Northern Tier Energy is an independent downstream energy company with refining, retail, and pipeline operations that serve the PADD II region of the United States.
Northern Tier Energy’s refining business primarily consists of an 89,500 barrels per calendar day (92,500 barrels per stream day) refinery located in St. Paul Park, Minnesota. The St. Paul Park Refinery has a complexity index of 11.5, which refers to the ability of a refinery to produce finished products based on its investment intensity and cost relative to other refineri
RIDGEFIELD, Conn., Nov. 12, 2013 /PRNewswire/ -- Northern Tier Energy LP (NYSE: NTI) ("Northern Tier Energy" or the "Company") today announced that its private equity sponsors, ACON Investments, L.L.C. ("ACON") and TPG, have entered into a definitive agreement to sell all of their interests in Northern Tier Energy, including those of the general partner, to Western Refining, Inc. (NYSE: WNR) ("Western Refining") for total consideration of $775 million plus the distribution on the common units ac...
Company completes all planned and unplanned maintenance; Declares $0.31 quarterly distribution
RIDGEFIELD, Conn., Nov. 11, 2013 /PRNewswire/ --
Third Quarter Highlights:
Net Income was $27.2 million and Adjusted EBITDA was $51.3 million
Company declared a third quarter distribution of $0.31 per common unit that will be paid in cash on November 27, 2013
Cumulative cash distributions since initial public offering stands at $4.97 per common unit
All planned and unplan...
RIDGEFIELD, Conn., Oct. 21, 2013 /PRNewswire/ -- Northern Tier Energy LP (NYSE:NTI) ("Northern Tier Energy" or the "Company") today provided an operational update on its Saint Paul Park refinery and provided details relating to its planned third quarter earnings announcement.
Saint Paul Park Refinery Operational Update
All repairs related to the previously announced fire in late September have been completed and both crude towers are fully functional at this time. The cost of the repairs ...
RIDGEFIELD, Conn., Sept. 23, 2013 /PRNewswire/ -- Northern Tier Energy LP (NYSE: NTI) ("Northern Tier Energy" or the "Company"), a Delaware limited partnership announced on Sunday, September 22nd that the Company's St. Paul Park, MN refinery experienced a fire in its larger crude distillation unit. The fire appears to have originated at an atmospheric tower discharge pump. The fire occurred at approximately 11:30 am central time and was brought under control by the refinery's Emergency Respon...
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