Western Refining Earnings: Everything You Must Know Now

Western Refining Inc. (NYSE:WNR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Western Refining Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 33.86% to $1.25 in the quarter versus EPS of $1.89 in the year-earlier quarter.

Revenue: Decreased 1.63% to $2.43 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Western Refining Inc. reported adjusted EPS income of $1.25 per share. By that measure, the company beat the mean analyst estimate of $1.20. It beat the average revenue estimate of $2.27 billion.

Quoting Management: Jeff Stevens, Western’s President and Chief Executive Officer, said, “Western realized another strong quarter as we delivered our fifth consecutive quarter of Adjusted EBITDA of more than $200 million. We began operating our Delaware Basin gathering system during the quarter giving us additional access to high quality, cost-advantaged crude oil for the El Paso refinery. Our crack spread hedges also contributed to the good quarter by partially offsetting the pressure on refining margins.”

Key Stats (on next page)…

Revenue increased 11.11% from $2.19 billion in the previous quarter. EPS increased 32.98% from $0.94 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.18 to a profit $0.86. For the current year, the average estimate has moved down from a profit of $4.45 to a profit of $3.64 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)