UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934

For the month of March 2016

Commission File Number:  001-33179

AEGEAN MARINE PETROLEUM NETWORK INC.
(Translation of registrant's name into English)

10, Akti Kondili
185 45, Piraeus
Greece
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]     Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________.

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________.

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached as Exhibit 1 to this Report on Form 6-K is a copy of the press release of Aegean Marine Petroleum Network Inc. (the "Company"), dated March 16, 2016, announcing the Company's financial and operating results for the fourth quarter ended December 31, 2015.

SIGNATURES

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.






 
AEGEAN MARINE PETROLEUM NETWORK INC.
 
(registrant)
   
   
Dated:  March 16, 2016
By:
/s/ E. Nikolas Tavlarios
 
Name:
E. Nikolas Tavlarios
 
Title:
President
   


Exhibit 1








Aegean Marine Petroleum Network Inc.
Announces Fourth Quarter 2015 Financial Results

Strong performance across the business drives record sales volumes and full-year results

New York, NY, March 16, 2016 – Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced financial and operating results for the fourth quarter ended December 31, 2015.

Fourth Quarter Highlights and Full Year Financial Highlights

· Recorded sales volumes of 4,029,567 metric tons in Q4 2015 and 13,482,478 metric tons for the full year.
· Achieved gross profit of $88.3 million in Q4 and $331.8 million for the full year.
· Generated operating income of $24.1 million in Q4.
· Recorded net income attributable to Aegean shareholders of $9.7 million or $0.20 basic and diluted earnings per share for the fourth quarter and $35.9 million or $0.73 basic and diluted earnings per share for the full year.
o Net income adjusted for gains/losses on sales of assets, impairment charges and a non-cash tax item amounting to $2.4 million was $12.1 million or $0.25 basic and diluted earnings per share for the fourth quarter and $43.7 million or $0.89 basic and diluted earnings per share for the full year
· Generated EBITDA of $32.8 million in Q4 and $110.8 million for the full year.
o Full year EBITDA adjusted for gains/losses on sales of assets and impairment charges was $116.2 million.

Fourth Quarter and Full Year Operational Highlights

· Commenced operations in Rio de Janeiro, Brazil.
· Increased percentage of blended products sold.
· Completed the closure of Portland terminal as part of cost rationalization strategy.
· Continued to cultivate relationships with key customers and suppliers.

1


E. Nikolas Tavlarios, Aegean's President, commented, "Our results demonstrate the merits of Aegean's unique operating strategy and the opportunistic steps we continuously take to position the company for growth, despite industry headwinds. During the year we leveraged our expanding geographic footprint and diversified business model to deliver strong financial and operational results, including record sales volumes. Looking ahead, our business model provides flexibility to control expenses and adjust to rapidly-changing market conditions. In 2016, we believe our focus on serving customers and selling blended products will generate greater profitability and strengthen our competitive position in large strategic markets. Through our continued successful execution, Aegean will continue to expand its platform for growth and value creation."

Generating Strong Financial Results

· Revenue – The Company reported total revenue of $929.1 million for Q4 2015, a decrease of 35.4%, compared to the same period in 2014 due to the drop in oil prices. Voyage and other revenues decreased to $16.2 million or by 3.0% compared to the same period in 2014.

· Gross profit – Gross Profit, which equals total revenue less directly attributable cost of revenue increased by 1.4% to $88.3 million in the fourth quarter of 2015 compared to $87.1 million in the same period in 2014. Gross Profit for the full year was $331.8 million which was in-line with the prior year's results.

· Operating Expense – The Company reported operating expense of $64.2 million, a decrease of $4.4 million or 6.4% compared to the same period in prior year. Operating Expenses for the full year 2015 were $255.3 million, a decrease of 8.6% or $23.9 million compared to prior year.

· Operating Income – Operating income for Q4 was $24.1 million, an increase of 30.3% compared to the same period in prior year. Operating income for the full year was $76.6 million, an increase of 32.3% or $18.7 million over the same period in 2014. Full year operating income adjusted for losses on sale of assets/impairment charges was $82.0 million.

