2011 Press Releases

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12/29/11Western Refining Closes on Sale of Assets and Completes Redemption of All Outstanding Senior Secured Floating Rate Notes
EL PASO, Texas, Dec. 29, 2011 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) today announced that it has closed on the sale of its Yorktown, Virginia facilities and a segment of its crude oil pipeline in southeast New Mexico to Plains Marketing, L.P. and Plains Pipeline, L.P., both subsidiaries of Plains All American Pipeline, L.P., for approximately $220 million. The transaction includes substantially all of Western's Yorktown assets, including both the terminal and idled refinery, and a... 
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12/05/11Western Refining, Inc. Announces Fourth Quarter 2011 Earnings Conference Call
EL PASO, Texas, Dec 5, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) will announce earnings results for the fourth quarter and full year ended December 31, 2011, on Tuesday, February 28, 2012, before the open of trading on the New York Stock Exchange. The Company has scheduled a conference call on February 28, 2012, at 10:00 am ET to discuss these results. The call is being webcast and can be accessed at Western's website, www.wnr.com. The call can also be heard by dia... 
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12/01/11Western Refining Announces Sale of Assets for $220 Million
Sale Includes Yorktown Idled Refinery and Terminal and Segment of New Mexico Crude Pipeline EL PASO, Texas, Dec. 1, 2011 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) today announced that it has entered into agreements with Plains Marketing, L.P. and Plains Pipeline, L.P., both subsidiaries of Plains All American Pipeline, L.P., for the divestiture of its Yorktown, Virginia facilities and an underutilized segment of its crude oil pipeline in southeast New Mexico for $220 million. Th... 
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11/29/11Western Refining to Participate in 2011 Leveraged Finance Conference Hosted by Bank of America Merrill Lynch
EL PASO, Texas, Nov. 29, 2011 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) announced today that Company management will present at the 2011 Leveraged Finance Conference hosted by Bank of America Merrill Lynch in Orlando, Florida. The presentation is currently scheduled for Wednesday, November 30, 2011, at 2:40 pm ET and will be webcast live. A link to the live webcast and presentation will be available on the Investor Relations section of Western Refining's website at www.wnr.com beginn... 
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11/21/11Western Refining Issues Notice of Redemption for All Outstanding Senior Secured Floating Rate Notes
EL PASO, Texas, Nov. 21, 2011 (GLOBE NEWSWIRE) -- Western Refining, Inc. (NYSE:WNR) today announced that it has provided notice to holders of its outstanding $275 million Senior Secured Floating Rate Notes due 2014 (the "Notes"), of its intent to redeem all the Notes on December 21, 2011. The Notes will be redeemed at an aggregate redemption price of $288.75 million (including a 5% premium), plus accrued and unpaid interest from September 15, 2011 to December 21, 2011. Jeff Stevens, Western'... 
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11/09/11Western Refining to Participate in Investor Meetings
EL PASO, Texas, Nov 9, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that Company management will be conducting one-on-one investor meetings hosted by CRT Capital Group, LLC on November 9-10, 2011. The meeting materials will be available beginning Wednesday, November 9, 2011, on the Investor Relations section of Western Refining's website at www.wnr.com. The presentation will be archived and remain available on www.wnr.com until February 28, 2012. About... 
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11/03/11Western Refining Reports Third Quarter 2011 Financial Results
EL PASO, Texas, Nov 3, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) today reported net income for the third quarter ended September 30, 2011, of $84.9 million, or $0.94 per basic share and $0.81 per diluted share. During the quarter, the Company recorded a realized loss of $11.2 million and an unrealized loss of $94.6 million from hedging activities. Adjusting for the non-cash unrealized loss, net income would have been $146.4 million, or $1.37 per diluted share. Net ... 
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10/12/11Western Refining to Participate in 2011 Leveraged Finance Conference Hosted by Deutsche Bank
EL PASO, Texas, Oct 12, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that Company management will present at the 19th Annual 2011 Leveraged Finance Conference hosted by Deutsche Bank Securities in Phoenix, Arizona. The presentation is currently scheduled for Thursday, October 13, 2011, at 8:35 am PT and will be webcast live. The presentation includes information on the Company's second quarter financial performance, current market conditions, and an update ... 
