Spring Refinery's total
throughput
volumes. Hart, Senior Vice President
Alon USA Energy, Inc.kocatepe silicates
06 for the fourth quarter
2004.56 per barrel for
the fourth quarter 2004.97 per barrel in 2004. Following this dividend payment
, the repayment of our
$100 million Term B facility in January 2006 and the successful sale of our
idle Amdel pipeline to Sunoco on March 1, 2006 for $68 million, we expect to
have more than $250
million of cash with which to grow.com , by
logging onto that site and clicking "Investors. Some
of these expectations may
be based upon assumptions or judgments that prove to be incorrect.18
$(1.46 $4.62 3.8 5,294 8.0
Refinery utilization (R)
95.0
Refinery production (Q):
Gasoline 29,499
45.6 4,492 7.
Adjusted EBITDA has limitations as an analytical tool
, and you
should not consider it in isolation, or as a substitute for analysis
of our results as reported under GAAP. The non-integrated
marketing margin represents
the margin between the net sales and
cost of sales attributable to our non-integrated refined
products
sales volume expressed on a per barrel basis.
(L) Refinery operating
margin is a per barrel measurement calculated by
dividing the margin between net sales
and cost of sales, exclusive
of depreciation and amortization, attributable to our refining
and
marketing segment, exclusive of net sales and cost of sales relating
to
our non-integrated system, by our Big Spring refinery's total
throughput volumes.Manufacturers
and suppliers of catalysts and adsorbent materials.
They are commonly divided into heterogeneous catalysts
(solids that are not soluble in the reaction media), and homogeneous catalysts (which are miscible or
soluble in the reaction media).
Catalysts and adsorbents are closely related because they share similar
surface properties, and are often manufactured by the same companies.
superabsorbents sieve
A Computer Simulation Study
Authors: Wongkoblap, A.; Tascon, J.3 million to
$132.04 per share. Additional
information
regarding these and other risks is contained in Alon's filings
with the Securities and Exchange Commission
.62 $.59 3.0
Blendstocks 4,040 6.1 5,781
9.0%
For the Three Months Ended For the Year Ended
December 31, December 31,
2005
2004 2005 2004
(dollars in thousands except for
per gallon data)
RETAIL SEGMENT
STATEMENT OF OPERATIONS
DATA:
Net sales
$75,993 $75,635 $326,537 $301,491
Operating costs and
expenses:
Cost of sales (S) 62,060 60,561 269,222 245,291
Selling, general
and
administrative expenses 12,623 12,727 49,796 49,286
Depreciation
and
amortization 1,367 1,124 4,557 4,192
Total
operating costs
and expenses 76,050 74,412 323,575 298,769
Gain (loss) on disposition
of assets --- --- (37)
175
Operating (loss) income $(57) $1,223 $2,925 $2,897
KEY
OPERATING STATISTICS
AND OTHER DATA:
Number of stores (end of
period)
167 167 167 167
Fuel sales (thousands of
gallons
) 17,942 24,048 87,714 97,541
Fuel sales (thousands of
gallons per site per month) 36 49 45 49
Fuel margin (cents
per
gallon) (T) 17.3 68 65
Merchandise margin (V
) 32.43 $4.
For the Year
Ended
December 31,
2005 2004
(dollars in thousands)
Total debt $132,390
$187,706
Less: Cash, cash equivalents
and short-term investments
(322,140) (63,357)
Net debt $(189,750)
$124,349
Stockholders' equity $279,493 $71,472
Total
capitalization $89,743 $195,821
Net debt to capitalization
(211.
Contacts: Claire A.taiyuan zhaoyuan
D. Earnings per
share for the fourth
quarter and year ended December 31, 2005 include the
effect of the additional 11.0 million net proceeds
from the HEP
transaction and $72. Investors may also listen to the
conference live on the Alon
USA corporate website, http://www.0 61,664 100.0
Total refinery
production 64,393 100.62 $. Alon calculates the
Gulf Coast 3
/2/1 crack spread using the market values of Gulf Coast
conventional gasoline and low-sulfur
diesel and the market value of
WTI crude oil.
