Northern Tier Energy LP

Northern Tier Energy LP

Northern Tier Energy LP

Overview
Date Founded

2011

Headquarters

38C Grove Street,Suite 100,Ridgefield, CT 06877

Type of Company

Private

Employees (Worldwide)

2,961

Industries

Oil & Gas

Company Description

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. Refining Business Northern Tier Energy’s refining business primarily consists of an 81,500 barrels per calendar day (84,500 barrels per stream day) refinery located in St. Paul Park, Minnesota. The St. Paul Park Refinery has a Nelson 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 refineries. The refinery’s complexity allows it to process a variety of light, heavy, sweet and sour crudes into higher value refined products. The St. Paul Park Refinery is one of only two refineries in Minnesota and one of four refineries in the Upper Great Plains area within the PADD II region. The PADD II region covers Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Ohio, Oklahoma, Tennessee and Wisconsin. The refinery’s strategic location allows it direct access, primarily via the Minnesota Pipeline, to what the Company believes are abundant supplies of advantageously priced crude oils. Many of these crude oils have historically priced at a discount to NYMEX WTI. Further, over the past twelve months, NYMEX WTI has traded at an additional discount relative to waterborne crude oils such as Brent, which has contributed to strong refining margins at the St. Paul Park refinery. The Company expects to continue to benefit from access to these growing crude oil supplies. By 2030, according to the CAPP, total Canadian crude oil production is expected to grow to 6.2 million bpd from 2011 production of 3.0 million bpd. Crude oil production from the Bakken Shale in North Dakota has also increased significantly, helping to grow crude oil production in North Dakota from approximately 98,000 bpd in 2005 to approximately 769,000 bpd as of December 2012, and is expected to continue to grow due to improvements in unconventional resource production techniques. The refinery’s location also allows it to distribute its refined products throughout the Midwestern United States. The refinery produces a broad slate of refined products including gasoline, diesel, jet fuel and asphalt, which are then marketed to resellers and consumers primarily in the PADD II region. Northern Tier Energy also owns various storage and transportation assets, including a light products terminal, a heavy products terminal, storage tanks, rail loading/unloading facilities and a Mississippi river dock. The refining business also includes a 17% interest in the Minnesota Pipe Line Company, which owns and operates the Minnesota Pipeline, a 455,000 bpd crude oil pipeline system that transports crude oil (primarily from Western Canada and North Dakota) for approximately 300 miles from the Enbridge pipeline hub at Clearbrook, Minnesota to the refinery. The Minnesota Pipeline has historically transported the majority of the crude oil used and processed in the refinery. Retail Business As of December 31, 2012, the retail business operated 166 convenience stores under the SuperAmerica brand and also supported 70 franchised convenience stores, which are also operated under the SuperAmerica brand. These convenience stores are located primarily in Minnesota and Wisconsin and sell various grades of gasoline and diesel, tobacco products and immediately consumable items such as non-alcoholic beverages, beer, prepared food and a large variety of snacks and prepackaged items. The refinery supplies substantially all of the gasoline and diesel sold in the company-operated and franchised convenience stores. Northern Tier Energy also owns and operates SuperMom’s Bakery, which prepares and distributes baked goods and other prepared food items for sale in the company-operated and franchised convenience stores and other third party locations.

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In The News
Targeted News Service
February 18, 2020
Tim Deutsch Joins Baker & O'Brien
Executives & Employees

Senior Vice President & Chief Commercial Officer

Vice President & Chief Information Officer

Vice President-Human Resources & Head-Media Relations

President, St Paul Park Refining Company, LLC

President, Chief Executive Officer, Director of the General Partner

Treasurer & Vice President

Vice President, Commercial

Vice President-Retail

Vice President, Investor Relations & Business Development

Vice President-Logistics

Board of Directors

Quintana Energy Services, Inc.

Executive Officer at Vomaris Innovations, Inc.

Former Senior Vice President-Legal, General Counsel & Secretary at Western Refining Logistics LP

Former Manager at Northern Tier Energy LLC

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Recent Transactions
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Western Refining, Inc. purchases Northern Tier Energy LP

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Western Refining, Inc. purchases Northern Tier Energy LP from ACON Investments LLC, TPG Capital LLC

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Northern Tier Energy LP issued USD Common Units

Transaction Advisors
Underwriter

Advised onNorthern Tier Energy LP issued USD Common Units

Underwriter

Advised onNorthern Tier Energy LP issued USD Common Units

Underwriter

Advised onNorthern Tier Energy LP issued USD Common Units

Lead Manager

Advised onNorthern Tier Energy LP issued USD Common Units

Underwriter

Advised onNorthern Tier Energy LP issued USD Common Units

Professional

Advised onNorthern Tier Energy LP issued USD Common Units

Clients

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 16 refineries and over 3 million barrels per day of refining capacity. Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon branded outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.

Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. It operates through the following segments: Refined Products, Crude Oil, and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Petróleos Mexicanos SA explores, refines, distributes, and markets natural gas and petrochemicals. It operates through the following business segments: Exploration and Production, Industrial Transformation, Logistics, Drilling and Services, Ethylene, Fertilizers, Cogeneration and Services, as well as Corporate and Other Subsidiaries. The company was founded in 1933 and is headquartered in Mexico.

Key Stats and Financials As of
Market Capitalization
$1.74B
Total Enterprise Value
Earnings Per Share
Non-Profit Donations & Grants Received
Suppliers
Eby-Brown Co. LLC Wholesale: Consumer Durables | Naperville, IL

Eby-Brown Co. LLC engages in the ownership and operation of retail outlets. It offers tobacco, candy, and convenience products. The company was founded in 1887 and is headquartered in Naperville, IL.

Realty Income Corp. Trusts & Funds | Escondido, CA

Realty Income is a 44-year old, publicly traded real estate company dedicated to paying monthly dividends to its shareholders. The revenue to pay these dividends is generated from over 3,500 commercial properties in 49 states that we own under long-term leases, primarily with large commercial enterprises that operate multiple locations. Our shares are listed under the ticker symbol "O" on the New York Stock Exchange.

Kinder Morgan, Inc. Oil & Gas | Houston, TX

Kinder Morgan, Inc. operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel. It operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline and storage systems, natural gas and crude oil gathering systems and natural gas processing and treating facilities. The CO2 segment focuses on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment consists of the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that trans load and store refined petroleum products, crude oil, chemicals, ethanol and bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel and jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment operates the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Competitors
Costco Wholesale Corporation Retail: Other - Issaquah, WA

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

Koch Industries, Inc. Other Business & Consulting Services - Wichita, KS

Koch Industries, Inc. began as Wood River Oil and Refining Co. in 1940. The company is based in Wichita, Kansas and is one of the largest private companies in America. Its major industries include refining, chemicals & biofuels, process & pollution control equipment and technologies, minerals, fertilizers, polymers & fibers, commodity trading & service, forest & consumer products, and ranching.Koch companies have supported education and social progress. These philanthropic efforts include support for educational institutions, foundations and programs that study and promote market-based solutions to societal challenge. Koch also works to protect, conserve and enhance natural resources; Koch companies around the world have earned awards for safety, environmental excellence, community stewardship, innovation and customer service since January 2009.

Walmart, Inc. Retail: Food & Beverage - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash and carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Awards & Honors
Rank #732
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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