· Net Income – The Company achieved net income attributable to Aegean shareholders for the three months ended December 31, 2015 of $9.7 million, or $0.20 basic and diluted earnings per share an increase of $2.2 million or 29.2% compared to the same period in 2014. Net income for the full year was $35.9 million or $0.73 basic and diluted earnings per share. Net income adjusted for gains/losses on sales of assets, impairment charges and a non-cash tax item amounting to $2.4 million was $12.1 million or $0.25 basic and diluted earnings per share for the fourth quarter and $43.7 million or $0.89 basic and diluted earnings per share for the full year.

Operational Metrics

· Sales Volume – For the three months ended December 31, 2015, the Company reported record marine fuel sales volumes of 4,029,567 metric tons an increase of 34.0% compared with the same period in 2014. Marine fuel sales volume excluding bulk trading was 3,439,966 metric tons, an increase of 14.4% compared with the same period in 2014.
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· EBITDA Per Metric Ton – For the three months ended December 31, 2015, the Company reported EBITDA per metric ton sold of $8.14. EBITDA per metric ton in the prior year period was $8.56 per metric ton.

· Gross Spread Per Metric Ton – For the three months ended December 31, 2015, the Company reported gross spread per metric ton on an aggregate basis of $20.5 per metric ton. Gross spread per metric ton in the prior year period was $26.2 per metric ton.

Liquidity and Capital Resources

· Net cash provided by operating activities was $5.3 million for the three months ended December 31, 2015. Net income, as adjusted for non-cash items (as defined in Note 9 below) was $14.9 million for the period.

· Net cash provided from investing activities was $0.6 million for the three months ended December 31, 2015, primarily due to the release of restricted cash.

· Net cash provided by financing activities was $19.2 million for the three months ended December 31, 2015.

· As of December 31, 2015, the Company had cash and cash equivalents of $139.3 million and working capital of $341.8 million. Non-cash working capital, or working capital excluding cash and debt, was $477.6 million.

· As of December 31, 2015, the Company had $937.2 million undrawn amounts under its working capital facilities and $139.3 million of unrestricted cash and cash equivalents to finance working capital requirements.

· The weighted average basic and diluted shares outstanding for the three months ended December 31, 2015 was 47,436,366. The weighted average basic and diluted shares outstanding for the three months ended December 31, 2014 was 46,336,307 respectively.

Spyros Gianniotis, Aegean's Chief Financial Officer, stated, "During the year, we successfully entered into a new $120 million credit facility for our Fujairah oil terminal, which we believe will be a key growth driver in 2016 and beyond. With a strong balance sheet and with significant financial flexibility, Aegean is competitively positioned to deliver returns to shareholders in a variety of market conditions. Looking ahead, we will continue to evaluate efficient and profitable ways to execute our proven strategy and advance our position in the global fuel supply market."
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Summary Consolidated Financial and Other Data (Unaudited)
   
For the Three Months Ended December 31,
   
For the Year Ended
December 31,
 
   
2014
   
2015
   
2014
   
2015
 
   
(in thousands of U.S. dollars, unless otherwise stated)
 
Income Statement Data:
               
Revenues - third parties
 
$
1,421,385
   
$
924,227
   
$
6,625,244
   
$
4,213,359
 
Revenues - related companies
   
16,139
     
4,872
     
36,557
     
20,058
 
Total revenues  
   
1,437,524
     
929,099
     
6,661,801
     
4,233,417
 
Cost of revenues - third parties
   
1,297,505
     
822,602
     
5,971,819
     
3,764,684
 
Cost of revenues - related companies
   
52,920
     
18,180
     
352,888
     
136,904
 
Total cost of revenues
   
1,350,425
     
840,782
     
6,324,707
     
3,901,588
 
Gross profit
   
87,099
     
88,317
     
337,094
     
331,829
 
Operating expenses:
                               
Selling and distribution
   
57,621
     
52,033
     
220,830
     
205,078
 
General and administrative
   
11,059
     
11,859
     
38,099
     
43,318
 
Amortization of intangible assets
   
376
     
298
     
3,323
     
1,421
 
(Gain) / Loss on sale of vessels, net
   
(413
)
   
