Western Refining reports fourth quarter results
Western Refining Inc. (ticker: WNR) today reported its fourth quarter 2014 results. The company reported net income of $116.8 million, or $1.19 per diluted share. This represents a 51% increase from the company’s Q4’13 net income of $57.3 million. The company’s full-year 2014 net income reached $559.9 million, or $5.61 per diluted share, a 51% increase from full-2013 net income of $276 million.
The company has a 128 MBOPD refinery in El Paso, Texas, and a 23 MBOPD refinery in Gallup, New Mexico. The company also has a 100% general partner interest and 38.7% limited partner interest in Northern Tier Energy LP (ticker: NTI) which has direct pipeline connectivity to resources in the Bakken, Permian, San Juan and western Canada, as well as a 89.5 MBOPD refinery in St. Paul Park, Minnesota.
Total refinery production for the company’s El Paso and Gallup refineries reached 152.9 MBOPD for full-year 2014, with a production mix of 79.3 MBOPD of gasoline, 63.4 MBOPD of diesel and jet fuel, 5.1 MBOPD of residuum and 5.2 MBOPD of other products. NTI reported total refinery production of 93.8 MBOPD for full-year 2014.
WNR is headquartered in El Paso, Texas, with operations mostly in the southwestern and western United States. The company has been publicly traded on the New York Stock Exchange since January, 2006.
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