0001193125-13-374876.txt : 20130923 0001193125-13-374876.hdr.sgml : 20130923 20130923172503 ACCESSION NUMBER: 0001193125-13-374876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130923 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130923 DATE AS OF CHANGE: 20130923 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northern Tier Energy LP CENTRAL INDEX KEY: 0001533454 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 800763623 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35612 FILM NUMBER: 131110737 BUSINESS ADDRESS: STREET 1: 38C GROVE STREET STREET 2: SUITE 100 CITY: RIDGEFIELD STATE: CT ZIP: 06877 BUSINESS PHONE: (203) 244-6550 MAIL ADDRESS: STREET 1: 38C GROVE STREET STREET 2: SUITE 100 CITY: RIDGEFIELD STATE: CT ZIP: 06877 FORMER COMPANY: FORMER CONFORMED NAME: Northern Tier Energy, Inc. DATE OF NAME CHANGE: 20111025 8-K 1 d602240d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 23, 2013

 

 

Northern Tier Energy LP

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-35612   80-0763623

(State or other jurisdiction

of incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

38C Grove Street, Suite 100

Ridgefield, Connecticut

  06877
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (203) 244-6550

Not Applicable.

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 8.01 Other events.

On September 23, 2013, Northern Tier Energy LP issued a press release with respect to certain operational matters. A copy of this press release is filed as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference into this Item 8.01.

 

ITEM 9.01 Financial Statements and Other Exhibits

(d) Exhibits.

 

Exhibit
Number

  

Description

99.1    Press Release of Northern Tier Energy LP, dated September 23, 2013.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

    Northern Tier Energy LP
    By:  

Northern Tier Energy GP LLC,

its general partner

Date: September 23, 2013     By:  

/s/ Peter T. Gelfman

      Peter T. Gelfman
      Vice President, General Counsel and Secretary


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Press Release of Northern Tier Energy LP, dated September 23, 2013.
EX-99.1 2 d602240dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Northern Tier Energy Updates Operating Status of St. Paul Park Refinery & Third Quarter Throughput Guidance

RIDGEFIELD, Conn., September 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 Response Team working with the fire departments from the cities of St Paul Park and Newport and was completely extinguished by 2:16 pm central time.

The cause of the fire and extent of the damage is currently being assessed, but preliminary estimates indicate that the outage of this crude unit will last approximately three to four weeks and repair costs should be less than $10 million. The smaller crude distillation unit and the downstream units at the refinery are in the process of being safely restarted. Current estimates indicate that this smaller crude unit and all downstream units, with the exception of the fluid catalytic cracking (“FCC”) unit, will begin operating within the next day. The Company’s planned turnaround on its FCC unit was scheduled to begin October 1st. However, the Company now intends to initiate this turnaround activity immediately due to the reduction in crude throughput. Increased total throughput levels of approximately 40,000 barrels per day (“BPD”) are estimated to be reintroduced at the refinery by early October and rates of up to approximately 85,000 BPD are expected to be achieved by mid October. Until that time, Northern Tier Energy will continue to supply its SuperAmerica retail outlets and other term commitments.

Given the occurrence of these events, the Company is updating operating guidance on throughput for the third quarter of 2013. Original third quarter throughput guidance was expected to be between 90,000 and 95,000 BPD. Updated throughput for third quarter is now expected to range between 78,000 and 81,000 BPD. Throughput guidance for the entire fourth quarter will be provided during the Company’s third quarter earnings call which will be held during the week of November 11th.

About Northern Tier Energy

Northern Tier Energy LP (NYSE:NTI) is an independent downstream energy company with refining, retail and pipeline operations that serves the PADD II region of the United States. Northern Tier Energy operates a 92,500 barrels per stream day refinery located in St. Paul Park, Minnesota. Northern Tier Energy also operates 163 convenience stores and supports 73 franchised convenience stores, primarily in Minnesota and Wisconsin, under the SuperAmerica trademark, and owns a bakery and commissary under the SuperMom’s brand. Northern Tier Energy is headquartered in Ridgefield, Connecticut.

Forward-Looking Statements

This press release contains certain “forward-looking statements” which reflect Northern Tier Energy’s views and assumptions on the date of this press release regarding future events. They involve known and unknown risks, uncertainties and other factors, many of which may be beyond its control, that may cause actual results to differ materially from any future results, performance or achievements expressed or


implied by the forward-looking statements. All forward-looking statements speak only as of the date hereof. Northern Tier Energy undertakes no obligation to update or revise publicly any such forward-looking statements. Northern Tier Energy cautions you not to place undue reliance on these forward-looking statements. Please refer to Northern Tier Energy’s filings with the SEC for more detailed information regarding these risks, uncertainties and assumptions.

For Further Information, Contact:

Alpha IR Group

Phone: (203) 244-6544

Email: NTI@alpha-IR.com