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 Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 3 15
Western Refining Logistics, LP announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales (net of excise taxes) of $674,479,000 compared to $915,719,000 a year ago. Operating income was $22,684,000 compared to $16,719,000 a year ago. Capital expenditures were $7,609,000 compared to $5,248,000 a year ago. Net income attributable to limited partners was $16,493,000 or $0.35 per basic and diluted share compared to $12,265,000 or $0.27 per basic and diluted share a year ago. Adjusted EBITDA was $27,670,000 compared to $16,093,000 a year ago. Net income before income taxes was $16,496,000 compared to $16,385,000 a year ago. Net cash provided by operating activities was $17,686,000 compared to $22,943,000 a year ago. EBITDA was $27,683,000 compared to $16,093,000 a year ago.
For the nine months, the company reported net sales (net of excise taxes) of $2,016,376,000 compared to $2,750,666,000 a year ago. Operating income was $64,450,000 compared to $50,954,000 a year ago. Capital expenditures were $24,021,000 compared to $17,335,000 a year ago. Net income attributable to limited partners was $47,731,000 or $1.01 per basic and diluted share compared to $34,173,000 or $0.75 per basic and diluted share a year ago. Adjusted EBITDA was $78,702,000 compared to $45,627,000 a year ago. Net income before income taxes was $48,085,000 compared to $49,973,000 a year ago. Net cash provided by operating activities was $65,867,000 compared to $64,992,000 a year ago. EBITDA was $78,959,000 compared to $45,627,000 a year ago.
Western Refining Logistics, LP Provides Earnings Guidance for the Full Year Ending December 31, 2016
Nov 2 15
Western Refining Inc. and Western Refining Logistics, LP announced that it has acquired WNR’s 375-mile segment of the TexNew Mex pipeline that extends from WNRL’s crude oil station in Star Lake, New Mexico in the Four Corners region to WNRL’s T Station in Eddy County, New Mexico. The TexNew Mex pipeline and crude oil storage tank are expected to generate 2016 EBITDA in a range of $18.5 million to $19.0 million. Net income is expected to be in the $11.3 million to $11.8 million, depreciation and amortization to be $7.2 million.
Western Refining Logistics, LP Declares Quarterly Cash Distribution for the Third Quarter 2015, Payable on November 23, 2015
Oct 30 15
Western Refining Logistics, LP declared a quarterly cash distribution for the third quarter 2015 of $0.3825 per unit, or $1.53 per unit on an annualized basis. This distribution represents a 4.8% increase over the quarterly distribution of $0.3650 per unit paid in August 2015, and a 33% increase over the minimum quarterly distribution. The third quarter distribution will be paid on November 23, 2015, to all unitholders of record at the close of market on November 13, 2015.