Company profile

Future of Western Refining

#
Rank
738
| Quantumrun Global 1000

Western Refining, Inc., is a Texas-based and Worldwide crude oil marketer and refiner operating mainly in the North-Central, Southwestern, and Mid-Atlantic regions of America. Western Refining (WNR) has been publicly traded on the New York Stock Exchange since January 2006 and is the 4th biggest publicly traded independent marketer and refiner in the country. The company is headquartered in El Paso, Texas; its refineries are located in New Mexico, Minnesota. El Paso, Gallup, and St. Paul Park. Most of the products manufactured at these refineries are light products, consisting of diesel fuel, gasoline, and jet fuel. All 4 refineries have truck loading terminals. The El Paso refinery delivers to a number of other markets via pipeline.

Home Country:
Sector:
Industry:
Petroleum Refining
Founded:
1997
Global employee count:
7134
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$2222718000 USD
3y average revenue:
$2774824333 USD
Operating expenses:
$2152623000 USD
3y average expenses:
$2720992333 USD
Funds in reserve:
$268581000 USD

Asset Performance

  1. Product/Service/Dept. name
    Refining
    Product/Service revenue
    3856135000
  2. Product/Service/Dept. name
    NTI
    Product/Service revenue
    2954150000
  3. Product/Service/Dept. name
    WNRL
    Product/Service revenue
    1813543000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the energy sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the most obvious disruptive trend is the shrinking cost and increasing energy generating capacity of renewable sources of electricity, such as wind, tidal, geothermal and (especially) solar. The economics of renewables are advancing at such a rate that further investments into more traditional sources of electricity, such as coal, gas, petroleum, and nuclear, are becoming less competitive in many parts of the world.

*Concurrent with the growth of renewables is the shrinking cost and increasing energy storing capacity of utility-scale batteries that can store electricity from renewables (like solar) during the day for release during the evening.

*The energy infrastructure in much of North America and Europe is decades old and is currently in the two-decade-long process of being rebuilt and reimagined. This will result in the installation of smart grids that are more stable and resilient, and will spur the development of a more efficient and decentralized energy grid in many parts of the world.

*The growing cultural awareness and acceptance of climate change is accelerating the public's demand for clean energy, and ultimately, their government's investment into cleantech infrastructure projects.

*As Africa, Asia, and South America continue to develop over the next two decades, their populations’ increasing demand first world living conditions will spur demand for modern energy infrastructure that will keep energy sector building contracts going strong into the foreseeable future.

*Significant breakthroughs in Thorium and fusion energy will be made by the mid-2030s, leading to their rapid commercialization and global adoption.

COMPANY’S FUTURE PROSPECTS

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