Quick Stats

Quick Stats

    You are here

    Petro Stopping Centers Third Quarter Results Positive

    The company's net revenue is 12.3 percent higher than the same period in 2005, and the net income is up $2.3 million.

    EL PASO, Texas -- Petro Stopping Centers, L.P. announced its operating results for the third quarter ended September 30, 2006. The company reported net revenue for the third quarter of 2006 at $571.7 million, which was $62.6 million, or 12.3 percent higher than the same period in 2005. The increase in revenue was driven primarily by a 12.5 percent increase in the average retail selling price per fuel gallon, improved non-fuel sales, and the addition of new sites.

    Additionally, compared to the same period last year, EBITDA increased 12.9 percent to $21.3 million and net income of $10.9 million was $2.3 million more than the same period in 2005. No provision for federal income taxes is reflected in the company's consolidated financial statements because of its organization as a partnership, according to a company release.

    Petro Stopping Centers, L.P. is a leading owner and operator of large, multi-service truck stops. Since opening the first Petro Stopping Center in 1975, the nationwide network has grown to 66 facilities located in 32 states. Of these locations, 43 are company-operated facilities and 23 are franchised facilities. Petro offers a broad range of products, services, and amenities, including diesel fuel, gasoline, home-style Iron Skillet(R) restaurants, Petro:Lube(R) truck service centers, and travel and convenience stores.

    • About

    Related Content

    Related Content