Ever wonder just how profitable some of those big truck stop companies are? Travelcenters of America, with operations throughout Oklahoma is out with its quarterly and year-end financial results.
Its total revenues for 2017 came to more than $6 billion while the fourth quarter revenues totaled $1.5 billion, up from the $1.4 billion reported in the last quarter of 2016.
That’s a lot of gasoline to be pump and food to be served at the company’s 223 sites around the U.S. However, fuel sales were down by 5.6 million gallons or 1.0 %. The company blamed the drop in gasoline sales “primarily from increased competition.” While the volume of gasoline pumped was down, fuel revenues were up 167.9 million or 17.8% in the fourth quarter compared to a year earlier.
Nonfuel revenues were up $8.6 million or 1.9% in the fourth quarter.