Western Refining Earnings: Here’s Why the Stock is Up Now

Western Refining Inc. (NYSE:WNR) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.59%.

Western Refining Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 202.08% to $1.45 in the quarter versus EPS of $0.48 in the year-earlier quarter.

Revenue: Decreased 1.24% to $2.25 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Western Refining Inc. reported adjusted EPS income of $1.45 per share. By that measure, the company beat the mean analyst estimate of $1.37. It missed the average revenue estimate of $2.31 billion.

Quoting Management: Jeff Stevens, Western’s President and Chief Executive Officer, said, “In 2012, Western Refining realized its highest fourth quarter and full year Adjusted EBITDA in Company history. We undertook a number of strategic actions to capitalize on the strong margin environment, strengthen our balance sheet, and invest in the business. Over the last two years, we believe we have demonstrated our ability to capture these positive market conditions and dramatically transform the earnings power of the Company.”

Key Stats (on next page)…