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CST Brands, Inc.
Type
Subsidiary
Founded May 1, 2013
Headquarters San Antonio, Texas
United States
Area served
North America
Key people
Kim Lubel, CEO
Products Fuel Retail, Consumer Goods
Revenue Increase $ 12.8 billion (2013)
Number of employees
12,000 (2012)
Parent Alimentation Couche-Tard
Website cstbrands.com

CST Brands, Inc. is an American publicly traded fuel and convenience retailer. It is the second-largest of its kind in North America, with 1,900 outlets in the U.S. and Canada. CST Brands had 2013 revenues of about $12.8 billion and made approximately $360 million in EBITDA. Stores are concentrated in the central and southwestern U.S. states and in eastern Canada. Corner Store is the firm's primary retail brand in the US and in Canada's English speaking provinces. In Canada's French speaking provinces, Dépanneur du Coin is the company's retail brand. In addition to convenience store retail sales, CST Brands also sells fuel under a number of licensed energy brands such as Valero, Exxon, Shell, and Phillips 66.

The company was created on May 1, 2013, when Valero Energy Corporation decided to spin off its retail operations in an effort to focus on refining. On August 6, 2014, CST Brands agreed to buy Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP (LGP), from Lehigh Gas Corp in a cash and stock deal. CST Brands will also acquire the associated Incentive Distribution Rights of LGP. The deal closed on October 1, 2014 and LGP changed its name to CrossAmerica Partners LP, trading under the ticker symbol "CAPL".

On August 22, 2016, Alimentation Couche-Tard agreed to buy CST Brands in a deal worth $4.4 billion including net debt assumed. The transaction officially closed June 28, 2017.

CST operates over 1,000 Corner Store convenience store locations in the United States, including Texas, Louisiana, Arkansas, Oklahoma, New Mexico, Colorado, Wyoming, Arizona and California. On November 4, 2014 it was announced that CST Brands would acquire assets of Nice N Easy Grocery Shoppes, a New York-based company with over 30 company operated stores in its network. In November 2015, CST agreed to purchase Flash Foods from the Jones Company, a Waycross, Georgia-based convenience chain with 164 stores with retail fuel operations in Georgia and North Florida

In Canada, CST sells Ultramar fuels through over 840 retail sites in Quebec, the Atlantic provinces and eastern Ontario. Additionally, the company is one of the largest retail distributors of home heating oil in Eastern Canada. The network includes 80 card lock sites located along natural trucking routes or industrial parks that allow trucking and commercial fleets to buy fuel 24 hours a day.

CST employs approximately 12,000 people throughout the Southwestern United States and Eastern Canada, including over 400 at the CST Headquarters in San Antonio, Texas and over 250 at the CST Regional Office in Montreal, Canada.

Corner Store offers a range of products, such as snack foods, tobacco products, beverages and fresh foods, including its own brands: Fresh Choices sandwiches, salads and packaged goods; U Force energy drinks; Cibolo Mountain coffees (the United States); Transit Cafe coffee and bakery (Canada); FC bottled sodas, and Flavors 2 Go fountain sodas. Some of its Corner Store locations also provide in-store Subway sandwich shops.

Inside the stores, CST added 14 new items to its line of signature, private-label products, while also growing sales in Corner Store’s popular, fresh-baked goods, selling over 1.2 million whoopie pies and 4.6 million kolaches in 2013. Capitalizing on the popularity of its whoopie pies, the company outfitted a food truck to introduce more fans to the sweet treats at festivals and events in the markets CST serves.

CST operates in a highly competitive industry which includes 7-Eleven, Alimentation Couche-Tard Inc., Casey's General Stores, and The Pantry among the five largest chains. In 2014, CST had the third-largest chain with circa 1,900 sites.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2017 2017-11-07 Future report Set alerts
Q2 2017 2017-08-03 Future report Set alerts
Q1 2017 2017-05-08 0.15 0.04
Q4 2016 2017-02-27 0.23 0.23
Q3 2016 2016-11-07 0.51 3.41
Q2 2016 2016-08-05 0.38 0.36
Q1 2016 2016-05-06 0.27 0.24
Q4 2015 2016-02-19 0.55 0.34
Q3 2015 2015-11-04 1.12 1.12
Q2 2015 2015-08-07 0.31 0.32

