UPDATE: Tesoro Petroleum (TSO) Reports Q2 EPS of $3.47
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TESORO CORPORATION REPORTS 2016 SECOND QUARTER RESULTS
August 3, 2016 4:55 PM EDTNet earnings from continuing operations of $418 million, or $3.47 per diluted share, consolidated net earnings of $449 million and EBITDA of $956 million, all include a pre-tax benefit of $363 million related to lower of cost or market inventory adjustment Logistics operating income grew 20% year-over-year to $125 million Successfully raised approximately $1 billion of debt and equity in Tesoro Logistics primarily to fund acquisitions from Tesoro and future growth Closed acquisition of Flint Hills Resources wholesale... More
