While Tesoro (NYSE:TSO) did miss on normalized earnings per share this past quarter, coming in at $1.34 rather than the expected $1.41, in this video, Motley Fool energy analyst Joel South looks at other positives to highlight from the company's earnings report. The company was able to increase revenue to $8.2 billion in addition to improving margins due to the current availability of cheap WTI-benchmarked crude. Joel also discusses Tesoro's plan to gain a long-term competitive advantage by securing discounted feedstock for its West Coast refineries. 

Joel South has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.