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    Western Refining Reports Strong Mid-Year Sales

    Margins and demand are both up at company's retail arm.

    By Angela Hanson, Convenience Store News

    EL PASO, Texas — Western Refining Inc. (WNR) is looking forward to the rest of 2015 following a "great first half," President and CEO Jeff Stevens said during the company's fiscal second-quarter earnings call Tuesday.

    Increased demand for gasoline in the Southwest, strong gas margins throughout the quarter, and a retail merchandise sales increase of approximately 4 percent were major factors in WNR's strong second quarter.

    "This was another outstanding quarter for all of our business segments," reported Stevens. "Our refineries ran at historically high throughput rates in a strong margin environment, and expenses were in line with expectations. In our retail business, we saw an increase in same-store fuel volumes, fuel margins and merchandise sales."

    WNR's net income for the second quarter was $138 million, up from $128.8 million in Q2 2014.

    Retail gallons sold during the quarter were 77.4 million, an increase from the 76.7 million gallons sold one year ago. Fuel margins rose to 22 cents per gallon.

    Merchandise sales were especially strong, rising to $95.8 million from $89.9 million during the fourth quarter of 2014.

    "Retail margins are very strong right now," said Stevens, noting that WNR expects to have a solid third quarter as well.

    WNR's retail division includes more than 260 convenience stores in Arizona, Colorado, New Mexico and Texas operating under the GIANT, Mustang, Sundial and Howdy's banners. 

    By Angela Hanson, Convenience Store News
    • About Angela Hanson Angela Hanson is associate editor for EnsembleIQ's Convenience Store News and Convenience Store News for the Single Store Owner, where she is responsible for primary coverage of the candy, snacks and packaged beverages categories. Since joining CSNews as assistant editor in early 2011, she has played a key role in helping CSNews.com maintain its position as the No. 1 news source for the convenience store industry. Prior to joining CSNews, Hanson served as junior editor at Creative Homeowner book press and as managing editor of Anime Insider magazine. She has degrees in creative writing and visual communication technology from Bowling Green State University.

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