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09/27/11Western Refining Amends and Extends Revolving Credit Agreement
EL PASO, Texas, Sep 27, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) today announced the successful completion of an amendment and restatement of its Revolving Credit Agreement, resulting in an increase of commitments to $1.0 billion and an extension of the maturity to September 22, 2016. Additionally, the amendment also provides for a reduction in borrowing rates and an increase in additional borrowing base availability. Concurrent with the Revolving Credit Agreement amen... 
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09/13/11Western Refining to Participate in Macquarie Capital (USA) Inc. Fall 2011 Refining and E&P Forum
EL PASO, Texas, Sep 12, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that Company management will participate in the Fall 2011 Refining and E&P Forum hosted by Macquarie Capital (USA) Inc. in Denver, Colorado. The Conference is currently scheduled for Tuesday, September 13, 2011. The meeting materials will be available at 8:00 AM Mountain Time, Tuesday, September 13, 2011, on the Investor Relations section of Western Refining's website at www.wnr.com. T... 
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08/16/11Western Refining, Inc. Announces Third Quarter 2011 Earnings Conference Call
EL PASO, Texas, Aug 16, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) will announce earnings results for the third quarter ended September 30, 2011, on November 3, 2011, before the open of trading on the New York Stock Exchange. The Company has scheduled a conference call on November 3, 2011, at 10:00 am ET to discuss these results. The call is being webcast and can be accessed at Western's website, http://www.wnr.com. The call can also be heard by dialing (866) 566-85... 
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08/04/11Western Refining Reports Second Quarter 2011 Results
Strong Refining Margins Result in Solid Quarter EL PASO, Texas, Aug 4, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) today reported net income for the second quarter ended June 30, 2011 of $100.1 million, or $1.10 per basic share and $0.94 per diluted share, compared to second quarter 2010 net income of $14.4 million, or $0.16 per basic and diluted share. The improved results for the quarter were due to stronger refining margins, which were primarily the result of the co... 
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06/14/11Western Refining, Inc. Announces Second Quarter 2011 Earnings Conference Call
EL PASO, Texas, Jun 14, 2011 (GlobeNewswire via COMTEX) -- Western Refining, Inc. (NYSE:WNR) will announce earnings results for the second quarter ended June 30, 2011, on August 4, 2011, before the open of trading on the New York Stock Exchange. The Company has scheduled a conference call on August 4, 2011, at 10:00 am ET to discuss these results. The call is being webcast and can be accessed at Western's website, http://www.wnr.com. The call can also be heard by dialing (866) 566-8590 or (702... 
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06/01/11Response Regarding Pemex Complaint Against Western Refining
EL PASO, Texas, Jun 1, 2011 (GlobeNewswire via COMTEX) --Western Refining (NYSE:WNR) has a long standing policy of not commenting on pending lawsuits. However, Western notes that it has no record of having purchased any products from a company named Continental Fuels as alleged in this recently filed lawsuit. Western Refining rejects any implications, from any source, that it is, or has been, involved in any unlawful activities in the United States or Mexico, or the encouragement of such ac... 
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05/18/11Western Refining to Participate in Upcoming Conferences
EL PASO, Texas, May 18, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that Company management will participate in two upcoming events: Event: May 19, 2011 Morgan Stanley Refining Corporate Access Day New York City, NY Event: May 25-26, 2011 Macquarie Capital (USA), Inc. Future of Energy 2011: Global Ener... 
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05/05/11Western Refining Records Profitable 2011 First Quarter
EL PASO, Texas, May 5, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) today reported net earnings, excluding special items, of $15.2 million, or $0.17 per diluted share for the first quarter ended March 31, 2011. On a GAAP basis, the Company reported first quarter 2011 net earnings of $12.2 million, or $0.13 per diluted share. These results compare to a first quarter 2010 net loss of $30.7 million or $0.35 per diluted share. A reconciliation of net income (loss) to net incom... 
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04/12/11Western Refining to Participate in 2011 RBS Global High Yield Conference
EL PASO, Texas, Apr 12, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that Company management will present at the 2011 RBS Global High Yield Conference in Las Vegas, Nevada. The presentation is currently scheduled for Thursday, April 14, 2011, at 2 pm PDT and will be webcast live. The presentation and a link to the live webcast will be available beginning Thursday, April 14, 2011, on the Investor Relations section of Western Refining's website at www.wnr.com... 
