Par Pacific Holdings

Par Pacific Holdings, Inc. engages in the operation of energy and infrastructure businesses. It operates through the following segments: Refining, Retail, Logistics, and Other. The Refining segment produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, low sulfur fuel oil, and other associated refined products. The Retail segment sells gasoline, diesel, and retail merchandise. The Logistics segment is involved in terminals, pipelines, a single-point mooring, and trucking operations to distribute refined products throughout the islands of Oahu, Maui, Hawaii, Molokai, and Kauai. The company was founded on December 21, 1984 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q2 2022

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Par Pacific Holdings reports robust 2022 performance and growth strategy

Par Pacific Holdings (PARR) delivered strong financial results in 2022, focusing on balance sheet improvement and strategic initiatives. While facing challenges related to integration and capital allocation, the company is well-positioned to leverage growth opportunities in renewables and retail expansion.

Par Pacific Holdings reports strong Q1 performance and strategic acquisitions

Par Pacific Holdings delivered a strong Q1 performance, showcasing financial stability and growth potential amidst market challenges and economic uncertainties.
The company's robust liquidity position, strategic acquisitions, and focus on sustainable initiatives position it well for future growth and profitability.
While facing challenges from market dynamics, Par Pacific's operational resilience, diversified revenue streams, and strategic planning present opportunities for long-term success and value creation.

Par Pacific Holdings reports robust Q2 performance and eyes renewables

Par Pacific Holdings delivered a strong Q2 performance driven by operational excellence and successful acquisitions, with a focus on debt reduction and strategic investments.
Challenges in refining performance and financial metrics were noted, highlighting the importance of addressing these areas for sustained growth.
Opportunities in renewables initiatives and the logistics segment present avenues for future growth and value creation.
Overall, Par Pacific Holdings' performance reflects a balanced approach to financial management and strategic expansion.

Par Pacific Holdings (PARR) achieves record earnings, eyes renewables growth

Par Pacific Holdings (PARR) reports stellar Q3 performance with record EBITDA and net income, showcasing operational excellence and financial strength. Strong focus on renewables and retail segment growth present promising opportunities for future expansion and profitability.

Par Pacific Holdings achieves record earnings, transitions leadership for growth

Par Pacific Holdings reported exceptional financial performance in Q4 2023, with a strong focus on safety, environmental sustainability, and operational excellence. The leadership transition announcement and strategic operational details underscore the company's commitment to driving growth and value creation. While facing challenges such as leadership changes and market uncertainties, Par Pacific Holdings is well-positioned to leverage opportunities in renewable energy and operational enhancements.

Par Pacific Holdings reports strong Q1 performance and eyes growth

Par Pacific Holdings delivered a solid performance in Q1 2024, driven by strong financial results and operational stability across key segments. The company's focus on renewable fuel initiatives and cost management reflects a commitment to sustainability and efficiency.
While facing challenges in cost structures and potential areas for optimization, Par Pacific Holdings has opportunities to capitalize on its financial strength and pursue strategic investments for growth. Addressing these challenges and leveraging opportunities could further enhance shareholder value.
Overall, Par Pacific Holdings' Q1 earnings call highlighted a balanced approach to financial management, operational performance, and strategic planning. The company's proactive stance on refining operations, retail sales growth, and sustainability initiatives positions it well for future success.

Par Pacific Holdings excels in Q2 earnings, eyes growth opportunities

Par Pacific Holdings delivered robust financial results in Q2, showcasing strength in retail, logistics, and cost management. While facing inventory challenges and refining segment optimizations, the company is well-positioned for growth with strategic initiatives and shareholder value enhancement.

Par Pacific Holdings reports solid Q3 performance amidst cost-cutting focus

Par Pacific Holdings demonstrated operational strength and financial stability in Q3 2024 despite an adjusted net loss per share.
The company's focus on cost reduction, strategic growth initiatives, and strong liquidity position sets a positive trajectory for future growth.
Challenges in cost management and capital allocation need to be addressed to maximize profitability and shareholder value in the long term.

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HOUSTON, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended September 30, 2020.

Par Pacific Holdings Reports Third Quarter 2020 Results

HOUSTON, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its third quarter 2020 results before the New York Stock Exchange opens on Monday, November 2, 2020. This release will be followed by a conference call for investors at 9:30 a.m. Central Time (10:30 a.m. Eastern) on the same morning. The full text of the release will be available on Par Pacific’s website at http://www.parpacific.com.

Par Pacific Holdings Announces Third Quarter 2020 Earnings Release and Conference Call Schedule

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Par Pacific Holdings' (PARR) CEO William Pate on Q2 2020 Results - Earnings Call Transcript

HOUSTON, July  20, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its second quarter 2020 results before the New York Stock Exchange opens on Monday, August 10, 2020. This release will be followed by a conference call for investors at 9:00 a.m. Central Time (10:00 a.m. Eastern) on the same morning. The full text of the release will be available on Par Pacific’s website at  http://www.parpacific.com .

Par Pacific Holdings Announces Second Quarter 2020 Earnings Release and Conference Call Schedule

HOUSTON, June  05, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced that Par Petroleum, LLC (“Par Petroleum”) and Par Petroleum Finance Corp. (“Finance Corp.” and together with Par Petroleum, the “Issuers”), both wholly-owned subsidiaries of the Company, closed a private offering of $105 million aggregate principal amount of 12.875% senior secured notes due 2026 (the “Notes”).     

