Petro Stopping Centers' 2006 Results Aided by Gas
EL PASO, Texas -- Petro Stopping Centers L.P., operator of 67 multi-service truck stops headquartered here, saw a positive fiscal 2006 on higher retail selling price per fuel gallon and an increase in gallons sold, the company stated in its earnings release yesterday.
Net revenue for the company rose 16.5 percent higher than fiscal 2005, to $2.15 billion.
A 12.6 percent rise in average retail selling price per gallon helped lift the company's results, as well as an increase in fuel gallons sold, improved non-fuel sales and new locations, the company stated.
Profits for the company increased $4.5 million to $20.6 million for 2006.
Net revenue for the company rose 16.5 percent higher than fiscal 2005, to $2.15 billion.
A 12.6 percent rise in average retail selling price per gallon helped lift the company's results, as well as an increase in fuel gallons sold, improved non-fuel sales and new locations, the company stated.
Profits for the company increased $4.5 million to $20.6 million for 2006.