January 29, 2015 2:48 PM ET

Oil, Gas and Consumable Fuels

Company Overview of United Refining Company

Company Overview

United Refining Company, together with its subsidiaries, operates as an integrated refiner and marketer of petroleum products primarily in western New York and northwestern Pennsylvania. The company owns and operates a medium complexity 70,000 barrel per day petroleum refinery that refines crude oil into various finished products, including various grades of gasoline, ultra low sulfur diesel fuel, kerosene, No. 2 heating oil, and asphalt. It operates through two segments, Wholesale and Retail. The Wholesale segment is involved in the acquisition of crude oil; petroleum refining; supply of petroleum products to the retail segment; and marketing of petroleum products to wholesale and industria...

15 Bradley Street

Warren, PA 16365

United States

Founded in 1902

1,894 Employees

Phone:

814-723-1500

Key Executives for United Refining Company

Chairman
Age: 66
President
Age: 62
Chief Financial Officer
Age: 69
Vice President
Age: 55
Vice President of Supply & Transportation
Age: 60
Compensation as of Fiscal Year 2014.

United Refining Company Key Developments

United Refining Company Announces Earnings Results for the First Quarter Ended November 30, 2014

United Refining Company announced earnings results for the first quarter ended November 30, 2014. For the period, the company's net sales were $824.7 million, a decrease of $67.0 million from $891.7 million for the fiscal quarter ended November 30, 2013, primarily due to petroleum price decreases. Net income was $17.6 million, an increase of $18.7 million from net loss of $1.1 million for the first quarter ended November 30, 2013. EBITDA (LIFO) was $46.2 million, an increase of $34.0 million from $12.2 million for the three months ended November 30, 2013.

United Refining Company, Q1 2015 Earnings Call, Jan 20, 2015

United Refining Company, Q1 2015 Earnings Call, Jan 20, 2015

United Refining Company Announces Earnings Results for the Fourth Quarter and Full Year Ended August 31, 2014; Provides EBITDA Guidance for the First Quarter of 2015

United Refining Company announced earnings results for the fourth quarter and full year ended August 31, 2014. For the quarter, the company reported net income of $11.3 million and FIFO EBITDA of $51 million. For the year, the company reported net sales were $3,439.22 million against $3,681.25 million a year ago. Operating income was $144.177 million against $328.608 million a year ago. Net income was $71.113 million against $168.683 million a year ago. EBITDA (LIFO) was $174.648 million against $353.831 million a year ago. Adjusted EBITDA - FIFO basis was $175.375 million against $385.088 million a year ago. Income before income tax expense was $114.94 million, compared to $267.03 million for the year ended August 31, 2013. The company announced that it anticipates positive EBITDA for the first quarter of 2015.

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