(T) Fuel margin represents the difference
between motor fuel revenues
and the net cost of purchased fuel, including transportation
costs
and associated motor fuel taxes, expressed on a cents per gallon
basis
.catalysts carbons
Research and Markets: A Study Devoted to Adsorption and the Desorption Phenomena
researchandmarkets
.0 million, compared to net income of $25.72 for 2004.alonusa.06 $2.43 $4.3
Other 2,911 4. Included in cost of sales are amounts which
approximate the revenues resulting from these transactions.6 million
investments in short
-term, highly liquid debt instruments for the
three months ended December 31, 2005 and
$185. Free cash flow
should not be considered in isolation or as an alternative to net
income or operating income, as an indication of our operating
performance
or as an alternative to cash flow provided by operating
activities or as a measure of liquidity
.desiccant silicas
; Do, D.
Adsorption Behaviour of Tween80 on Graphite
Authors: Qing-Feng, Hou; Xian
-Cai, Lu; Bo-Xing, Hu; Jian, Shen
Adsorption Characteristics of o-Phthalic Acid and its Separation
by Resins
from Maleic Acid and Fumaric Acid in Wastewater
Authors: Zhenghao, Fei; Mujun, Wang;
Jinlong, Chen; Yue, Sun; Aimin, Li;
Quanxing, Zhang
On the Reduction of Ammonia from the
Waste of Alpine Houses
Authors: Al-Asheh, Sameer; Bischof, Franz
Exchange Behaviour
of Amorphous AlPO4 towards Cu2+ Ions
Authors: Javid, Muhammad; Mustafa, Syed; Zaman, Muhammad
Iqbal; Gul, Rana
Adsorption of p-Dihydroxybenzene from Single, Binary and Ternary Aqueous
Systems onto Activated Charcoal
Authors: Halhouli, Khalil A."
The Company has scheduled
a conference call for tomorrow, March 8, 2006,
at 1:30 p.06 $2.89 $6.44 8.1
14.9 12.39 $1.76
Merchandise sales $33,059 $31,125 $133
,305 $130,117
Merchandise sales (per
site per month) 67.
(B) Includes
corporate headquarters selling, general and administrative
expenses of $108, $195, $491
and $589, for the three months and the
year ended December 31, 2005 and 2004, respectively
, which are not
allocated to our two operating segments.
The following
table sets forth our calculation of free cash flow and
free cash flow per barrel of refinery
throughput:
For the Three Months Ended For the Year Ended
December 31, December 31,
2005 2004 2005 2004
(in thousands, except
for per barrel data)
Cash flow from
operating activities $105,413 $47,215 $137
,895 $76,743
Capital expenditures (5,466) (9,176) (23,034) (27,301)
Turnaround and
chemical catalysts (670) (624) (12,041) (2,322)
Free cash flow from
operations ("FCF") $99,277 $37,415 $102,820 $47,120
Total refinery
throughput bpd 72,456 63,264 64,755 61,664
Number of days in
period 92 92 365 366
Total refinery
throughput (bpd x
number of days)
(in thousands)
6,666 5,820 23,636 22,569
Free cash flow per
barrel (FCF / total
refinery throughput) $14.
(P) Total refinery throughput represents the total of crude
oil and
blendstock inputs in the refinery production process.
(U) Fuel sales price
per gallon represents the average sales price for
motor fuels sold through our retail segment
(V) Merchandise margin represents the difference between merchandise
sales revenues
and the delivered cost of merchandise purchases, net
of rebates and commissions, expressed
as a percentage of merchandise
sales revenues.desiccant hongda
Example Volume 23, Issue 1, February
2005
Invited Contribution
Adsorption of Lennard-Jones Fluids in Carbon Slit Pores
of a Finite
Length.5 million.P.01
earnings per share.1 million at December 31, 2005, compared
to
$63.01 $.
(C) Includes corporate depreciation and amortization of $488, $185,
$1,914 and $1,480, for the three months and the year ended
December 31, 2005
and 2004, respectively, which are not allocated to
our two operating segments.
Because of these limitations, Adjusted EBITDA should not be
considered a measure
of discretionary cash available to us to invest
in the growth of our business. Free cash
flow per
barrel is not a recognized measurement under GAAP.09
(J) The following
is a reconciliation of our net debt-to-capitalization
ratio.hongda vocs
(Logo: http://www
.I. EST
DALLAS, Alon USA Energy, Inc.64, compared to $0.9 million, or $0. In 2005, the Gulf
Coast 3-2-1 crack spread increased to an average of
$11.7 million to $322. Cash of $137.4 million
at December 31, 2005, compared to $187. As a result of Alon's cash, cash equivalents and short-
term
investments exceeding debt by $189.9 1,832 3.0 53,646 87.
