What was the profit (loss) for the year for Petro Stopping Center's associates in 2024?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Sales and other operating revenues | 4 | 79,377 | 83,612 | 92,710 |
| Earnings from joint ventures and associates - after interest and tax | 12,13 | 206 | (1,062) | (111) |
| Interest and other income | 5 | 2,877 | 2,830 | 1,879 |
| Gains on sale of businesses and fixed assets | 3 | 471 | 191 | 116 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the earnings from joint ventures and associates - after interest and tax was $206 million in 2024. This contrasts with a loss of $1,062 million in 2023 and a loss of $111 million in 2022.
This metric reflects Petro Stopping Center's share of profits or losses from entities in which it holds an ownership stake but does not fully control. These earnings are calculated after accounting for interest expenses and income taxes related to those joint ventures and associated companies.
For a prospective franchisee, this indicates the financial performance of Petro Stopping Center's investments in other businesses and their contribution to the overall profitability of the company. Monitoring this trend can provide insights into the strategic partnerships and investment decisions made by Petro Stopping Center and their potential impact on the stability and growth of the franchise system.