TravelCenters of America LLC (NYSE Amex: TA) today announced financial results for the three and six months ended June 30, 2011.
At June 30, 2011, TA’s business included 234 sites, 166 of which were operated under the “TravelCenters of America” or “TA” brand names, 65 of which were operated under the “Petro” brand name and three sites TA recently acquired which TA is operating under their existing brands and that TA plans to rebrand as TA or Petro sites.
Three Months Ended June 30,
Six Months Ended June 30,
|(in thousands, except per share, per gallon and percentage amounts)|
|Net income (loss)||$||21,667||$||1,173||$||4,928||$||(40,043||)|
|Net income (loss) per share:|
|Basic and diluted||$||0.99||$||0.07||$||0.25||$||(2.32||)|
|Total fuel sales volume (gallons)||529,570||507,573||1,030,435||1,010,772|
|Total fuel revenues||$||1,762,020||$||1,200,688||$||3,255,306||$||2,319,257|
|Fuel gross margin||$||85,784||$||74,712||$||146,662||$||124,945|
|Total fuel gross margin per gallon||$||0.162||$||0.147||$||0.142||$||0.124|
|Total nonfuel revenues||$||329,508||$||300,423||$||614,886||$||562,182|
|Nonfuel gross margin||$||187,163||$||174,968||$||352,318||$||326,423|
|Nonfuel gross margin percentage||56.8||%||58.2||%||57.3||%||58.1||%|
A calculation of earnings before interest, taxes, depreciation, amortization and rent, or EBITDAR, from net income (loss) determined according to U.S. generally accepted accounting principles, or GAAP, appears later in this press release.
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