BNET Industries
Market Cap:$405.5M
Last Fiscal Year Sales:$10.7B
- Public
- US
Dow Jones Description
Western Refining is one of the nation's largest independent oil refiners. With headquarters in El Paso, Texas, the company operates primarily in the Southwestern and Mid-Atlantic regions of the United States. Western has been publicly traded on the New York Stock Exchange since January, 2006. Our four refineries are located in El Paso, Texas; near Gallup, New Mexico; in Bloomfield, New Mexico (near Farmington); and in Yorktown, Virginia. These refineries have a combined crude oil processing capacity of approximately 235,000 barrels per day. A majority of products produced at these refineries are high-value light products, consisting of gasoline, diesel, and jet fuel. All four refineries have truck racks or marketing terminals. The El Paso refinery delivers to a number of other markets by pipeline, and Yorktown has waterborne access and receives and delivers by barge and ship. Western Refining owns and operates a wholesale division that compliments the refining operations. Through our refineries and these affiliated companies, we serve a broad customer base in Arizona, southern California, Colorado, Nevada, New Mexico, western Texas, Utah, northern Chihuahua, Mexico, and the central East Coast region. Western also own and operates approximately 160 convenience stores and gas stations located in New Mexico, Arizona, and Colorado. The company markets under its own brands of Giant, Mustang, and Sundial, plus a number of locations feature the brands of other oil companies. ...
Chief Executive Officer
Paul L. FosterNumber of Employees 3,300
Peer Companies
NAICS Code Petroleum Refineries: 324110
Recent Events
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Western Refining to pay in settlement
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Soleil Securities Lowers PT and Estimates on Several Oil/Gas Companies; Increases on XOM
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Valuation battles
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Western Refining, Inc. Announces Third Quarter 2009 Earnings Conference Call
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Soleil analyst downgrades Western Refining
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Western Refining posts Q2 loss
News & Analysis
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finance and western refining inc. - All News and Analysis
Western Refining Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. And the first question will come from the line of Jeff Dietert from Simmons, please proceed. Jeff Dietert - Simmons & Company International Good morning, Paul Foster Good morning Jeff Stevens Good morning Jeff. Jeff Dietert - Simmons & Company International You guys...
Western Refining Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you very much Paul. Operator Instructions. And our first question will come from the line of Vance Shaw from Credit Suisse. Vance, you may proceed. Vance Shaw - Credit Suisse Yes, good morning. First of all, congratulations guys on a very good quarter. Paul Foster Thank...
Western Refining Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionThank you, [Operator Instructions]. And our first question comes from the line of Paul Sankey of Deutsche Bank. Please proceed. Paul Sankey - Deutsche Bank Securities Interesting person of Deutsch Bank but thank you. Paul you spoke that you are pleased about the progress on strength in the...
Western Refining Inc. May Be Able to Proceed With Acquisition.
M2 PRESSWIRE-1 June 2007-FINANCIALS: Western Refining Inc. May Be Able to Proceed With AcquisitionC1994-2007 M2 COMMUNICATIONS LTD RDATE:01062007 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you...
Exploring the Future Trends of Western Refining Inc.
M2 PRESSWIRE-31 May 2007-Oil and Gas News: Exploring the Future Trends of Western Refining Inc.C1994-2007 M2 COMMUNICATIONS LTD RDATE:31052007 It's not its refined air but its refined products that make Western Refining a major player in the West. The independent oil refiner...
FTC to appeal judge's OK of gas-firms merger
ALBUQUERQUE -- A federal judge on Tuesday denied the Federal Trade Commission's efforts to block a proposed $1.3 billion merger between Western Refining and Giant Industries, clearing the way for the Southwest gasoline companies to join forces. Western Refining Inc. president Paul Foster said the decision by U.S....
Court Denies FTC's Request for Preliminary Injunction.
M2 PRESSWIRE-30 May 2007-Top Of Our Radar: Court Denies FTC's Request for Preliminary InjunctionC1994-2007 M2 COMMUNICATIONS LTD RDATE:30052007 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets....
Giant Industries and Western Refining to Challenge U.S. Federal Trade Commission.
M2 PRESSWIRE-12 April 2007-Making The Watchlist: Giant Industries and Western Refining to Challenge U.S. Federal Trade CommissionC1994-2007 M2 COMMUNICATIONS LTD RDATE:12042007 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead...
FTC wants to block Western-Giant deal
WASHINGTON -- Federal regulators on Tuesday said they will seek a temporary restraining order and preliminary injunction to halt Western Refining Inc.'s $1.13 billion acquisition of rival energy company Giant Industries Inc. The Federal Trade Commission said the proposed buyout would lead to reduced competition for the bulk...
