HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 8.May.2025, Words: 635) — Houston-based Citgo Petroleum Corporation — which owns and operates 3 large-scale, highly complex petroleum refineries with a total rated crude oil refining capacity of 807,000 barrels per day (b/d) and located in Lake Charles, La., Corpus Christi, Texas, and Lemont, Ill. — reported weak refining margins in the first-quarter 2025 (1Q:25).
The weak margins continued to affect earnings, leading to a net loss of $(82)mn and EBITDA of $88mn in the 1Q:25 compared to a net loss of $(146)mn, EBITDA of $2mn and adjusted EBITDA 1 of $(15)mn in the 4Q:24.
