SPF Energy, Inc. · Minot, ND United States
Company Description
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This link will open in a new window Super-jobber SPF Energy is also a super-pumper of petroleum. The company's Superpumper subsidiary runs a chain of about 15 convenience stores and gas stations in Minnesota, Montana, and North and South Dakota. Locations operate under the Conoco , Exxon , Sinclair , and Tesoro banners. SPF Energy's Farstad Oil subsidiary offers bulk transportation of petroleum products, including the distribution of about 250 million gallons of gas, 20 million gallons of propane, and 2 million gallons of lubricants a year. The Farstad fleet serves businesses and government agencies from Montana to eastern Minnesota and from northern Wyoming to the Canadian border. To read the full description, subscribe now.
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Key SPF Energy, Inc. Financials
| Company Type | Holding Company Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $772.8 |
| Employees | 300 |
SPF Energy, Inc. Executives
7 executives listed for SPF Energy, Inc.'s Minot, ND location.
| Title | Name & Bio | Contact |
| President and CEO | Jeff Farstad | Network |
| COO | Dennis Krueger | Network |
| Secretary and Treasurer | Bruce Hest | Network |
Competition
Competitive Landscape for SPF Energy, Inc.
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top SPF Energy, Inc. Competitors
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