Western Refining, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 5, 2017. Its latest SEC filing is a 4 from Feb 3, 2021.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Refines crude oil into fuels and other products for wholesale buyers, sells gasoline and convenience-store goods through retail outlets, and transports crude oil to regional pipeline and rail facilities.

Who Were Their Customers?

Refined products go through Western’s wholesale and retail operations or directly to wholesale distributors, retailers and commercial accounts; it also sells and exchanges products with major oil companies. Convenience stores operate both directly and through franchisees.

How Were They Changing?

Since the FY2016 annual report

Latest quarter: Q1 FY2017, the three months to Mar 31, 2017

Net income: ▼ −62%; vs $30.5M in Q1 FY2016

Jun 2, 2017 Western requested NYSE delisting after the merger Western became a wholly owned Tesoro subsidiary when the merger closed.
Jun 1, 2017 Tesoro completed its acquisition of Western Tesoro said it remained committed to expected EPS accretion of 10% to 13% in 2018.

Mid-Atlantic wholesale trade The older report describes wholesale petroleum sales in the Northeast and Mid-Atlantic, partly supplied by third parties; the latest report says Western ended its Mid-Atlantic supplier agreement and acquired the remaining finished-product inventory.

Logistics assets and services The older report says WNRL owned and operated logistics assets and served Western’s refineries; the latest report says St. Paul Park sold logistics assets to WNRL and began paying for storage, product throughput and blending services.