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03/30/11Western Refining, Inc. Completes Refinancing of Term Loan Credit Agreement
EL PASO, Texas, Mar 30, 2011 (GlobeNewswire via COMTEX) -- Western Refining, Inc. (NYSE:WNR) announced today that it has successfully completed the refinancing of its existing term loan credit agreement. The refinancing consists of an amended and restated $325 million term loan facility that will mature on March 15, 2017. The term loan bears interest at LIBOR plus a margin of 6.00% (reduced from 7.50%), with a LIBOR floor of 1.5% (reduced from 3.25%). At today's interest rates, the Company estim... 
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03/28/11Western Refining, Inc. Announces First Quarter 2011 Earnings Conference Call
EL PASO, Texas, Mar 28, 2011 (GlobeNewswire via COMTEX) -- Western Refining, Inc. (NYSE:WNR), an independent oil refining and marketing company, plans to announce results for the first quarter ended March 31, 2011, on May 5, 2011, before the open of trading on the New York Stock Exchange. The Company has scheduled a conference call on May 5, 2011, at 10:00 am ET to discuss these results. The call is being webcast and can be accessed at Western's website, http://www.wnr.com. The call can also b... 
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03/23/11Western Refining to Participate in Barclays Capital 2011 High Yield Bond and Syndicated Loan Conference
EL PASO, Texas, Mar 23, 2011 (GlobeNewswire via COMTEX) -- Western Refining, Inc. (NYSE:WNR) announced today that Company management will present at the Barclays Capital 2011 High Yield Bond and Syndicated Loan Conference in Orlando, Florida. The presentation is currently scheduled for Thursday, March 24, 2011, at 7:30 am EDT and will be webcast live. The presentation and a link to the live webcast will be available beginning March 24, 2011, on the Investor Relations section of Western Refining'... 
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03/14/11Western Refining, Inc. Launches Amendment of Term Loan Credit Agreement
EL PASO, Texas, Mar 14, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that it launched an amendment and restatement of its current term loan credit agreement. The amendment and restatement will modify certain terms and conditions of the existing term loan, including the extension of the maturity to March 2017. Closing of the amendment and restatement is expected to occur by the end of March 2011, subject to market and other customary conditions. Jeff S... 
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03/03/11Western Refining Announces Fourth Quarter and Full Year 2010 Results
2010 Initiatives Position Company to Capitalize on Strong 2011 Inland Refining Margins EL PASO, Texas, Mar 3, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) today reported for the fourth quarter of 2010 a net loss, excluding special items, of $3.5 million, or $0.04 per diluted share. This compares to a fourth quarter 2009 net loss, excluding special items, of $51.1 million, or $0.58 per diluted share. On a GAAP basis, the Company reported a fourth quarter 2010 net loss of... 
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02/14/11Western Refining Begins Startup of Its El Paso Refinery
EL PASO, Texas, Feb 14, 2011 (GlobeNewswire via COMTEX) -- Western Refining, Inc. (NYSE:WNR) announced today that its El Paso refinery began starting various units late last week and anticipates returning to normal operations later this week. The El Paso refinery experienced damage and interruption to its operations due to record-breaking low temperatures and interruptions to its electrical supply beginning February 2, 2011. About Western Refining Western Refining, Inc. is an independent r... 
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02/07/11Western Refining Announces Temporary Suspension of Refining Operations at Its El Paso Refinery Due to Extreme Weather Conditions
EL PASO, Texas, Feb 7, 2011 (GlobeNewswire via COMTEX) --Western Refining (NYSE:WNR) announced today that on February 2, 2011, it temporarily suspended refining operations at its El Paso refinery due to inclement weather in El Paso and related curtailment of electricity by the local utility. The El Paso refinery experienced some freeze-related damage and the Company has begun the necessary repairs to resume operations. Management anticipates beginning startup of certain processing units in appro... 
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01/04/11Western Refining to Participate in Upcoming Conferences
EL PASO, Texas, Jan 4, 2011 (GlobeNewswire via COMTEX) --Western Refining, Inc. (NYSE:WNR) announced today that Company management will participate in two upcoming events: Event: Thursday, January 6, 2011 Deutsche Bank 2011 US Independent Refining Conference The Hilton Boston Financial District Boston, MA Event: Wednesday, January 12, 2011 Goldman Sachs 2011 Global Energy ... 
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