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Strong First Quarter for United Refining

By CSD Staff | January 14, 2008

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United Refining Co. the Warren, Pa.-based operator of 371 Kwik Fill/Red Apple and Country Fair convenience stores in western New York and western Pennsylvania, reported net sales for the three months ending Nov. 30, 2007 jumped $109 million to $693.6 million, an increase of 18.6% over the same quarter for 2006.

The company, which also operates a 70,000 barrels per day (bpd) refinery, said increases in net sales for the quarter were due primarily to increases in selling prices.

Operating income for the quarter was $29.1 million, an increase of $29.6 million from an operating loss of $.5 million for the quarter ended Nov. 30, 2006. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the same period increased $32.2 million to $37.2 million from $5 million for the first quarter of 2006.

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  • Home
  • Today on CSD
  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Alcoholic Beverage Playbook
    • Tobacco Playbook
  • Products
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
    • Snacks
    • Tobacco
  • Resources
    • Digital Issues
    • Research & Downloads
    • Podcasts/How To Series
    • On Location
    • FAQ
    • 2022 Top 111 Chains
    • Leaders in Convenience
    • Rack Prices
    • Sponsored Content
    • Videos
    • Webinars / Digital Events
    • White Papers
  • Events
    • 2021 Chain of the Year
    • Convenience Directions
    • NAG Convenience Conference
    • Young Executive Organization
  • Join
    • National Advisory Group
    • Safe Shop Assured
    • Young Executive Organization