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, 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.
Western Refining Logistics, LP Declares Distribution for the First Quarter of 2015, Payable on May 26, 2015
May 1 15
The Board of Directors of the general partner of Western Refining Logistics, LP declared a quarterly cash distribution for the first quarter 2015 of $0.3475 per unit, or $1.39 per unit on an annualized basis. This distribution represents a 4.5% increase over the quarterly distribution of $0.3325 per unit paid in February 2015, and a 21% increase over the minimum quarterly distribution. The first quarter distribution will be paid on May 26, 2015, to all unitholders of record at the close of market on May 15, 2015.
Western Refining Logistics, LP Presents at UBS 2015 Global Oil & Gas Conference, May-19-2015 09:15 AM
Apr 28 15
Western Refining Logistics, LP Presents at UBS 2015 Global Oil & Gas Conference, May-19-2015 09:15 AM. Venue: Four Seasons Downtown, 98 San Jacinto Blvd, Austin, Texas, United States. Speakers: Jeffrey S. Beyersdorfer, Senior Vice President of Western Refining Logistics GP LLC, Director of Investor Relations of Western Refining Logistics GP LLC, Treasurer of Western Refining Logistics GP LLC and Assistant Secretary of Western Refining Logistics GP LLC.