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WNR » Topics » Wholesale Segment

These excerpts taken from the WNR 10-K filed Mar 13, 2009.
Wholesale Segment
 
Our wholesale group includes several lubricant and bulk petroleum distribution plants, unmanned fleet fueling operations, a bulk lubricant terminal facility, and a fleet of crude oil and finished product trucks and lubricant delivery trucks. The wholesale group distributes commercial wholesale petroleum products primarily in Arizona, California, Colorado, Nevada, New Mexico, Texas and Utah. The wholesale group purchases petroleum fuels and lubricants from the refining group and from third-party suppliers.
 
Our principal customers are the mining, construction, utility, manufacturing, transportation, aviation and agricultural industries. No single external customer accounted for more than 10% of our consolidated net sales. We compete with other wholesale petroleum products distributors in the areas we serve such as Flying J, Inc., Pro Petroleum, Inc., Southern Counties Fuels, Union Distributing, Brown Evans Distributing Co., and Maxum Petroleum, Inc.
 
Wholesale
Segment


 



Our wholesale group includes several lubricant and bulk
petroleum distribution plants, unmanned fleet fueling
operations, a bulk lubricant terminal facility, and a fleet of
crude oil and finished product trucks and lubricant delivery
trucks. The wholesale group distributes commercial wholesale
petroleum products primarily in Arizona, California, Colorado,
Nevada, New Mexico, Texas and Utah. The wholesale group
purchases petroleum fuels and lubricants from the refining group
and from third-party suppliers.


 



Our principal customers are the mining, construction, utility,
manufacturing, transportation, aviation and agricultural
industries. No single external customer accounted for more than
10% of our consolidated net sales. We compete with other
wholesale petroleum products distributors in the areas we serve
such as Flying J, Inc., Pro Petroleum, Inc., Southern Counties
Fuels, Union Distributing, Brown Evans Distributing Co., and
Maxum Petroleum, Inc.


 




These excerpts taken from the WNR 10-K filed Feb 29, 2008.
Wholesale
Segment


 



Our wholesale group includes several lubricant and bulk
petroleum distribution plants, unmanned fleet fueling
operations, a bulk lubricant terminal facility, and a fleet of
finished product and lubricant delivery trucks. The wholesale
group distributes commercial wholesale petroleum products
primarily in Arizona, California, Colorado, Nevada, New





9




Table of Contents






Mexico, Texas and Utah. The wholesale group purchases petroleum
fuels and lubricants from the refining group and from
third-party suppliers.


 



Our principal customers are the mining, construction, utility,
manufacturing, transportation, aviation and agricultural
industries. No single external customer accounted for more than
10% of our consolidated net sales. We compete with other
wholesale petroleum products distributors in the areas we serve
like Flying J, Inc., Pro Petroleum, Inc., Southern Counties
Fuels, Union Distributing, Brown Evans Distributing Co., and
Maxum Petroleum, Inc.


 




Wholesale Segment
 
         
    June 1 Through
 		 
    December 31, 2007  
    (In thousands, except
 		 
    per gallon data)  
 
Statement of Operations Data:
       
Net sales
  $ 991,907  
Operating costs and expenses:
       
Cost of products sold (exclusive of depreciation and amortization)
    949,966  
Direct operating expenses (exclusive of depreciation and amortization)
    20,715  
Selling, general and administrative expenses
    9,164  
Depreciation and amortization
    2,477  
         
Total operating costs and expenses
    982,322  
         
Operating income
  $ 9,585  
         
Operating Data:
       
Fuel gallons sold (in thousands)
    376,382  
Fuel margin per gallon(1)
  $ 0.06  
Lubricant sales
  $ 84,825  
Lubricant margins
    9.8 %
 
 
(1) Fuel margin per gallon is a measurement calculated by dividing the difference between fuel sales and cost of fuel sales for our wholesale segment by the number of gallons sold.


46

Table of Contents

 
The following table reconciles fuel sales and cost of fuel sales to net sales and cost of products sold:
 
         
    June 1 Through
 		 
    December 31, 2007  
    (In thousands, except
 		 
    per gallon data)  
 
Net sales
       
Fuel sales
  $ 1,008,045  
Excise taxes included in fuel sales
    (107,370 )
Lubricant sales
    84,825  
Other sales
    6,407  
         
Net sales
  $ 991,907  
         
Cost of products sold:
       
Fuel cost of products sold
  $ 984,191  
Excise taxes included in fuel sales
    (107,370 )
Lubricant cost of products sold
    76,479  
Other cost of products sold
    (3,334 )
         
Cost of products sold
  $ 949,966  
         
Fuel Margin per gallon
  $ 0.06  
         
 
The financial information for the twelve months ended December 31, 2007, includes the results of the wholesale segment acquired from Giant. Prior to the acquisition of Giant, we did not have wholesale operations and, therefore, no comparable information is presented.
 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 13, 2009
10-K (2 sections)
Feb 29, 2008

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