-
     
12,864
     
130
 
Impairment charge
   
-
     
-
     
4,062
     
5,308
 
Operating income
   
18,456
     
24,127
     
57,916
     
76,574
 
Net financing cost  
   
(8,679
)
   
(9,949
)
   
(33,781
)
   
(37,556
)
Foreign exchange (loss) / gain, net  
   
(2,787
)
   
(291
)
   
(6,032
)
   
308
 
Income taxes benefit / (expense)  
   
509
     
(4,176
)
   
(464
)
   
(3,446
)
Net income  
   
7,499
     
9,711
     
17,639
     
35,880
 
Less income attributable to non-controlling interest
   
(17
)
   
-
     
49
     
-
 
Net income attributable to AMPNI shareholders
 
$
7,516
   
$
9,711
   
$
17,590
   
$
35,880
 
Basic earnings per share (U.S. dollars)  
 
$
0.16
   
$
0.20
   
$
$0.37
   
$
0.73
 
Diluted earnings per share (U.S. dollars)
 
$
0.16
   
$
0.20
   
$
$0.37
   
$
0.73
 
                                 
EBITDA(1)
 
$
22,894
   
$
32,797
   
$
82,019
   
$
110,806
 
                                 
Other Financial Data:
                               
Gross spread on marine petroleum products(2)  
 
$
79,633
   
$
84,243
   
$
304,545
   
$
302,052
 
Gross spread on lubricants(2)  
   
828
     
1,776
     
2,948
     
5,210
 
Gross spread on marine fuel(2)  
   
78,805
     
82,467
     
301,597
     
296,842
 
Gross spread per metric ton of marine fuel sold (U.S. dollars) (2)  
   
26.2
     
20.5
     
26.6
     
22.0
 
Net cash provided by operating activities  
   
194,517
     
5,273
     
182,206
     
49,727
 
Net cash (used in) / provided by investing activities
   
(25,952
)
   
588
     
(59,494
)
   
(7,614
)
Net cash (used in) / provided by financing activities
 
$
(153,710
)
 
$
19,243
   
$
(50,280
)
 
$
(28,254
)
                                 
Sales Volume Data (Metric Tons): (3)
                               
Total sales volumes  
   
3,008,060
     
4,029,567
     
11,332,385
     
13,482,478
 
                                 
Other Operating Data:
                               
Number of owned bunkering tankers, end of period(4)
   
48.0
     
49.0
     
48.0
     
49.0
 
Average number of owned bunkering tankers(4)(5)
   
48.4
     
49.0
     
50.2
     
48.8
 
Special Purpose Vessels, end of period (6)
   
1.0
     
1.0
     
1.0
     
1.0
 
Number of operating storage facilities, end of period(7)
   
14.0
     
12.0
     
14.0
     
12.0
 

4


Summary Consolidated Financial and Other Data (Unaudited)

   
As of
December 31,
2014
   
As of
December 31,
2015
 
         
   
(in thousands of U.S. dollars,
unless otherwise stated)
 
Balance Sheet Data:
   
Cash and cash equivalents  
   
129,551
     
139,314
 
Gross trade receivables  
   
360,074
     
317,152
 
Allowance for doubtful accounts  
   
(5,851
)
   
(7,843
)
Inventories  
   
156,990
     
114,531
 
Current assets  
   
736,328
     
730,950
 
Total assets  
   
1,488,315
     
1,456,656
 
Trade payables  
   
119,056
     
72,417
 
Current liabilities (including current portion of long-term debt)
   
533,735
     
389,109
 
Total debt  
   
740,880
     
716,660
 
Total liabilities  
   
920,899
     
835,130
 
Total stockholder's equity  
   
567,416
     
621,526
 
                 
Working Capital Data:
               
Working capital(8)  
   
202,593
     
341,841
 
Working capital excluding cash and debt(8)  
   
428,326
     
477,594
 
                 

