Petro Stopping Centers L.P. Announces Q2 2001 Results

    EL PASO, Texas--July 30, 2001--Petro Stopping Centers L.P., one of the nation's leading operators of high-quality, full-service travel plazas with 58 locations, today announced its operating results for the second quarter ended June 30, 2001.
    Revenues for the second quarter 2001 were $239.3 million as compared to $231.1 million for the second quarter of 2000. The net loss for the quarter was $899,000 as compared to net income of $3.5 million for the same period last year, due to lower operating income and higher interest expense including the write-off of certain deferred debt issuance costs. Same store EBITDA for the period decreased to $9.0 million, while overall EBITDA decreased to $9.8 million, due primarily to a slow down in trucking activity and the economy. No provision for income taxes is reflected in the Company's financial statements because of its organization as a partnership.
    Petro's Chairman and Chief Executive Officer, Jack Cardwell, said, "Although tough economic conditions this year make it difficult for the Company to exceed last year's results, we are focused on ensuring that the Company operates as efficiently as possible so we are prepared to capitalize on a rebound in the economy."

                     PETRO STOPPING CENTERS L.P.
            UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
                            (in thousands)

                        Three Months Ended       Six Months Ended
                             June 30,                 June 30,
                          2000       2001          2000      2001
                       --------------------    --------------------
Net revenues:
 Fuel (including motor
  fuel taxes)          $ 175,868  $ 181,726    $ 350,260  $ 366,238
 Non-fuel                 55,272     57,614      105,370    109,993
                       ---------  ---------    ---------  ---------
  Total net revenues     231,140    239,340      455,630    476,231

Costs and expenses:
 Cost of sales
  Fuel (including motor
   fuel taxes)           164,005    170,500      327,628    344,710
  Non-fuel                23,080     24,130       43,315     46,180
 Operating expenses       27,573     29,872       53,548     58,736
 General and
  administrative           4,231      5,025        9,050      9,578
 Depreciation and
  amortization             3,949      4,347        7,764      8,780
 (Gain) loss on
  disposition of
   fixed assets               10        --           (59)       --
                       ---------  ---------    ---------  ---------
  Total costs
   and expenses          222,848    233,874      441,246    467,984
                       ---------  ---------    ---------  ---------

  Operating income         8,292      5,466       14,384      8,247

Equity in income (loss)
 of affiliate                 18         51          (89)       (43)
Interest income               58         68          181        126
Interest expense, net     (4,907)    (6,484)      (9,967)   (12,359)
                       ---------  ---------    ---------  ---------
  Net income (loss)    $   3,461  $    (899)   $   4,509  $  (4,029)
                       =========  =========    =========  =========

    -------------------

    Petro Stopping Centers L.P.
    Second Quarter Results Conference Call


    Petro Stopping Centers L.P. will host a conference call on

    Tuesday, July 31, 2001, at 11:00 A.M. EST

    for a discussion of the results for the second quarter ended

    June 30, 2001.

    Those wishing to participate should call:

    888/423-3281

    on the above referenced date and time.