SOURCE: Industrial Info Resources

Industrial Info Resources

August 05, 2011 06:15 ET

Western Refining Benefits From Pricing Advantage in Second-Quarter 2011, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 5, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Independent refining and marketing company Western Refining Incorporated (NYSE:WNR) (El Paso, Texas) reported a jump in earnings in second-quarter 2011 that was spurred by stronger margins in the Refining segment, which were attributed to the price advantage of West Texas Intermediate (WTI), a crude oil commonly used as a pricing benchmark. Net operating income for the quarter was reported to be $202.44 million, compared with $71.5 million in second-quarter 2010.

The company's refineries are located in El Paso, Texas, near Gallup, New Mexico, and Yorktown, Virginia, and have a combined crude oil throughput capacity of 235,000 barrels per day. For more information, visit Industrial Info's North American Petroleum Refining Industry Database.

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