UPDATE 1-Western Refining Q3 loss narrower than expected

* Q3 shr loss $0.05 vs loss estimate $0.06

* Q3 revenue $1.90 bln vs est $1.75 bln

* Says to consolidate Four Corners ops

* To take $55-$65 mln Q4 charge related to consolidation

Nov 9 (Reuters) - Western Refining Inc (WNR.N) posted a narrower-than-expected quarterly loss helped by lower costs and expenses and said it aims to save $25 million annually by consolidating operations of its two refineries in Four Corners region.

"Western has decided to consolidate the operations of its two Four Corners refineries into one at the Gallup refinery," the company said in a filing with the U.S. Securities and Exchange Commission.

The company said it will continue to operate the Bloomfield products terminal and will supply Four Corners with refined products by utilizing new pipeline connection and exchange supply agreements.

Western sees charges of $55 million to $65 million in the fourth quarter related to the consolidation.

Western said it is evaluating alternative uses for the Bloomfield refinery including the possibility of biofuels production.

For the latest third quarter, the company posted a loss of $4.8 million, or 5 cents a share, compared with net income of $109.2 million, or $1.60 a share, a year earlier.

Revenue fell 40 percent to $1.90 billion.

Analysts on average had expected a loss of 6 cents per share, on revenue of $1.75 billion, according to Thomson Reuters I/B/E/S.

Shares of the company closed at $5.42 Friday on the New York Stock Exchange.

For the alerts, double click [ID:nWNAB2687] (Reporting by Arup Roychoudhury in Bangalore; Editing by Gopakumar Warrier)