Our management believes that the presentation of earnings per common
share, basic and
diluted, excluding the after-tax gain on
disposition of assets is useful to investors because
it provides a
more meaningful measurement of operating performance for evaluation
of our Company's results and for comparison to other companies in
our industry
. These inter-segment sales are eliminated through
consolidation of our financial statements
.
adsorbents desiccant
Net income for the year ended December 31,
2005 excluding the $23.
The following
table reconciles net income to Adjusted EBITDA for the
three months and year ended December
31, 2005 and 2004,
respectively:
For the Three Months
Ended For the Year Ended
December 31, December 31
,
2005 2004 2005 2004
(dollars in thousands)
Net income $29,682 $2,247
$103,988 $25,132
Minority interest 1,844 246 5,792 2,565
Income tax expense 17,284 1,293 65,518 18,315
Interest expense
4,747 6,125 19,326 23,704
Depreciation and
amortization
5,613 4,905 20,935 19,064
Gain on disposition
of assets
(1,348) --- (38,591) (175)
Adjusted EBITDA $57,822
$14,816 $176,968 $88,605
(I) Free cash flow per barrel represents cash flow
from operations less
capital expenditures, including turnaround and chemical catalyst
costs divided by total refinery throughput.
(N) A 3/2/1 crack spread in a given region
is calculated assuming that
three barrels of crude oil are converted, or cracked, into
two
barrels of gasoline and one barrel of diesel.
(R) Refinery utilization represents
average daily crude oil throughput
divided by crude capacity, excluding planned periods
of downtime for
maintenance and turnarounds.taiyuan hongda
; Junpirom, S.; Poddubnaya, O.
Net income
for the fourth quarter 2005 included $0.9 million.1 million, or $2. For
the fourth quarter 2005
, the Gulf Coast 3-2-1 crack spread increased to an
average of $11.72
Weighted average shares
outstanding (E) 46,731 35,001 39,889 35,001
CASH FLOW
DATA:
Net cash provided by
(used in):
Operating activities $105,413 $47
,215 $137,895 $76,743
Investing
activities (G) (161,572) (9,811
) (106,962) (39,886)
Financing activities (315) (7,751) 42,530 19
,244
BALANCE SHEET DATA
(end of period):
Cash, cash equivalents
and
short-term investments $322,140 $63,357
Working capital
275,996 44,443
Total assets
758,780 472,516
Total debt 132,390 187
,706
Stockholders' equity 279,493 71,472
OTHER
DATA:
Adjusted EBITDA (H) $57,822 $14,816 $176,968 $88,605
Capital
expenditures 5,466 9,176 23,034 27,301
Capital expenditures for
turnarounds and catalysts 670 624 12,041 2,322
Free cash flow per
barrel (I) $14.09
Net debt to capitalization
ratio (J)
(211.97
For the Three
Months Ended
December 31,
2005 2004
Bpd %
Bpd %
THROUGHPUT AND PRODUCTION
DATA:
Refinery throughput:
Sweet crude 3,111 4.0 62,230 100.1 17.3 million for
the year
ended December 31, 2005, partially offset by $118. In addition, our
management believes that Adjusted EBITDA is useful in evaluating our
operating performance
compared to that of other companies in our
industry because the calculation of Adjusted
EBITDA generally
eliminates the effects of minority interests, interest expense,
income taxes and dispositions of assets and the accounting effects
of capital expenditures
and acquisitions, items which may vary for
different companies for reasons unrelated to
overall operating
performance. We exclude net sales and cost of sales from our
non-integrated system because the refined products we sell in this
system are not
produced at our refinery. Merchandise margins, also referred to as in-store
margins, are
commonly used in the retail industry to measure in-
store, or non-fuel, operating results
.desiccants adsorbents
, headquartered in Dallas, Texas, is an independent
refiner and marketer of petroleum products, operating
primarily in the
Southwestern and South Central regions of the United States.64 $.60
3.0
Sour crude 55,643 86.0
Refinery utilization (R)
94.06 $2. Alon calculates the Group 3/2/1 crack spread using
the market
values of Group III conventional gasoline and low-sulfur
diesel and the market value of
WTI crude oil.desiccant hongda
