Northern Tier Energy Q4 Adjusted Net Income Improves

The oil refiner sees an improvement in the annual result.

Eric Volkman
Eric Volkman
Mar 14, 2013 at 10:33AM
Energy, Materials, and Utilities

Northern Tier Energy (UNKNOWN:NTI.DL) has reported Q4 results,  showing a top line of $1.2 billion, up from the $1.1 billion in the same period the previous year. Adjusted net income improved over that time span. It was $99.1 million ($1.08 per diluted unit), an improvement over Q4 2011's net loss of $18.1 million.

Analysts had been expecting revenue of $1.1 billion and EPS of $1.45 for the most recent quarter.

For the full year, top line was $4.7 billion, which topped the 2011 figure of $4.3 billion. Adjusted net profit increased greatly, coming in at $283.9 million for the year against 2011's $14.4 million.

Editor's note: A previous version of this article incorrectly characterized the Q4 YOY change in adjusted net income as a decline.