Our integrated downstream business operates primarily in the south central and southwestern regions of the united states. We would like to show you a description here but the site wont allow us. That compares to deleks debt to ebitda ratio of just 2. By virtue of the delekalon merger, we acquired an 81. Mar 30, 2016 after 32 years, partners book distributing will stop shipping orders on friday, april 1. Teens come together to share experiences to find effective ways to cope with problems. Delek us holdings dk expects closing of alon partners aldw. Delek us holdings dk expects closing of alon partners aldw acquisition to occur on february 7. The baupost group buys a small position in alon usa partners. Located on the atchafalaya river in central louisiana, the refinery has access to crude from waterborne barge, pipeline, railcar and truck. Aldw is the king of the hill in terms of dividend yield for klarmans portfolio, with a current annual yield of 14. The krotz springs refinery has a throughput capacity of 74,000 barrels per day and a nelson complexity of 8. Headquartered in brentwood, tennessee, delek us holdings, inc. The best highyield dividend stocks of 2017 markets.
Alon usa partners lp master limited partnership description including k1 and tax status, operating regions, subordinated shares, incentive distribution rights, management teams and insider transactions. Aldw files an 8k completion of acquisition or disposition of assetsitem 2. Delek us holdings announces closing the acquisition of the. Generally, the words we, our and us include alon usa partners, lp and its subsidiaries the partnership as consolidated subsidiaries of alon usa energy, inc. This agreement and plan of merger this agreement, dated as of november 8, 2017 the execution date, is entered into by and among delek us holdings, inc. Contact us global distribution newswire services regulatory filings media partners. Delek us expects the closing of the acquisition to occur.
Alanon members are people, just like you, who are worried about someone with a drinking problem. So far in 2015, alon usa energy, hollyfrontier, and valero energy have outperformed both the energy sector and the broader market by a wide margin. The convenience store retail business is the largest 7eleven licensee in the united states and operates approximately 300 convenience stores in central and west texas and new mexico. Alon s commitment to education has enabled the big spring school district to build the alon technology center where teachers and students receive training and conduct workshops. Alon usa partners, lp, is a delaware limited partnership formed in august 2012 by alon usa energy, inc. Prior to alon, she covered the integrated majors and refiners at raymond james as a senior associate in the firms equity research division. Get breaking news and analysis on alon usa partners aldw stock, price quote and chart, trading and investing tools. This report also includes a sample foreign distribution contract. The company spun off its 70,000 barrelsperday big spring refinery in west texas with the initial public offering of alon usa partners lp aldw, in which it holds an 81. Alon energy to own, operate and grow our strategically located refining and petroleum products marketing business. On november 8, 2017, alon usa partners aldw announced a merger agreement with delek us holdings dk in which delek will acquire all the aldw shares it doesnt already own. Jan 08, 2018 the convenience store retail business is the largest 7eleven licensee in the united states and operates approximately 300 convenience stores in central and west texas and new mexico. Alon is listed in the worlds largest and most authoritative dictionary database of abbreviations and acronyms the free dictionary. Alon usa partners, lp aldw stock message board investorshub.
Alon usa partners, lp alon is engaged principally in the business of operating a crude oil refinery in big spring, texas. Feb 07, 2018 contact us global distribution newswire services regulatory filings media partners. This asset purchase agreement this agreement dated as of february 26, 2018, is made and entered into by and among alon usa partners, lp, a delaware limited partnership aldw, alon usa gp ii, llc, a delaware limited liability company gp ii, alon usa delaware, llc, a delaware limited liability company alon delaware, alon usa refining, llc, a delaware limited. Cracker barrel pinnacle financial partners smiledirectclub tivity health tractor.
