Western Refining Logistics, LP engages in the ownership, acquisition, development, and operation of terminals, storage tanks, pipelines, and other logistics assets in the Southwestern United States. It is involved in the terminalling, transportation, storage, and distribution of crude oil and refined products. Its pipeline and gathering assets include approximately 300 miles of crude oil pipelines and gathering systems; approximately 8.0 million barrels of active storage capacity; 31 crude oil storage tanks with a total combined active shell storage capacity of approximately 620,000 barrels; 8 truck loading and unloading locations; and 14 pump stations. The company’s terminalling, transporta...
123 West Mills Avenue
El Paso, TX 79901
Western Refining Logistics Announces Second Quarter of 2015 Cash Distribution, Payable on August 24, 2015
Jul 31 15
The Board of Directors of the general partner of Western Refining Logistics, LP declared a quarterly cash distribution for the second quarter 2015 of $0.3650 per unit, or $1.46 per unit on an annualized basis. This distribution represents a 5.0% increase over the quarterly distribution of $0.3475 per unit paid in May 2015, and a 27.0% increase over the minimum quarterly distribution. The second quarter distribution will be paid on August 24, 2015, to all unit holders of record at the close of market on August 14, 2015.
Western Refining Logistics, LP and its Wholly-Owned Subsidiary WNRL Finance Corp. Announce Completion of 71/2% Senior Notes Exchange Offer
Jul 9 15
Western Refining Logistics, LP and its wholly-owned subsidiary WNRL Finance Corp. announced the completion of the exchange offer relating to their 7½% Senior Notes due 2023 (the Notes). The Partnership's offer to exchange up to $300,000,000 aggregate principal amount of the Notes that were not registered under the Securities Act of 1933, as amended (the Securities Act), for an equal principal amount of the Notes that have been registered under the Securities Act, expired on July 8, 2015. The Partnership received and accepted tenders of 100% of the Notes that were outstanding.
Western Refining Logistics, LP Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015
May 5 15
Western Refining Logistics, LP reported unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $15.3 million, or $0.33 per common limited partner unit compared to first quarter 2014 net income of $10.9 million, or $0.24 per common limited partner unit. First quarter 2015 EBITDA was $24.2 million and distributable cash flow was $21.8 million compared to $14.7 million and $15.1 million respectively for the first quarter of 2014. Total revenues were $607,396,000 compared to $864,610,000 a year ago. Operating income was $19,473,000 compared to $16,761,000 a year ago. Net income before income taxes was $15,526,000 compared to $16,443,000 a year ago. Net income attributable to limited partners was $15,323,000 compared to $10,933,000 a year ago. Net cash provided by operating activities was $33,445,000 compared to $24,481,000 a year ago. Capital expenditures were $8,562,000 compared to $8,379,000 a year ago.
For the quarter, the company reported fuel gallons sold of $303,431,000 compared to $267,814,000 a year ago. Fuel gallons sold to retail was $75,263,000 compared to $61,594,000 a year ago. Fuel margin per gallon was $0.66 compared to $0.75 a year ago. Lubricant gallons sold were $2,957,000 compared to $3,024,000 a year ago. Average crude oil revenue per barrel was $2.76 compared to $3.10 a year ago.