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EL PASO, Texas -- Petro Stopping Centers L.P.'s revenue for the first quarter of $286.1 million was $15.4 million higher than for the same period in 2003. The increase was primarily driven by a 6.1-percent increase in fuel gallons sold and improved non-fuel sales, partially offset by a 1.1-percent decrease in the average retail selling price per fuel gallon.
An operator of full-service travel plazas, Petro Stopping Centers attributes its net loss for the quarter of $7.6 million primarily to the loss on retirement of debt and other costs associated with its Feb. 9 refinancing transactions, as well as increased interest expense. No provision for income taxes is reflected in the company's consolidated financial statements because of its organization as a partnership.
Jim Cardwell, chief operating officer, and Edward Escudero, chief financial officer and treasurer, will host a conference call on Friday, May 14, 2004 at 11:00 a.m. eastern time to discuss earnings results. The phone number to access the conference call is 1-888-273-9887.