Corporate News

Corporate news affecting the convenience store industry

Reports most profitable annual results in company history

DALLAS -- Alon USA Energy Inc. has announced results for the fourth quarter and for the year ended Dec. 31, 2006. Excluding special items, Alon has reported net income for the fourth quarter of 2006 of $26 million, or 56 cents per share, compared to $28.8 million, or 62 cents per share, for the...

Acquisition goal within reach

ANKENY, Iowa -- Casey's General Stores Inc. has reported 22 cents in earnings per share from continuing operations for the third quarter of fiscal 2007 ended Jan. 31, 2007, compared with 15 cents for the same quarter a year ago. Year to date, earnings from continuing operations were 90 cents per...

Willard Oil exec says growing competition made sale the right thing to do

SPARTANBURG, S.C. -- As another small retailer chooses to exit the retailing business, The Pantry has found another opportunity for growth. When the Pantry announced yesterday that it has entered into an agreement to purchase the 11 Fast Phil's convenience stores from Willard Oil Co., Spartanburg,...

BP has put 43 sites in the Chicago metropolitan area to be re-imaged or developed as ampm franchise convenience stores with BP-branded gas stations.
Offering BPs for ampm conversion in Ill.; ARCOs with ampm in four states
Travel center and convenience store retailer Road Ranger LLC has acquired six former QuikTrip c-stores in the Cedar Rapids, Iowa, market.
Gas station/c-store entrepreneur was major philanthropist
12 Shells, 1 Sunoco on block in Cincinnati area
Texas refiner/marketer buys Skinny's chain, grows to 308 stores.
Farmer's Union Oil to buy c-stores, bulk fuel op from Goulding's.