Frontier Oil Corp. (FTO)

Frontier Oil Corporation, together with its subsidiaries, engages in refining crude oil and marketing refined petroleum products. It purchases crude oil to be refined and markets the refined petroleum products, including various grades of gasoline, diesel, jet fuel, asphalt, chemicals, and petroleum coke. The company operates refineries in Cheyenne, Wyoming and El Dorado, and Kansas with a total annual average crude oil capacity of approximately 182,000 barrels per day. The Cheyenne refinery markets its refined products primarily in eastern Colorado, eastern Wyoming, and western Nebraska to independent retailers, jobbers, and oil companies. The El Dorado refinery offers its products in Colorado, Wyoming, western Nebraska Montana, Utah, Kansas, Oklahoma, eastern Nebraska Iowa, Missouri, and North and South Dakota. The company was formerly known as Wainoco Oil Corporation. Frontier Oil Corporation was founded in 1949 and is headquartered in Houston, Texas.

For the nine months ended 30 September 2006, Frontier Oil Corporation's revenues rose 30% to $3.71B. Net income rose 54% to $321.8M. Revenues reflect increased refined product revenues due to higher sales prices resulting from a rise in crude oil prices & continued tight product availability. Net income also reflects an increase in interest & investment income due to the availability of more cash to invest and higher interest rates.