Ratings

2016-06-05 Reiterated Rating Wells Fargo Buy
2016-06-05 Reiterated Rating Wells Fargo & Co. Buy
2016-04-07 Initiated Coverage Jefferies Group Hold $39.00
2016-02-22 Lower Price Target Credit Suisse Neutral $41.00 to $34.00
2016-02-22 Lower Price Target Credit Suisse Group AG Neutral $41.00 to $34.00
2016-01-13 Downgrade Stephens Overweight to Equal Weight
2015-09-16 Upgrade Raymond James Market Perform to Outperform $42.00
2015-09-16 Upgrade Raymond James Financial Inc. Market Perform to Outperform $42.00
2015-09-08 Lower Price Target JPMorgan Chase & Co. Neutral $49.00 to $43.00
2015-07-02 Initiated Coverage Stephens Overweight
2015-06-30 Boost Price Target JPMorgan Chase & Co. Neutral $44.00 to $49.00
2015-06-09 Initiated Coverage Macquarie Outperform $45.00
2015-05-12 Lower Price Target Stephens Overweight $47.00 to $46.00
2015-05-08 Lower Price Target Mizuho Buy $48.00 to $45.00
2015-03-02 Lower Price Target Mizuho Buy $50.00 to $48.00
2014-12-16 Boost Price Target Citigroup Inc. Neutral $38.00 to $45.00
2014-11-10 Boost Price Target Mizuho Buy $37.00 to $44.00
2014-11-06 Upgrade Wells Fargo & Co. Market Perform to Outperform
2014-11-06 Upgrade Wells Fargo Market Perform to Outperform
2014-09-10 Boost Price Target JPMorgan Chase & Co. $33.00 to $40.00
2014-08-08 Boost Price Target Mizuho Neutral $34.00 to $37.00
2014-08-08 Upgrade Credit Suisse Underperform to Neutral $29.00 to $35.00
2014-08-05 Lower Price Target JPMorgan Chase & Co. Neutral $29.00 to $28.00
2014-06-18 Reiterated Rating Citigroup Inc. Neutral $34.00 to $38.00
2014-05-20 Reiterated Rating JPMorgan Chase & Co. Neutral $30.00 to $29.00
2014-05-14 Reiterated Rating Gabelli Buy
2014-03-25 Downgrade JPMorgan Chase & Co. Overweight to Neutral $39.00 to $30.00
2014-03-07 Lower Price Target Mizuho Buy $36.00 to $34.00
2014-03-07 Downgrade R. F. Lafferty Buy to Neutral
2014-03-03 Initiated Coverage Gabelli Buy
2014-02-25 Initiated Coverage Credit Suisse Underperform $29.00
2014-02-18 Upgrade Ned Davis Research Neutral to Buy
2013-12-11 Initiated Coverage Citigroup Inc. Neutral $36.00
2013-12-02 Initiated Coverage Mizuho Buy $40.00
2013-11-25 Initiated Coverage JPMorgan Chase & Co. Overweight $39.00
2013-11-19 Initiated Coverage Credit Suisse Underperform $29.00 to $33.06
2013-11-18 Initiated Coverage Wells Fargo & Co. Market Perform
2013-11-18 Initiated Coverage Wells Fargo Market Perform
2016-06-05 Reiterated Rating Wells Fargo Buy
2016-06-05 Reiterated Rating Wells Fargo & Co. Buy
2016-04-07 Initiated Coverage Jefferies Group Hold $39.00
2016-02-22 Lower Price Target Credit Suisse Neutral $41.00 to $34.00
2016-02-22 Lower Price Target Credit Suisse Group AG Neutral $41.00 to $34.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Topper Joseph V. Jr. 1.63%  (1233208) CST / LGP /
KILLINGER CLAYTON E Senior Vice President and CFO 0.15%  (110388) CST /
Bowers Kimberly S. President and CEO 0.14%  (102170) CST / LGP / PBF / VLO / WPX /
ESCOBEDO RUBEN M 0.03%  (20131) CFR / CST / VLO /
Schoenbaum Alan 0.03%  (19477) CST / RAX /
Bartys Anthony P Senior Vice President and COO 0.03%  (19248) CST /
Boles Donna M 0.02%  (14977) BDX / CST /
Burton Roger G 0.02%  (14977) CST /
Wargotz Michael H 0.02%  (14977) CST / RECN / WYN /
Sonnier Gerard J SVP, GC and Secretary 0.02%  (14829) CST / PWR /
Incandela Denise 0.02%  (14679) CST /
MOLL WILLIAM G 0.02%  (13494) CST /
motz stephan F SVP/Chief Development Officer 0.02%  (11594) CST / LGP /
Adams Charles (Hal) Senior Vice President-Marketin 0.01%  (11310) CST /
Smith Stephen A. 0.01%  (10773) CST /
Dewbre Rocky 0.01%  (8683) CST / SUSP / SUSS /
Reece Joseph E 0.01%  (5361) CST / LXU /
Stellato Steven VP and Controller 0.01%  (3834) CST /

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