Notes:
1. EBITDA represents net income before interest, taxes, depreciation and amortization. EBITDA does not represent and should not be considered as an alternative to net income or cash flow from operations, as determined by United States generally accepted accounting principles, or U.S. GAAP, and our calculation of EBITDA may not be comparable to that recorded by other companies. EBITDA is included herein because it is a basis upon which the Company assesses its operating performance and because the Company believes that it presents useful information to investors regarding a company's ability to service and/or incur indebtedness. The following table reconciles net income to EBITDA for the periods presented:
 
   
For the Three Months Ended December 31,
 
   
2014
   
2015
 
   
(in thousands of U.S. dollars,
unless otherwise stated)
 
Net income attributable to AMPNI shareholders  
   
7,516
     
9,711
 
                 
Add: Net financing cost including amortization of financing costs
   
8,679
     
9,949
 
  Add: Income tax (benefit) / expense
   
(509
)
   
4,176
 
  Add: Depreciation and amortization excluding amortization of financing costs
   
7,208
     
8,961
 
                 
EBITDA  
   
22,894
     
32,797
 
 
5

 
 
2. Gross spread on marine petroleum products represents the margin the Company generates on sales of marine fuel and lubricants. Gross spread on marine fuel represents the margin that the Company generates on sales of various classifications of marine fuel oil ("MFO") or marine gas oil ("MGO"). Gross spread on lubricants represents the margin that the Company generates on sales of lubricants. Gross spread on marine petroleum products, gross spread of MFO and gross spread on lubricants are not items recognized by U.S. GAAP and should not be considered as an alternative to gross profit or any other indicator of a Company's operating performance required by U.S. GAAP. The Company's definition of gross spread may not be the same as that used by other companies in the same or other industries. The Company calculates the above-mentioned gross spreads by subtracting from the sales of the respective marine petroleum product the cost of the respective marine petroleum product sold and cargo transportation costs. For arrangements in which the Company physically supplies the respective marine petroleum product using its bunkering tankers, costs of the respective marine petroleum products sold represents amounts paid by the Company for the respective marine petroleum product sold in the relevant reporting period. For arrangements in which the respective marine petroleum product is purchased from the Company's related company, Aegean Oil S.A., or Aegean Oil, cost of the respective marine petroleum products sold represents the total amount paid by the Company to the physical supplier for the respective marine petroleum product and its delivery to the custom arrangements, in which the Company purchases cargos of marine fuel for its floating storage facilities. Transportation costs may be included in the purchase price of marine fuels from the supplier or may be incurred separately from a transportation provider. Gross spread per metric ton of marine fuel sold represents the margin the Company generates per metric ton of marine fuel sold. The Company calculates gross spread per metric ton of marine fuel sold by dividing the gross spread on marine fuel by the sales volume of marine fuel. Marine fuel sales do not include sales of lubricants. The following table reflects the calculation of gross spread per metric ton of marine fuel sold for the periods presented:

 
   
For the Three Months Ended December 31,
 
   
2014
   
2015
 
         
Sales of marine petroleum products  
   
1,420,811
     
912,890
 
Less: Cost of marine petroleum products sold  
   
(1,341,178
)
   
(828,647
)
Gross spread on marine petroleum products  
   
79,633
     
84,243
 
Less: Gross spread on lubricants  
   
(828
)
   
(1,776
)
Gross spread on marine fuel  
   
78,805
     
82,467
 
                 
Sales volume of marine fuel (metric tons)  
   
3,008,060
     
4,029,567
 
                 
Gross spread per metric ton of marine fuel sold (U.S. dollars)  
   
26.2
     
20.5
 

3. Sales volume of marine fuel is the volume of sales of various classifications of MFO and MGO for the relevant period and is denominated in metric tons. The Company does not include the sales volume of lubricants in the calculation of gross spread per metric ton of marine fuel sold.

4. Bunkering fleet comprises both bunkering vessels and barges.

5. Figure represents average bunkering fleet number for the relevant period, as measured by the sum of the number of days each bunkering tanker or barge was used as part of the fleet during the period divided by the cumulative number of calendar days in the period multiplied by the number of bunkering tankers at the end of the period. This figure does not take into account non-operating days due to either scheduled or unscheduled maintenance.