7 million for
the fourth quarter 2005, compared to net income of $2. Fourth quarter
2005 earnings per
share were $0.4 million at December 31, 2004.m.0
Refinery production
(Q):
Gasoline 35,007 48.5
Petrochemicals 4,282
6.0 19,939 32.5%
Capital expenditures $581 $524 $3
,484 $3,134
(A) Our buy/sell arrangements involve linked purchases and sales related
to refined product contracts entered into to address location or
grade requirements
.35 $2. The refined products we sell in this region
are obtained from third-party
suppliers.desulfurization vineeth
com/reports/c18385 ) has announced the addition
of Adsorption Science and Technology to
their offering.com/cgi-bin/prnh/20040820/RESEARCH )
Adsorption Science + Technology is a journal
devoted to studies of
adsorption and desorption phenomena, which publishes original research papers
and critical review articles, with occasional special issues relating to
particular topics and
symposia.1 million for the year ended
December 31, 2004, an increase of $78. Total debt was reduced
by $55." A telephonic replay of the
conference call will be available through, March 22, 2006 and
may be accessed
by calling (800) 405-2236, or (303) 590-3000 for international callers, and
using
passcode 11050672.
Alon USA Energy, Inc.
Any statements in this press release that
are not statements of historical
fact are forward-looking statements.
ALON USA ENERGY
, INC.35 $2.32) $0.5
Diesel/jet 23,436 32. The shares
issued in our initial public offering are included in number of
weighted average
shares outstanding for the three months and the
year ended December 31, 2005.89
$6.
972-367-3649
Investors: Jack Lascar/Sheila Stuewe
DRG+E / 713-529-6600
Media: Blake Lewis
Lewis
Public Relations
214-269-2093
desiccant silicas
Net income for the year ended December
31, 2005 was a record
$104.
Alon's cash, cash equivalents and short-term investments increased
$258. The Company owns
and operates a sophisticated sour crude oil refinery in Big Spring, Texas
,
which has a crude oil throughput capacity of 70,000 barrels per day.72
Earnings per share
, basic
and diluted, excluding
after-tax gain on
disposition of assets (F)
$.20 $12.36
Turnaround, chemical
catalysts and capital
expenditures
$5,287 $9,226 $31,121 $25,877
PRICING STATISTICS:
Crack
spreads (3/2/1)
(per barrel):
Gulf Coast (N) $11.8
Other
3,515 4. Some of these limitations
are:
* Adjusted
EBITDA does not reflect our cash expenditures or
future requirements for capital expenditures
or contractual
commitments;
* Adjusted EBITDA does not reflect the
interest expense or the
cash requirements necessary to service interest or principal
payments on our debt;
* Adjusted EBITDA does not reflect the prior
claim that minority
stockholders have on the income generated by our non-wholly-
owned subsidiaries;
* Adjusted EBITDA does not reflect changes in or cash
requirements for our working capital needs; and
* Our calculation
of Adjusted EBITDA may differ from the EBITDA
calculations of other companies in our
industry, limiting its
usefulness as a comparative measure. We compensate for these
limitations
by relying primarily on our GAAP results and using Adjusted EBITDA
only supplementally. However, the
amounts included in the calculation are derived
from amounts
presented separately in our consolidated financial statements, with
the exception of the refinery throughput volume.superabsorbents carbons
Alon USA Reports Most Profitable Annual and Fourth
Quarter Results in Company History
("HEP") in the first quarter of 2005. For more information,
please contact Donna Washburn at
DRG+E at (713) 529-6600 or email dmw@drg-e.5
Sour crude
63,894 88.2
Asphalt 5,625 7.8 4,321
7.0 61,372 100. Adjusted EBITDA is not a recognized
measurement under
GAAP; however, the amounts included in Adjusted
EBITDA are derived from amounts included
in our consolidated
financial statements.5%
(K) The non-integrated marketing
sales volume represents refined
products sales to our wholesale marketing customers located
in our
non-integrated region.vocs alumina
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