Giant Announces Meeting Date to Vote on Acquisition by Western Refining
SCOTTSDALE, Ariz. -- Giant Industries, Inc. [NYSE: GI] announced today that the company has scheduled a Special Meeting of Stockholders for February 27, 2007. At the meeting, stockholders of record on January 26, 2007, will be entitled to vote on the pending acquisition by Western Refining, Inc. [NYSE: WNR] of...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Paul L. Foster | Chief Executive Officer |
| Mark J. Smith | President, Refining & Marketing |
| Gary R. Dalke | Chief Financial Officer |
| Ralph A. Schmidt | Chief Operating Officer |
| William R. Jewell | Chief Accounting Officer |
| Lowry Barfield | Senior Vice President, Legal, General Counsel and Secretary |
| Mark Cox | Senior Vice President, Treasurer, Director of Ir |
| Joele Frank | Wilkinson Brimmer |
| John Cook | Mayor of El Paso |
| Norma Chavez | Texas State Representative |
| Veronica Escobar | El Paso County Commissioner |
| Jeff A. Stevens | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Carin M. Barth | Chairman |
| Brian J. Hogan | Board of Directors |
| L. Frederick Francis | Board of Directors |
| William D. Sanders | Board of Directors |
Mr. Foster was elected to our Board of Directors in September 2005. He has served as our President and Chief Executive Officer since 2000. Mr. Foster has over 25 years of oil industry and marketing experience. In 1993, Mr. Foster became Vice President and General Manager of Border Refining Company and in 1997 became President and Chief Executive Officer of WRC Refining Company. At both companies, he was responsible for managing the activities of our company under a management contract. In 2000, Mr. Foster acquired the ownership of our company through related entities and was named President and Chief Executive Officer.
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Chief Executive Officer | Current |
| Western Refining, Inc. | Board of Directors | Current |
| Western Refining, Inc. | President | Former |
| Western Refining, Inc. | Owner | Former |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | President, Refining & Marketing | Current |
| Western Refining, Inc. | Executive Vice President | Former |
Gary R. Dalke joined us in 2003 as Chief Accounting Officer and became our Chief Financial Officer in August 2005 and Treasurer in September 2005. Mr. Dalke has over 20 years of oil industry experience. Mr. Dalke held various positions from 1997 to 2003 with Giant, most recently as Chief Accounting Officer. He was the Chief Financial Officer of Phoenix Fuel when it was acquired by Giant in 1997.
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Chief Financial Officer | Current |
| Western Refining, Inc. | Treasurer | Current |
| Phoenix Fuel Corporation | Chief Financial Officer | Former |
| Western Refining, Inc. | Principal Financial Officer | Former |
Ralph A. Schmidt joined us in July 2001 as our Vice President of Refining and became our Chief Operating Officer in August 2005. Mr. Schmidt has over 36 years of oil industry experience serving in various refinery management positions. Mr. Schmidt served as Vice President and Refinery General Manager for Clark Refining and Marketing from 1993 to 1998, where he was responsible for all aspects of Clark s Port Arthur business unit. From September 1998 to 2001, Mr. Schmidt was a consultant for Stancil & Company, where he served as managing director for a European refiner on a contract basis.
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Chief Operating Officer | Current |
| Western Refining, Inc. | Board of Directors | Current |
| Stancil & Company | Consultant | Former |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Chief Accounting Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Senior Vice President, Legal, General Counsel and Secretary | Current |
| Western Refining, Inc. | Secretary | Current |
| Western Refining, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Senior Vice President, Treasurer, Director of Ir | Current |
| Western Refining, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Wilkinson Brimmer | Current |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Mayor of El Paso | Current |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Texas State Representative | Current |
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | El Paso County Commissioner | Current |
| Organization | Position | Status |
|---|---|---|
| Lb Capital, Inc | President | Current |
| Western Refining, Inc. | Chairman | Current |
| The Methodist Hospital Research Institute | Board of Directors | Current |
| Texas Southern University | Interim Senior Vice President of Finance and Administration | Former |
Mr. Hogan was appointed to our Board of Directors in January 2006. He has served as an officer of Hogan Motor Leasing, Inc., a full-service regional truck leasing company, since 1986. He has served as its President since 1990. Mr. Hogan also serves as a director of Missouri State Bank and on various transportation and leasing industry professional association boards and charitable organization boards.
| Organization | Position | Status |
|---|---|---|
| Missouri State Bank | Director | Current |
| Western Refining, Inc. | Board of Directors | Current |
Mr. Stevens was elected to our Board of Directors in September 2005. He has served as our Executive Vice President since joining our operating subsidiary in 2000. Mr. Stevens has over 19 years of oil industry and marketing experience. Prior to joining us, Mr. Stevens was the Senior Vice President Supply and Marketing from 1997 to 2000 at Giant Industries, Inc, or Giant. He served as Vice President Supply and Marketing of Phoenix Fuel from 1993 until 1997, when it was acquired by Giant.
| Organization | Position | Status |
|---|---|---|
| Western Refining, Inc. | Director | Current |
| Western Refining, Inc. | President & COO | Former |
| Western Refining, Inc. | COO | Former |
| Western Refining, Inc. | Executive Vice President | Former |
L. Frederick Francis has served as one of our directors since February 2006. He is Chairman of Bank of the West, an El Paso-based bank. In addition, Mr. Francis is Chairman of Providence Memorial Hospital and Sierra Medical Center, as well as Chairman of Francis Properties. He also serves on the Board of Regents of the Texas Tech University System, where he is past Chairman, and serves on the boards of many other civic and charitable organizations.
| Organization | Position | Status |
|---|---|---|
| Francis Properties | Chairman | Current |
| Western Refining, Inc. | Board of Directors | Current |
| The Regents | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Verde | Founder | Current |
| Western Refining, Inc. | Board of Directors | Current |
| National Association of Real Estate Investment Trusts, Inc. | Board of Directors | Current |
| Security Capital Group Incorporated | Chief Executive Officer | Former |
| Security Capital Group Incorporated | Founder | Former |
| LaSalle Partners Incorporated | Founder | Former |
| Security Capital Group Incorporated | Chairman | Former |
Executive News
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Western Refining Announces Offering of Senior Secured Notes
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Back in the Black: Earnings Roundup Q1 2009
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