6. Special Purpose Vessels consists of the Orion, a 550 dwt tanker which is based in our Greek market.
6


7. The Company owns one barge, the Mediterranean, as a floating storage facility in Greece. The Company also operates on-land storage facilities in Las Palmas, Fujairah, Tangiers, Panama, U.S.A., Hamburg and Barcelona.
The ownership of storage facilities allows the Company to mitigate its risk of supply shortages. Generally, storage costs are included in the price of refined marine fuel quoted by local suppliers. The Company expects that the ownership of storage facilities will allow it to convert the variable costs of this storage fee mark-up per metric ton quoted by suppliers into fixed costs of operating its owned storage facilities, thus enabling the Company to spread larger sales volumes over a fixed cost base and to decrease its refined fuel costs.

8. Working capital is defined as current assets minus current liabilities. Working capital excluding cash and debt is defined as current assets minus cash and cash equivalents minus restricted cash minus current liabilities plus short-term borrowings plus current portion of long-term debt.

9. Net income as adjusted for non-cash items, such as depreciation, provision for doubtful accounts, restricted stock, amortization, deferred income taxes, loss on sale of vessels, net, impairment losses, unrealized loss/(gain) on derivatives and unrealized foreign exchange loss/(gain), net, is used to assist in evaluating our ability to make quarterly cash distributions. Net income as adjusted for non-cash items is not recognized by accounting principles generally accepted in the United States and should not be considered as an alternative to net income or any other indicator of the Company's performance required by accounting principles generally accepted in the United States.

Fourth Quarter 2015 Dividend Announcement
On March 16, 2016, the Company's Board of Directors declared a fourth quarter 2015 dividend of $0.02 per share payable on April 13, 2016 to shareholders of record as of March 30, 2016. The dividend amount was determined in accordance with the Company's dividend policy of paying cash dividends on a quarterly basis subject to factors including the requirements of Marshall Islands law, future earnings, capital requirements, financial condition, future prospects and such other factors as are determined by the Company's Board of Directors. The Company anticipates retaining most of its future earnings, if any, for use in operations and business expansion.
Conference Call and Webcast Information
Aegean Marine Petroleum Network Inc. will conduct a conference call and simultaneous Internet webcast on Thursday, March 17, 2016 at 8:30 A.M. Eastern Time, to discuss its fourth quarter results. Investors may access the webcast and related slide presentation, by visiting the Company's website at www.ampni.com, and clicking on the webcast link. The conference call also may be accessed via telephone by dialing (800) 862-9098 (for U.S.-based callers) or (785) 424-1051 (for international callers) and enter the passcode: 9274352.

If you are unable to participate at this time, a replay of the call will be available for two weeks at 888-203-1112 or 719-457-0820. Enter the code 9274352 to access the audio replay. The webcast will also be archived on the Company's website:
http://www.ampni.com.


7




About Aegean Marine Petroleum Network Inc.
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 32 markets and a team of professionals ready to serve our customers wherever they are around the globe. For additional information please visit: www.ampni.com

Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include our ability to manage growth, our ability to maintain our business in light of our proposed business and location expansion, our ability to obtain double hull secondhand bunkering tankers, the outcome of legal, tax or regulatory proceedings to which we may become a party, adverse conditions in the shipping or the marine fuel supply industries, our ability to retain our key suppliers and key customers, material disruptions in the availability or supply of crude oil or refined petroleum products, changes in the market price of petroleum, including the volatility of spot pricing, increased levels of competition, compliance or lack of compliance with various environmental and other applicable laws and regulations, our ability to collect accounts receivable, changes in the political, economic or regulatory conditions in the markets in which we operate, and the world in general, our failure to hedge certain financial risks associated with our business, our ability to maintain our current tax treatments and our failure to comply with restrictions in our credit agreements and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

CONTACTS:
Aegean Marine Petroleum Network Inc.
(212) 430-1098
 
 
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