2006 Press Releases
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11/14/06Western Refining Reports Third Quarter Results
EL PASO, Texas, Nov. 14 /PRNewswire-FirstCall/ -- Western Refining, Inc. (NYSE: WNR) today reported quarterly net income of $87.1 million, or $1.30 per diluted share, for the quarter ended September 30, 2006, compared to pro forma net income of $43.7 million for the same period in 2005. For the nine months ended September 30, 2006, the Company had net income of $153.9 million, or $2.36 per diluted share, compared to pro forma net income of $85.0 million for the same period in 2005.... 
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11/13/06Western Refining, Inc. Announces Quarterly Dividend
EL PASO, Texas, Nov. 13 /PRNewswire-FirstCall/ -- The Board of Directors of Western Refining, Inc. (NYSE: WNR) (the "Company") has approved its regular quarterly cash dividend of $0.04 per share on the Company's common stock. The dividend will be paid on January 25, 2007 to holders of record at the close of business on January 2, 2007. Western Refining, Inc., headquartered in El Paso, Texas, is an independent crude oil refiner and marketer of refined products, operating primarily ... 
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11/13/06Western Refining Announces Third Quarter Net Income of $1.30 Per Share
EL PASO, Texas, Nov 13, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Western Refining, Inc. (NYSE: WNR) today announced quarterly net income of $87.1 million, or $1.30 per diluted share, for the quarter ended September 30, 2006, compared to pro forma net income of $43.7 million for the same period in 2005. In addition to increased refinery throughput and strong margin performance, earnings for the quarter ended September 30, 2006, were positively impacted by a reduction of $12.9... 
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11/13/06Western Refining and Giant Industries Amend Merger Agreement
EL PASO, Texas and SCOTTSDALE, Arizona, Nov. 13 /PRNewswire-FirstCall/ -- Western Refining, Inc. (NYSE: WNR) and Giant Industries, Inc. (NYSE: GI) today announced that the Boards of Directors of both companies have unanimously approved an amendment to their merger agreement. Under the amended agreement, Western will acquire all of the outstanding shares of Giant for $77.00 per share in cash. Since the original agreement was announced on August 28, 2006, a number of unexpected eve... 
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11/08/06Western Refining, Inc. Third Quarter 2006 Earnings Conference Call
EL PASO, Texas--(BUSINESS WIRE)--Nov. 8, 2006--Western Refining, Inc. (NYSE: WNR) plans to announce results for the third quarter ended September 30, 2006, on November 14, 2006, before the opening of trading on the New York Stock Exchange. The Company has scheduled a conference call November 14, 2006, at 4:30 p.m. EST to discuss these results. This call is being webcast by CCBN and can be accessed at Western's website, www.westernrefining.com. The call can also be heard by dialin... 
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10/10/06Western Refining and Giant Industries Receive Request from FTC for Additional Information
EL PASO, Texas & SCOTTSDALE, Ariz., Oct 10, 2006 (BUSINESS WIRE) -- Western Refining, Inc. (NYSE:WNR) and Giant Industries, Inc. (NYSE:GI) today announced that they have received a request for additional information from the Federal Trade Commission in connection with Western's pending acquisition of Giant. Requests for additional information are not unusual in connection with refinery transactions. Western and Giant are working cooperatively with the FTC staff and intend to respond to the... 
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08/28/06Western Refining to Acquire Giant Industries Creating the Fourth Largest Publicly-Traded Independent Refiner and Marketer in the United States
EL PASO, Texas & SCOTTSDALE, Ariz., Aug 28, 2006 (BUSINESS WIRE) -- Western Refining, Inc. (NYSE:WNR) and Giant Industries, Inc. (NYSE:GI): -- Transaction Adds Scale, Diversifies Western's Business Mix and Increases Western's Crude Oil Throughput Capacity by 84% to Approximately 216,000 Barrels Per Day -- Expected by Western to be Immediately Accretive to Western's Cash Flow and Earnings Per Share Western Refining, Inc. (NYSE:WNR) and Giant Industries, Inc.... 
