travelcenters of america llc (TA) Key Developments
TravelCenters of America LLC Opens New Truck Service Center in Pearsall, Texas
Jun 16 15
TravelCenters of America LLC announced the opening of a newly built Petro:Lube facility located at I-35, Exit 101, (110 Interstate 35 Frontage Rd.) in Pearsall, TX. The truck service repair facility offers four service bays and is open to serve customers 24/7/365.
TravelCenters of America LLC Opens LNG Fueling Lanes
Jun 5 15
TravelCenters of America LLC announced the opening of LNG (liquefied natural gas) fueling lanes at its TA location at I-20, Exit 4723 (I-635), (7751 Bonnie View Rd.) in Dallas, TX. To date TravelCenters has also completed retrofitting its TA Truck Service and Petro: Lube facilities to provide truck maintenance and repair on both CNG (compressed natural gas) and LNG fueled trucks.
TravelCenters of America LLC Announces Sale Leaseback Transactions for $397 Million
Jun 1 15
TravelCenters of America LLC announced that it has entered agreements with Hospitality Properties Trust for sale leaseback transactions for 30 travel centers totaling approximately $397 million. Under these agreements TravelCenters of America also will purchase from HPT five travel centers now leased by TravelCenters of America and subleased to TravelCenters of America franchisees for approximately $45 million. The net proceeds to be realized by TravelCenters of America of approximately $352 million (before transaction costs) are expected to produce gains on sales for financial reporting purposes of approximately $137 million.
TravelCenters of America LLC Presents at Three Part Advisors East Coast IDEAS Investor Conference 2015, Jun-03-2015 10:00 AM
May 19 15
TravelCenters of America LLC Presents at Three Part Advisors East Coast IDEAS Investor Conference 2015, Jun-03-2015 10:00 AM. Venue: Boston Park Plaza, 50 Park Plaza at Arlington St., Boston, MA 02116, United States.
TravelCenters of America LLC Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 7 15
TravelCenters of America LLC reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenues were $1,407,701,000 against $1,967,309,000 a year ago. Income from operations was $32,170,000 against $4,865,000 a year ago. Income before income taxes was $25,424,000 against $219,000 a year ago. Net income was $15,729,000 against $197,000 a year ago. The increase in net income reflected increased fuel gross margins and an increase in contributions from sites acquired as part of its acquisition program. Basic and diluted net income per share was $0.41 against $0.01 a year ago. EBITDA was $50,072,000 against $20,637,000 a year ago. EBITDAR was $105,676,000 against $74,841,000 a year ago.