Tesoro Corp. (TSO) reported a fourth quarter net loss of $179 million, or $1.30 per share, compared to net earnings of $97 million or $0.70 per share for the fourth quarter of 2008. The company's fourth quarter results include a non-cash charge of $43 million for a goodwill impairment related to the Anacortes refinery. Adjusted net loss for the latest quarter was $136 million, or $0.99 per share.
Revenues for the quarter were $4.67 billion, up from $4.24 billion in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.92 per share on revenues of $4.71 billion. Analysts' estimates typically exclude special items.
Tesoro announced it will suspend its quarterly dividend for the foreseeable future in order to preserve cash and keep a healthy balance sheet.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.