Alon doesnt have to pay corporate taxes as long as its profits are paid out to its unitholders as a quarterly distribution. Alon usa energy alj owns refineries in louisiana and california that have a combined nameplate capacity of 144,000 barrels per day. About alon usa partners alon usa partners, lp is a delaware limited partnership in which delek us currently owns 100 percent of the general partner and approximately 81. Dk, is an independent refiner and marketer of petroleum products, operating primarily in the western and southcentral regions of the united states. Alon partners owns and operates a crude oil refinery in big spring, texas with total throughput capacity of approximately 70,000 barrels per day. Aldw represents a rare opportunity to capitalize on scarcity of transportation infrastructure in permian basin which is coupled with advantages of owning a captive distribution system. Alon usa partners, lp ipo research information ipo boutique. They are a delaware limited partnership formed in august 2012 by alon usa energy, inc. Oilrefining master limited partnership alon usa partners lp nyse. Allstock transaction at a fixed exchange ratio of 0. Nov 09, 2017 on november 8, 2017, alon usa partners aldw announced a merger agreement with delek us holdings dk in which delek will acquire all the aldw shares it doesnt already own.
Alj to own, operate and grow our strategically located refining and petroleum products marketing business. Alon owns 100 percent of the general partner and 81. Alon usa partners, lp is a delaware limited partnership formed in august 2012 by alon usa energy, inc. Jul 02, 2014 alon usa energy alj owns refineries in louisiana and california that have a combined nameplate capacity of 144,000 barrels per day. Description of the stock aldw, alon usa partners lp, from dividend channel. We are expert handlers of crude oil and refined production, via our extensive gathering, transportation and storage network. The company is a limited partnership formed this year by oilrefiner alon usa. View alan morets profile on linkedin, the worlds largest professional community. Alon usa partners refines crude oil into finished products, which alon usa partners markets primarily in west texas, central texas, oklahoma, new mexico and arizona through its wholesale distribution network to both alon usa energys retail convenience stores and other thirdparty distributors. Alon usa partners lp master limited partnership ticker aldw. Alon usa partners lps competitive profile, comparisons of quarterly results to its competitors, by sales, income, profitability, market share by products and services csimarket. Alan moret dallasfort worth area professional profile. Aldw alon usa partners lp dividend history dividend channel. Alon usa has exciting plans to improve and restore production at its bakersfield refinery.
After 32 years, partners book distributing will stop shipping orders on friday, april 1. The refinery is one of the newest refineries in the united states 1980 with industrylow. About alon usa partners, lp adapted from alon usa partners, lp prospectus. In the absence of a partnership agreement, each partner receives an equal share of the net income or net loss of the partnership. The selected historical financial data for the 2012 period presented through november 26, 2012 is also derived from combined financial results of alon usa partners, lp predecessor, and the period beginning november 27, 2012 is derived from consolidated financial results of alon usa partners, lp.
Alon and the big spring refinery employees are active in the community, schools, and local charitable organizations. Alon usa partners is a delaware limited partnership that owns and operates a. And since the partnership operates under a variable distribution. The company had a crude oil throughput capacity of 73,000 barrels per day, which the company referred to as its big spring refinery, as of december 31, 2016. Alon usa partners lps annualized return on invested capital roic % for the quarter that ended in sep. As dkl distribution increases, higher cash flow to delek us through. Morris was previously the investor relations manager for alon usa energy, overseeing investor communications for the corporation and its variable distribution mlp, alon usa partners. Family members have the opportunity to learn from the experiences of others who have faced similar problems. Alon usa energy alj spun off alon usa partners in an ipo late in 2012. Alon usa partners, lp reports first quarter 2017 results and declares quarterly cash distribution schedules conference call for may 9, 2017 at 11. Alon usa partners, lp reports first quarter 2017 results and.
Roic % measures how well a company generates cash flow relative to the capital it has invested in its business. We operate approximately 260 convenience stores in the southwest u. Alon stockholders say yes to delek us merger convenience. Deadline for alon usa partners acquisition expected closing. Looking for online definition of alon or what alon stands for. The distribution of partnership income is the process of sharing the net income or net loss of a partnership between the partners in proportion to the income sharing ratio. About alon usa partners alon usa partners, lp is a delaware limited partnership in which delek us currently owns 100 percent of the general. A single company, founded by vicky eaves and sam speigel, which operated as two separate regional. Delek us holdings to acquire alon usa partners in allstock. In this annual report, the words alon, the partnership, we, our and us or like terms refer to alon usa partners, lp and its consolidated subsidiaries or alon usa. Distribution of partnership income double entry bookkeeping. Alon usa bakersfield refinery, bakersfield, california.
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