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United States

Profile: Western Refining Inc (WNR.N)

WNR.N on New York Stock Exchange

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22 May 2017
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Western Refining, Inc., incorporated on September 16, 2005, is an independent crude oil refiner and marketer of refined products. The Company operates through segments, including refining, Western Refining Logistics, LP (WNRL), retail and Other. As of December 31, 2016, the Company's refining segment owned and operated three refineries that process crude oil and other feedstocks primarily into gasoline, diesel fuel, jet fuel and asphalt. WNRL owns and operates terminal, storage, transportation and wholesale assets in the Southwest and terminal and storage assets in the Upper Great Plains region. The retail segment operates retail convenience stores and unmanned commercial fleet fueling (cardlock) locations located in the Southwest (Southwest Retail) and Upper Great Plains (SuperAmerica) regions.

Refining Segment

The Company markets refined products to a customer base, including wholesale distributors and retail chains. The refining segment also sells refined products in the Mid-Atlantic region and Mexico. The retail convenience stores sell gasoline, diesel fuel and convenience store merchandise. Its refining group operates a refinery in El Paso, Texas (the El Paso refinery), a refinery near Gallup, New Mexico (the Gallup refinery) and a refinery in St. Paul Park, Minnesota (the St. Paul Park refinery). Its refineries make various grades of gasoline, diesel fuel, jet fuel and other products from crude oil, other feedstocks and blending components. It supplies refined products to the El Paso area through WNRL and other logistics assets adjacent to the El Paso refinery and to other areas, including Tucson, Phoenix, Albuquerque and Juarez, Mexico through third-party pipeline systems linked to its El Paso refinery. It supplies refined products to the Four Corners region and throughout Northern New Mexico from WNRL operations in Albuquerque, Bloomfield and Gallup, New Mexico.

The Company supplies refined products to the St. Paul Park area through WNRL and through a third-party pipeline and terminal system that has facilities throughout the Upper Great Plains region. Its refining segment also includes its refined products marketing and distribution operations in the Mid-Atlantic region. As of December 31, 2016, El Paso refinery has a crude oil throughput capacity of 135,000 barrel per day (bpd) with access to third-party pipeline systems and WNRL logistics assets, including approximately 5.3 million barrels of storage capacity, a refined product terminal and an asphalt plant and terminal. As of December 31, 2016, Gallup refinery, located near Gallup, New Mexico, had a crude oil throughput capacity of 25,000 bpd and access to WNRL logistics assets, including approximately 910,500 barrels of storage capacity. As of December 31, 2016, St. Paul Park refinery located in St. Paul Park, Minnesota, had a crude oil throughput capacity of 102,000 bpd with access to third-party transportation systems and WNRL logistics assets, including approximately four million barrels of storage capacity.

WNRL

The Company's WNRL segment owns and operates terminal, storage, transportation and provides related services primarily to its refining segment in the Southwest. The WNRL segment also includes wholesale assets consisting of a fleet of crude oil and refined product truck transports and wholesale petroleum product operations in the Southwest region. WNRL's primary customer is its refineries in the Southwest. WNRL purchases its wholesale product supply from the refining segment and third-party suppliers. As of December 31, 2016, WNRL's pipeline and gathering assets consisted of approximately 705 miles of crude oil pipelines and gathering systems that served as the primary source of crude oil for its Gallup refinery and provide access to shale crude oil production in the Delaware Basin and southern New Mexico for shipment to its El Paso refinery through the Kinder Morgan crude oil pipeline.

WNRL's terminaling, transportation and storage infrastructure consist of refined product distribution terminals at the El Paso, Gallup and St. Paul Park refineries and stand-alone refined products terminals located in Bloomfield and Albuquerque, New Mexico. WNRL's wholesale assets include several lubricant and bulk petroleum distribution plants and a fleet of crude oil, refined product, asphalt and lubricant delivery trucks. WNRL distributes commercial wholesale petroleum products primarily in Arizona, Colorado, Nevada, New Mexico and Texas. WNRL's principal wholesale customers are retail fuel distributors, its retail segment and the mining, construction, utility, manufacturing, transportation, aviation and agricultural industries.

Retail Segment

The Company's retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest. Southwest Retail operates retail stores that sell various grades of gasoline, diesel fuel and convenience store merchandise to the general public. As of December 31, 2016, Southwest Retail operated 259 retail stores located in Arizona, Colorado, New Mexico and Texas and 51 cardlocks located in Arizona, Colorado, New Mexico and Texas. It supplies its retail gasoline and diesel fuel inventories through WNRL and purchase general merchandise, as well as beverage and food products from various third-party suppliers. Its Southwest Retail stores operate under various brands, including Giant, Western, Western Express, Howdy's and Mustang. Gasoline brands sold through these stores include Western, Giant, Phillips 66 Company, Conoco, 76, Shell Oil Company, Chevron, Mobil and Texaco. It had a retail-marketing network of 285 convenience stores, as of December 31, 2016, located throughout Minnesota, Wisconsin and South Dakota.

The Company competes with Valero Energy Corporation, Phillips 66 Company, Alon USA Energy, Inc., HollyFrontier Corporation, Tesoro Corporation, Chevron Products Company, Suncor Energy, Inc., Koch Industries, Shell Oil Company, BP Oil, CITGO Petroleum Corporation, Exxon Mobil Corporation, Holiday, Kwik Trip, Marathon, Freedom Valu Centers, BP, Wal-Mart Stores, Inc., Kroger Company, ampm, Brewer Oil Company, Circle K, Maverik, Murphy Oil, Quik-Trip, Shay Oil, 7-2-11 food stores, Costco Wholesale Corp., Dollar General, Family Dollar, Pro Petroleum, Inc., Southern Counties Fuels, Synergy Petroleum, LLC, SoCo Group, Inc., C&R Distributing, Inc. and Brewer Petroleum Services, Inc.

Company Address

Western Refining Inc

6500 Trowbridge Dr
EL PASO   TX   79905-3402
P: +1915.7753488
F: +1302.6555049

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