July 25, 2014 12:37 PM ET

Oil, Gas and Consumable Fuels

Company Overview of United Refining Company

Company Overview

United Refining Company, together with its subsidiaries, operates as a refiner and marketer of petroleum products primarily in western New York and northwestern Pennsylvania. The company owns and operates a medium complexity 70,000 barrel per day petroleum refinery that refines crude oil into various finished products, including various grades of gasoline, ultra low sulfur diesel fuel, kerosene, No. 2 heating oil, and asphalt. It operates in two segments, Wholesale and Retail. The Wholesale segment is involved in the acquisition of crude oil; petroleum refining; supply of petroleum products to the retail segment; and marketing of petroleum products to wholesale and industrial customers. The ...

15 Bradley Street

Warren, PA 16365

United States

Founded in 1902

1,906 Employees

Phone:

814-723-1500

Fax:

814-726-4709

Key Executives for United Refining Company

Chairman
Age: 65
President
Age: 62
Chief Financial Officer
Age: 69
Vice President
Age: 55
Vice President of Supply & Transportation
Age: 60
Compensation as of Fiscal Year 2014.

United Refining Company Key Developments

United Refining Company, Q3 2014 Earnings Call, Jul 21, 2014

United Refining Company, Q3 2014 Earnings Call, Jul 21, 2014

United Refining Company Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended May 31, 2014

United Refining Company reported unaudited earnings results for the third quarter and nine months ended May 31, 2014. Net income for the third fiscal quarter ended May 31, 2014 was $3.2 million, a decrease of $41.4 million from a net income of $44.6 million for the third quarter ended May 31, 2013. Earnings before interest, taxes, depreciation and amortization (EBITDA)1 on a FIFO basis for the three months ended May 31, 2014 was $55.1 million, a decrease of $50.6 million from $105.7 million for the three months ended May 31, 2013. EBITDA on a LIFO basis for the three months ended May 31, 2014 was $19.5 million, a decrease of $70.5 million from $90.0 million for the three months ended May 31, 2013. This decrease is primarily attributable to the effect of a $35.6 million LIFO charge in the May 2014 quarter and a $15.7 million LIFO charge in the May 2013 quarter. Net sales for the fiscal quarter ended May 31, 2014 decreased $99.2 million, or 11.2%, to $784.3 million from $883.5 million for the quarter ended May 31, 2013. Net income for the nine months ended May 31, 2014 was $59.8 million, a decrease of $108.0 million from net income of $167.8 million for the nine months ended May 31, 2013. EBITDA on a FIFO basis for the nine months ended May 31, 2014 was $124.6 million, a decrease of $201.7 million from $326.3 million for the nine months ended May 31, 2013. EBITDA on a LIFO basis for the nine months ended May 31, 2014 was $140.3 million, a decrease of $185.2 million from $325.5 million for the nine months ended May 31, 2013. Net sales for the nine months ended May 31, 2014 decreased $261.0 million, or 9.6%, to $2,449.7 million from $2,710.7 million for the nine months ended May 31, 2013.

United Refining Company Presents at 2nd Annual Global Energy and Power Leveraged Finance Conference, Jun-04-2014 08:50 AM

United Refining Company Presents at 2nd Annual Global Energy and Power Leveraged Finance Conference, Jun-04-2014 08:50 AM. Venue: The Westin Times Square, 270 West 43rd Street at 8th Avenue, New York, New York, United States. Speakers: Robert Kaemmerer, Vice President, Finance.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 26, 2013
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