Northern Tier Energy Swings to Profit in Q1, Declares Payout

Northern Tier Energy (NYSE: NTI  ) revenue totaled slightly over $1.1 billion in the first quarter, an improvement over the $999 million in the same period the previous year, the company announced this week.

The bottom line landed in the black, to the tune of $119 million ($1.30 per diluted unit), up from Q1 2012's net loss of $194 million.

Northern Tier Energy also declared a dividend for Q1. The company is to hand out $1.23 per common unit. This will be dispensed on May 30 to holders of record as of May 23. That amount is the lowest of the three distributions the firm has paid since going public in the summer of 2012.

link


Read/Post Comments (2) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 14, 2013, at 12:42 PM, jdarden wrote:

    I bought this and NKA for the dividend, so far they've held up even with an anti energy president.

    Can O bring energy to a halt?

  • Report this Comment On May 15, 2013, at 12:14 PM, tomd728 wrote:

    J...the O man has already taken a big cut out of the energy recovery and distribution business with his shortsighted and idealist action on the Key pipeline.

    Fortunately our crucial natural resources in oil and gas have only another 3 1/2 years to put up with his meddling.

    In brief the answer is no and NTI would appear to be outside his purview with the actions thus far.Were this sorry administration to go after the refining and distribution of gasoline,diesel,jet fuel,home heating # 2 etc. the problems the O man faces now with Benghazi..IRS...etc. would pale in comparison.

Add your comment.

DocumentId: 2429197, ~/Articles/ArticleHandler.aspx, 7/31/2014 8:58:49 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement