Saturday, February 1, 2025

Tesoro Becomes the Fifth-Largest U.S. Refiner with $6.4 Billion Acquisition

Tesoro Corporation purchases Western Refining Tesoro Corporation (ticker: TSO) announced a definitive agreement Thursday under which it will acquire Western Refining Inc. (ticker: WNR) at an implied current price of $37.30 per Western share in a stock transaction, representing a 22% premium to the company’s closing price Wednesday. The equity value of the deal is $4.1 billion and includes the

Western Refining Announces Distribution

Western Refining Logistics, LP Announces Quarterly Cash Distribution The Board of Directors of the general partner of Western Refining Logistics, LP (WNRL) declared a quarterly cash distribution for the first quarter 2015 of $0.3475 per unit, or $1.39 per unit on an annualized basis. This distribution represents a 4.5% increase over the quarterly distribution of $0.3325 per unit paid in

Western Refining Announces Dividend

Western Refining Announces Dividend Increase Western Refining, Inc. (WNR) today announced its Board of Directors approved a $0.34 per share dividend for the second quarter of 2015, a 13% increase from the $0.30 per share dividend paid in the first quarter of 2015. The dividend will be paid on May 20, 2015, to shareholders of record at the close of

Independent Refiners: Western Refining Reports Q4

Western Refining reports fourth quarter results Western Refining Inc. (ticker: WNR) today reported its fourth quarter 2014 results. The company reported net income of $116.8 million, or $1.19 per diluted share. This represents a 51% increase from the company’s Q4’13 net income of $57.3 million. The company’s full-year 2014 net income reached $559.9 million, or $5.61 per diluted share, a