Simmons Remains Sidelined on Western Refining (WNR) - PT cut to $26
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Western Refining Announces First Quarter 2016 Results
May 3, 2016 5:45 AM EDTEL PASO, Texas, May 03, 2016 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE: WNR) today reported results for its first quarter ended March 31, 2016. Net income attributable to Western, excluding special items, was $11.6 million, or $0.13 per diluted share. This compares to first quarter 2015 net income, excluding special items, of $113.3 million, or $1.18 per diluted share. Including special items, the Company recorded first quarter 2016 net income attributable to Western of $30.5 million, or $0.33 per diluted share, as compared to net income attributable to Western of $106.0 million, or $1.11 per diluted share for the first quarter of 2015. A reconciliation of... More
Western Refining Logistics, LP Reports First Quarter 2016 Results
May 3, 2016 5:45 AM EDTEL PASO, Texas, May 03, 2016 (GLOBE NEWSWIRE) -- Western Refining Logistics, LP (NYSE: WNRL) today reported first quarter 2016 net income attributable to limited partners of $14.0 million, or $0.28 per common limited partner unit, which compares to $15.3 million and $0.33, respectively, in the first quarter of 2015. First quarter 2016 EBITDA was $28.5 million and distributable cash flow was $22.5 million; this compares to $24.2 million and $21.8 million, respectively, for the first quarter of 2015.
"We are pleased with the overall performance of WNRL and the strong distributable cash generated in the first quarter. Our Wholesale business continues to grow... More