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08/24/06Western Refining, Inc. Announces Quarterly Dividend
EL PASO, Texas--(BUSINESS WIRE)--Aug. 24, 2006--The Board of Directors of Western Refining, Inc. (NYSE: WNR) (the "Company") has approved its regular quarterly cash dividend of $0.04 per share on the Company's common stock. The dividend will be paid on October 23, 2006 to holders of record at the close of business on October 2, 2006. Western Refining, Inc., headquartered in El Paso, Texas, is an independent crude oil refiner and marketer of refined products, operating primarily in... 
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08/15/06Western Refining, Inc. Announces Appointment of Executive Vice President - Refining
EL PASO, Texas--(BUSINESS WIRE)--Aug. 15, 2006--Western Refining, Inc. (NYSE:WNR) today announced the appointment of Mark J. Smith as Executive Vice President - Refining effective August 28, 2006, and the retirement of its Chief Operating Officer, Ralph Schmidt. Mr. Smith joins Western from CITGO Petroleum Corporation where he served as Vice President and General Manager, Lemont Refinery. He has twenty-five years of experience in the petroleum refining industry. During this time, ... 
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08/08/06Western Refining Inc. Reports Record Second Quarter Results
EL PASO, Texas--(BUSINESS WIRE)--Aug. 8, 2006--Western Refining Inc. (NYSE:WNR) today reported record quarterly net income of $86.5 million, or $1.29 per diluted share, for the quarter ended June 30, 2006, compared to pro forma net income of $40.4 million for the same period in 2005. The Company's second quarter 2006 results represent the highest quarterly net income in its history. For the six months ended June 30, 2006, the Company had net income of $66.8 million, or $1.04 per dilut... 
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07/20/06Western Refining, Inc. Announces Second Quarter 2006 Earnings Conference Call
EL PASO, Texas--(BUSINESS WIRE)--July 20, 2006--Western Refining, Inc. (NYSE: WNR) plans to announce results for the second quarter ended June 30, 2006 on August 8, 2006 after the close of trading on the New York Stock Exchange. The Company has scheduled a conference call August 9, 2006 at 11:00 a.m. EDT (10:00 a.m. CDT) to discuss these results. This call is being webcast by CCBN and can be accessed at Western's website, www.westernrefining.com. The call can also be heard by dia... 
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05/25/06Western Refining Inc. Announces Quarterly Dividend
EL PASO, Texas--(BUSINESS WIRE)--May 25, 2006--The Board of Directors of Western Refining Inc. (NYSE:WNR) (the "Company") has approved its regular quarterly cash dividend of $0.04 per share on the Company's common stock. The dividend will be paid on July 20, 2006 to holders of record at the close of business on June 30, 2006. Western Refining Inc., headquartered in El Paso, Texas, is an independent crude oil refiner and marketer of refined products, operating primarily in the Sout... 
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05/09/06Western Refining, Inc. Reports First Quarter 2006 Results
EL PASO, Texas--(BUSINESS WIRE)--May 9, 2006--Western Refining, Inc. (NYSE:WNR) ("Western" or the "Company") today reported financial and operating results for the quarter ended March 31, 2006. Financial results prior to the completion of the Company's initial public offering in January 2006 represent the financial results of Western Refining Company, L.P., which became a subsidiary of the Company following the IPO. Also upon closing of the offering, Western changed from a partnership... 
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05/01/06Western Refining, Inc. Announces Acquisition of Asphalt Terminals in Southwest United States
EL PASO, Texas--(BUSINESS WIRE)--May 1, 2006--Western Refining, Inc. (NYSE:WNR) ("Western") today announced that it has acquired an asphalt plant and terminal located in El Paso, Texas and asphalt terminals located in Phoenix and Tucson, Arizona, and Albuquerque, New Mexico from Chevron U.S.A., Inc. The asphalt plant and terminals were acquired by Western's indirect, wholly-owned subsidiary, Western Refining Company, L.P. This acquisition supports Western's strategy to process a ... 
