Before today's market open, the El Paso, TX-based crude oil refiner reported adjusted earnings of 72 cents per diluted share, exceeding analysts' expectations of 51 cents per share.
Revenue for the quarter was $2.11 billion, in line with Wall Street's forecasts.
"This was a milestone quarter as we completed the Northern Tier transaction and began operating our combined assets as one team. All three refineries ran well during the quarter, retail fuel volumes were strong compared to Q2 2015 and we did a good job managing our expenses," CEO Jeff Stevens said in a statement.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and notable return on equity.
But the team also finds weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: WNR