Northern Tier Energy LP Q3 Profit Declines - Quick Facts

(RTTNews) - Northern Tier Energy LP (NTI) reported third-quarter net income of $27.2 million, compared to $61.1 million, last year. Adjusted EBITDA was $51.3 million, compared to $249.5 million, a year ago. Earnings per unit for the quarter was $0.30.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per unit of $0.43 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $1.44 billion, from $1.26 billion, a year ago. Analysts expected revenue of $925.70 million, for the quarter. The Board of Northern Tier Energy GP LLC, the general partner of Northern Tier Energy LP, has approved a third quarter distribution of $0.31 per unit.