TravelCenters Of America LLC Announces Third Quarter 2013 Results

TravelCenters of America LLC (NYSE: TA) today announced financial results for the three and nine months ended September 30, 2013.

At September 30, 2013, TA’s business included 247 locations in 42 U.S. states and in Canada operating under the “TravelCenters of America”, “TA”, “Petro Stopping Centers”, “Petro” and other brand names. TA’s results were:
  Three Months Ended

September 30,
    Nine Months Ended

September 30,
2013   2012 2013   2012
(in thousands, except per share amounts and percentages)
 
Revenues $ 2,062,096 $ 2,034,153 $ 6,038,201 $ 6,070,529
Net income $ 15,803 $ 18,990 $ 19,648 $ 34,657
 
Net income per share:
Basic and diluted $ 0.53 $ 0.66 $ 0.66 $ 1.20
 
Supplemental Data:
Retail fuel sales volume (excluding
wholesale) gallons 510,913 492,201 1,510,910 1,482,799
Total fuel revenues $ 1,667,464 $ 1,666,810 $ 4,927,971 $ 5,039,010
Fuel gross margin $ 91,346 $ 84,980 $ 258,086 $ 249,563
 
Total nonfuel sales $ 391,319 $ 363,402 $ 1,100,554 $ 1,020,299
Nonfuel gross margin $ 212,482 $ 199,385 $ 604,414 $ 565,098
Nonfuel gross margin percentage 54.3 % 54.9 % 54.9 % 55.4 %
 
EBITDAR (1) $ 87,841 $ 83,604 $ 231,427 $ 227,425

(1) A reconciliation of earnings before interest, taxes, depreciation, amortization and rent, or EBITDAR, from net income determined in accordance with U.S. generally accepted accounting principles, or GAAP, appears in the supplemental data below.

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