Western Refining Declares $0.38 Per Share Dividend for First Quarter 2016
EL PASO, Texas, Jan. 06, 2016 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) today announced its Board of Directors approved a $0.38 per share dividend for the first quarter of 2016. The dividend will be paid on February 4, 2016, to shareholders of record at the close of market on January 20, 2016.
About Western Refining
Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso, Texas. The refining segment operates refineries in El Paso, and Gallup, New Mexico. The retail segment includes retail service stations, convenience stores, and unmanned fleet fueling locations in Arizona, Colorado, New Mexico, and Texas.
Western Refining, Inc. owns the general partner and approximately 66% of the limited partnership interest in Western Refining Logistics, LP (NYSE:WNRL) and the general partner and approximately 38% of the limited partnership interest in Northern Tier Energy LP (NYSE:NTI).
More information about Western Refining is available at www.wnr.com.
Investor and Analyst Contact:
Jeffrey S. Beyersdorfer
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
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