Alon USA Sees Fourth-Quarter 2014 Profits Triple, Eyes Possible Restart of Bakersfield Refinery

SUGAR LAND--March 9, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Noting record throughput at its refinery in Big Spring, Texas, Alon USA Energy Incorporated (NYSE:ALJ) (Dallas, Texas) reported $42.1 million in fourth-quarter net income, up from $13.5 million in the same quarter of 2013. The company said it achieved the earnings gain despite weaker crude spreads. The refiner posted fourth-quarter net sales of more than $800 million, compared with $878.5 million in fourth-quarter 2013. Industrial Info is tracking 23 Alon USA projects worth $359.5 million.

Within this article: Details on quarterly earnings and projects for Alon USA Energy Incorporated, including the expansion of a rail car unloading facility at a refinery in California.