Par Pacific Holdings Announces Closing of Private Offering of $105 Million of 12.875% Senior Secured Notes Due 2026

HOUSTON, May  27, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced that Par Petroleum, LLC (“Par Petroleum”) and Par Petroleum Finance Corp. (“Finance Corp.” and together with Par Petroleum, the “Issuers”), both wholly-owned subsidiaries of the Company, priced a private offering of $105 million aggregate principal amount of 12.875% senior secured notes due 2026 (the “Notes”). The Notes are being offered in a private offering only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”). The offering is expected to close on June 5, 2020, subject to customary closing conditions.

Par Pacific Holdings Announces Pricing of Private Offering of $105 Million of 12.875% Senior Secured Notes Due 2026

HOUSTON, May  27, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced that Par Petroleum, LLC (“Par Petroleum”) and Par Petroleum Finance Corp. (“Finance Corp.” and together with Par Petroleum, the “Issuers”), both wholly-owned subsidiaries of the Company, intend to offer, subject to market and other conditions, $100 million aggregate principal amount of senior secured notes due 2026 (the “Notes”) through a private offering to qualified institutional buyers pursuant to Rule 144A and to certain persons outside of the United States pursuant to Regulation S, each under the Securities Act of 1933, as amended (the “Act”).     

Par Pacific Holdings Announces Private Offering of $100 Million of Senior Secured Notes Due 2026

Par Pacific Holdings, Inc. (PARR) CEO William Pate on Q1 2020 Results - Earnings Call Transcript

HOUSTON, May  05, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the Company”) today announced business updates related to the novel coronavirus (COVID-19).  Par Pacific has implemented a furlough of 29 employees in response to the previously announced decline in throughput rates at its refineries in Kapolei, Hawaii. The reduction in staff is not expected to affect the Company’s ability to maintain an ample supply of refined product to satisfy Hawaii's needs. Considering these updates and the impact of COVID-19, Par Pacific’s President and Chief Executive Officer and the independent members of the Company’s Board of Directors will reduce their cash salaries by 75%, effective today.

Par Pacific Provides Business Update Related to COVID-19

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HOUSTON, April  16, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its first quarter 2020 results after market close on Wednesday, May 6, 2020. This release will be followed by a conference call for investors at 9:00 a.m. Central Time (10:00 a.m. Eastern) on Thursday, May 7, 2020. The full text of the release will be available on Par Pacific’s website at  http://www.parpacific.com .

Par Pacific Holdings Announces First Quarter 2020 Earnings Release and Conference Call Schedule

HOUSTON, April  10, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) announced that it will hold its 2020 annual meeting of stockholders virtually due to the public health impact of the coronavirus outbreak (COVID-19) and to protect the health and well-being of its employees, stockholders, and its community. 

Par Pacific Holdings to Hold Virtual Annual Meeting of Stockholders

HOUSTON, March  24, 2020  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that in response to reduced refined product demand in Hawaii resulting from COVID-19, it has decreased throughput rates for its Hawaii refinery.  The proposed reduction permits Par Pacific to maintain an ample supply of refined product to satisfy Hawaii’s refined product needs.   In addition, Par Pacific intends to defer the turnaround of its Hawaii refinery until the third quarter of 2020.

PAR PACIFIC HOLDINGS ANNOUNCES HAWAII PRODUCTION REDUCTIONS AND TURNAROUND DEFERRAL

Par Pacific Holdings, Inc. (PARR) CEO William Pate on Q4 2019 Results - Earnings Call Transcript

Par Petroleum (PARR) delivered earnings and revenue surprises of 100.00% and -6.29%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Par Petroleum (PARR) Tops Q4 Earnings Estimates

Par Pacific Holdings, Inc. (PARR) CEO William Pate on Q3 2019 Results - Earnings Call Transcript

Par Petroleum (PARR) delivered earnings and revenue surprises of 30.00% and -6.68%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Par Petroleum (PARR) Q3 Earnings Top Estimates

HOUSTON, Oct.  22, 2019  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its senior management team will attend the following investor conferences in December 2019.

Par Pacific Holdings Management to Participate in December 2019 Investor Conferences

HOUSTON, Sept.  16, 2019  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced the completion of several projects at its Hawaii refining operations as well as the grant of small refinery exemptions for the 2018 compliance year.

Par Pacific Holdings Reports Third Quarter 2019 Operational and Financial Updates

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HOUSTON, Aug.  19, 2019  (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will attend the 2019 Seaport Global Securities Energy & Industrials Conference in Chicago on August 28, 2019.  Will Monteleone, Chief Financial Officer and Suneel Mandava, SVP, Finance will participate in 1x1 meetings. 

Par Pacific Holdings to Participate in the Seaport Global Securities Energy & Industrials Conference

CFO of Par Pacific Holdings Inc (30-Year Financial, Insider Trades) William Monteleone (insider trades) sold 80,421 shares of PARR on 08/08/2019 at an average price of $21.55 a share.

Par Pacific Holdings Inc (PARR) CFO William Monteleone Sold $1.7 million of Shares

Par Pacific Holdings, Inc. (PARR) CEO William Pate on Q2 2019 Results - Earnings Call Transcript

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