Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $33.84 USD
Change Today +0.07 / 0.21%
Volume 354.0K
CST On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

cst brands inc (CST) Key Developments

CST Brands, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides U.S. and Canadian Retail Segment Core Store Operations Guidance for the Third Quarter of 2015

CST Brands, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the three month period ended June 30, 2015, the Company reported net income of $25 million, or $0.32 per diluted share, primarily driven by an increase in merchandise gross profit during the quarter. Net income was $32 million, or $0.43 per diluted share, for the comparable period in 2014. Reflected in net income is a gain on the sale of assets of $1 million, net of tax, related to store divestitures for the three month period ended June 30, 2015. Excluding these items, net income would have been $24 million, or $0.31 per diluted share. Operating revenues totaled $2.5 billion for the second quarter of 2015 compared to $3.3 billion for the same period of 2014. A decline of $109 million due to the weakness of the Canadian dollar relative to the U.S. dollar contributed to the decrease in operating revenues. Operating income was $46 million for the second quarter 2015 compared to $57 million for the second quarter 2014. EBITDA was $80 million for the three month period ended June 30, 2015 compared to $88 million for the same period in 2014. The decline in operating income and EBITDA was due primarily to a decrease in U.S. motor fuel gross profit of $6 million and an increase in operating expenses and general and administrative expenses of $2 million and $5 million, respectively, when compared to the same period in 2014. Income before income tax expense was at $38 million against $48 million reported last year. Net income for the six months ending June 30, 2015 was $39 million, or $0.50 per diluted share against $43 million, or $0.57 per diluted share. Operating revenues were approximately $4.76 billion compared to $6.3 billion for the six month period ending June 30, 2014. Operating income was $77 million for the six months ending June 30, 2015 compared to $82 million for the six months ending June 30, 2014. For the six month period ended June 30, 2015, the company reported EBITDA of $146 million. Adjusted EBITDA, which includes the sale of the 5% interest of CST Fuel Supply that occurred in the first quarter of 2015, was $206 million. Adjusted net income, after considering the sale, net of tax, was $77 million and diluted earnings per common share was $0.99. For the six month period ended June 30, 2014, the Company reported EBITDA and Adjusted EBITDA of $145 million. Adjusted net income was $43 million and diluted earnings per common share was $0.57. Income before income tax expense was at $60 million against $64 million reported last year. Total capital expenditures, excluding acquisitions, for the six months ended June 30, 2015 and 2014 were $116 million and $88 million, respectively. The company provide guidance for the core store operations for the third quarter of 2015. For the U.S. Retail Segment, the company sales in the range of 5,250 to 5,350 gallons per day per store, $4,100 to $4,200 merchandise sales per store per day. For the Canadian Retail Segment, the company sales in the range of 3,250 to 3,350 gallons per day per store, $2,350 to $2,450 merchandise sales per store per day.

CST Brands Mulls Acquisitions

CST Brands, Inc. (NYSE:CST) is seeking acquisitions. Clay Killinger, Chief Financial Officer of CST Brands, said, “As such, we have immediate capital available for additional acquisitions should they arise.” Kim Lubel, Chairman and Chief Executive Officer of CST Brands, said, “We continue to have I think a pipeline of opportunities in the M&A front, but we are also being careful about making sure it's accretive to the partnership.”

CST Brands, Inc. to Report Q2, 2015 Results on Aug 07, 2015

CST Brands, Inc. announced that they will report Q2, 2015 results Pre-Market on Aug 07, 2015

CrossAmerica Partners LP, CST Brands, Inc., Q2 2015 Earnings Call, Aug 07, 2015

CrossAmerica Partners LP, CST Brands, Inc., Q2 2015 Earnings Call, Aug 07, 2015

CST Brands, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on July 15, 2015

CST Brands, Inc. announced that it’s board of directors has declared a quarterly cash dividend on the company’s common stock in the amount of $0.0625 per share. The dividend is payable on July 15, 2015 to holders of record at the close of business on June 30, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CST:US $33.84 USD +0.07

CST Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alon USA Energy Inc $17.80 USD +0.15
Casey's General Stores Inc $105.32 USD +0.52
Sunoco LP $37.91 USD -0.54
Tesoro Corp $92.86 USD +0.40
Western Refining Inc $40.96 USD -0.48
View Industry Companies
 

Industry Analysis

CST

Industry Average

Valuation CST Industry Range
Price/Earnings 13.2x
Price/Sales 0.3x
Price/Book 3.4x
Price/Cash Flow 6.6x
TEV/Sales 0.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CST BRANDS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.