Western Refining Logistics LP (WNRL) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Western Refining Logistics LP (WNRL) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.33 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.37. The company posted revenue of $578.60 million in the period, compared to analysts expectations of $596.32 million. The company’s revenue was down -21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Western Refining Logistics LP opened for trading at $23.79 and hit $24.92 on the upside on Friday, eventually ending the session at $24.81, with a gain of 3.85% or 0.92 points. The heightened volatility saw the trading volume jump to 51,526 shares. Company has a market cap of $1,174 M.

In a different news, on May 18, 2016, Paul L Foster (director) purchased 276,115 shares at $21.73 per share price. According to the SEC, on May 18, 2016, Jeff A Stevens (CEO) purchased 138,057 shares at $21.73 per share price. On May 18, 2016, Scott D Weaver (director) purchased 46,019 shares at $21.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Western Refining Logistics LP (WNRL) is a fee-based growth-oriented partnership that was formed to own operate develop and acquire logistics and related assets and businesses to include terminals storage tanks pipelines and other logistics assets related to the terminalling transportation storage and distribution of crude oil and refined products. The Company’s segments are the logistics segment and the wholesale segment. Its pipeline and gathering assets are positioned to support crude oil supply options for Western Refining Inc.’s (Western) El Paso and Gallup Refineries as well as third parties. Its wholesale segment includes the operations of several lubricant and bulk petroleum distribution plants and a fleet of crude oil and refined product and lubricant delivery trucks. Its wholesale segment distributes commercial wholesale petroleum products in Arizona California Colorado Nevada New Mexico and Texas.

Western Refining Logistics LP

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