Western Refining Posts Q4 Loss - Quick Facts

(RTTNews) - Western Refining, Inc. (WNR) reported a fourth-quarter net loss attributable to company of $7.3 million, or $0.09 per share, compared to net income of $207.6 million, or $1.92 per share for the fourth quarter of 2012. The company noted that its fourth-quarter included special items primarily related to a non-cash unrealized pre-tax hedging loss of $100.6 million. Net income to Western, excluding special items, was $57.3 million, or $0.60 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $3.02 billion, from $2.25 billion, prior year. Analysts expected revenue of $2.37 billion for the quarter. Total operating costs and expenses were $2.99 billion for the quarter, compared to $1.91 billion, prior year.