WESTERN REFINING, INC. (NYSE:WNR) Files An 8-K Other Events
Item 8.01. Other Events
ended September 30, 2016, effective July 1, 2016, Western Refining,
Inc. (Western, “we,”, “us,” “our” or the Company) changed our
reportable segments due to changes in our organization. Prior to
the acquisition of all of the outstanding common units not already
held by us of Northern Tier Energy LP (“NTI”) on June 23, 2016
(“the Merger”), we reported NTI as a separate reportable segment.
Following the completion of the Merger, NTI became a wholly-owned
subsidiary of Western and, as a result, we moved its assets and
operations into our other reportable segments. Beginning on July 1,
2016, our management team began managing our businesses and
allocating resources based on three reportable segments.
WNRL and retail based on manufacturing and marketing processes,
the nature of our products and services and each segment’s
respective customer base. The St. Paul Park refinery and related
operations are included in the refining segment and the
SuperAmerica retail and bakery assets and operations are included
in the retail segment.
period ended June 30, 2016, have been recast for the segment
changes described above, to the extent applicable, and are filed as
exhibits to this Current Report on Form 8-K and incorporated herein
by reference:
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Exhibit 99.1
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Item 1. Financial Statements
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Item 7. Managements Discussion and Analysis of Financial
Condition and Results of Operations |
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Exhibit 101 – XBRL Interactive Data Files
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for the aforementioned segment changes and have no effect on our
previously reported consolidated results of operations, financial
condition or cash flows. We have not otherwise updated our Form
10-Q for activities or events occurring after the date these items
were originally presented. This Current Report should be read in
conjunction with our Quarterly Report on Form 10-Q for the period
ended September 30, 2016.
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Item 9.01
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Financial Statements and Exhibits
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(d)
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Exhibits
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Exhibit No.
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Description
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99.1
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Financial Statements and Managements Discussion and
Analysis of Financial Condition and Results of Operations (Item 1 and Item 7 of our Quarterly Report on Form 10-Q for the period ended June 30, 2016). |
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XBRL Interactive Data Files.
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About WESTERN REFINING, INC. (NYSE:WNR)
Western Refining, Inc. (Western) is a crude oil refiner and marketer of refined products. The Company operates through four segments: refining, Northern Tier Energy LP (NTI), Western Refining Logistics, LP (WNRL) and retail. Its refining segment owns and operates over two refineries in the Southwest that process crude oil and other feedstocks into gasoline, diesel fuel, jet fuel and asphalt. Its NTI segment owns and operates refining and transportation assets and operates and supports retail convenience stores in the Upper Great Plains region of the United States. Its WNRL segment owns and operates terminal, storage, transportation and wholesale assets consisting of a fleet of crude oil and refined product truck transports and wholesale petroleum product operations in the Southwest region. WNRL’s primary customer is its refineries in the Southwest. Its retail segment operates retail convenience stores and unmanned commercial fleet fueling locations located in the Southwest. WESTERN REFINING, INC. (NYSE:WNR) Recent Trading Information
WESTERN REFINING, INC. (NYSE:WNR) closed its last trading session down -0.31 at 38.95 with 854,415 shares trading hands.