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04/26/06First Quarter 2006 Earnings Conference Call
EL PASO, Texas--(BUSINESS WIRE)--April 26, 2006--Western Refining, Inc. (NYSE: WNR) plans to announce results for the first quarter ended March 31, 2006 on May 9, 2006 after the close of trading on the New York Stock Exchange. The Company has scheduled a conference call May 10, 2006 at 11:00 a.m. EDT (10:00 a.m. CDT) to discuss these results. This call is being webcast by CCBN and can be accessed at Western's website, www.westernrefining.com. The call can also be heard by dialing ... 
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03/08/06Western Refining, Inc. Announces Quarterly Dividend
EL PASO, Texas--(BUSINESS WIRE)--March 8, 2006--Western Refining, Inc. (NYSE:WNR) (the "Company") today announced its first quarterly cash dividend of $0.04 per share on the Company's common stock. The dividend will be paid on April 20, 2006 to holders of record on March 31, 2006. Western Refining, Inc., headquartered in El Paso, Texas, is an independent crude oil refiner and marketer of refined products, operating primarily in the Southwest region of the United States, including... 
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03/08/06Western Refining, Inc. Announces Appointment of New Board Member
EL PASO, Texas--(BUSINESS WIRE)--March 8, 2006--Western Refining, Inc. (NYSE:WNR) (the "Company") today announced the appointment of Carin Barth to the Company's Board of Directors. Ms. Barth serves as an independent member of the Board and will serve on the Company's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee. Ms. Barth has been appointed as a Class III director, whose term will expire at the annual meeting of stockholders in 2008. M... 
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03/01/06Western Refining, Inc. Reports Fourth Quarter and Full Year 2005 Results
EL PASO, Texas--(BUSINESS WIRE)--March 1, 2006--Western Refining, Inc. (NYSE: WNR) ("Western" or the "Company") today reported net income of $69.0 million for the quarter ended December 31, 2005, compared to $7.6 million for the comparable period in 2004. For the year ended December 31, 2005, net income was $201.1 million versus $67.5 million for the prior year. Reported amounts reflect the historical operating results of Western Refining Company, L.P., which became a subsidiary of th... 
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02/22/06Western Refining, Inc. Announces Fourth Quarter 2005 Earnings Conference Call
EL PASO, Texas--(BUSINESS WIRE)--Feb. 22, 2006--Western Refining, Inc. (NYSE:WNR) plans to announce results for the fourth quarter ended December 31, 2005 on March 1, 2006 after the close of trading on the New York Stock Exchange. The Company has scheduled a conference call March 2, 2006 at 11:00 a.m. EST (10:00 a.m. CST) to discuss these results. This call is being webcast by CCBN and can be accessed at Western's web site, www.westernrefining.com. The call can also be heard by d... 
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02/21/06Western Refining Inc. Announces Appointment of New Board Members
EL PASO, Texas, Feb 21, 2006 (BUSINESS WIRE) -- Western Refining Inc. (NYSE:WNR) (the "Company") today announced the appointment of L. Fredrick Francis and Ralph A. Schmidt to the Company's Board of Directors. Mr. Francis serves as an independent member of the Board and will serve on the Company's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee. Mr. Francis has been elected as a Class III director, whose term will expire at the annual meeting of... 
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01/19/06Western Refining, Inc. Prices Initial Public Offering
EL PASO, Texas--(BUSINESS WIRE)--Jan. 19, 2006--Western Refining, Inc. (NYSE: WNR) today announced the pricing of its initial public offering of 22,500,000 shares of its common stock, 18,750,000 of which will be sold by the Company and 3,750,000 of which will be sold by certain shareholders, at $17.00 per share. In connection with the offering, certain shareholders have also granted the underwriters a 30-day option to purchase up to 3,375,000 additional shares, to cover over-allotment... 
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