What was the net deferred tax (asset) liability for Petro Stopping Center at January 1, 2023?

According to Petro Stopping Center's 2025 Franchise Disclosure Document, the net deferred tax (asset) liability at January 1, 2023, was $2,747 million. This figure represents the company's deferred tax position at the beginning of the 2023 fiscal year. Deferred tax assets and liabilities arise from temporary differences between the book value of assets and liabilities and their tax bases. These differences are expected to result in taxable or deductible amounts in the future.

For a prospective franchisee, understanding the deferred tax position of Petro Stopping Center can provide insights into the company's financial health and tax planning strategies. A significant deferred tax liability might indicate future tax obligations, while a deferred tax asset could represent potential tax benefits. However, since income tax obligations within the US are paid by the parent company, BP America, the franchisee will not have any US income tax obligations.

It's important to note that this figure is just one data point and should be considered in the context of the company's overall financial statements and tax disclosures. Franchisees should consult with their own financial advisors to fully understand the implications of Petro Stopping Center's deferred tax position.