STOCK TITAN

Par Pacific Holdings, Inc. - $PARR STOCK NEWS

Welcome to our dedicated page for Par Pacific Holdings news (Ticker: $PARR), a resource for investors and traders seeking the latest updates and insights on Par Pacific Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Par Pacific Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Par Pacific Holdings's position in the market.

Rhea-AI Summary

Par Pacific Holdings, Inc. (NYSE: PARR) will participate in key investor conferences including Goldman Sachs Ninth Annual Leveraged Finance and Credit Conference, TPH & Co. 2024 Hotter 'N Hell Energy Conference, and J.P. Morgan Energy, Power & Renewables Conference. Investors can access the latest presentation on Par Pacific's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
-
Rhea-AI Summary

Par Pacific Holdings, Inc. (NYSE: PARR) reported financial results for Q1 2024, with a net loss of $(3.8) million. Adjusted Net Income was $41.7 million, while Adjusted EBITDA reached $94.7 million. The company repurchased $73 million of common stock and increased management share repurchase authority to $250 million. Refinancing activities led to $13 million annual cash savings. Despite a net loss, the company remains well-capitalized to pursue strategic objectives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
-
Rhea-AI Summary

nomnom, a subsidiary of Par Pacific Holdings, launches a summer sweepstakes offering a chance to win a trip to Colorado for a Major League Baseball game. Customers can enter the sweepstakes through the nomnom app, with one lucky winner randomly selected in August. The sweepstakes runs from May 1 to July 31, featuring prizes like a Southwest gift card, hotel stay, jerseys, and game tickets. nomnom Rewards members also enjoy everyday savings and surprise giveaways.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
Rhea-AI Summary
Par Pacific Holdings, Inc. (PARR) announced the release of its first quarter 2024 results on May 6, 2024, followed by an investor conference call on May 7, 2024. The call will be at 9:00 a.m. Central Time. Details for accessing the call and related materials are provided on Par Pacific's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.06%
Tags
-
Rhea-AI Summary
Par Pacific Holdings, Inc. (PARR) announces the repricing of its term loan credit agreement, expecting significant cost savings. Moody's upgraded the company's corporate family rating. The amendment will reduce the Applicable Margin by 50 basis points, leading to annual cash savings of over $3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
-
Rhea-AI Summary
Par Pacific Holdings, Inc. (PARR) expands its asset-based revolving credit facility to $1.4 billion through an amendment, enhancing its financial flexibility and liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
Rhea-AI Summary
Par Pacific Holdings, Inc. (PARR) announces an expected increase in lender commitments under its asset-based revolving credit facility to $1.4 billion. The company plans to refinance existing financing facilities for Hawaii operations, reducing working capital costs by $10 million annually and increasing funding flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
-
Rhea-AI Summary
Par Pacific Holdings' subsidiary, nomnom, offers a -time promotion 'nomnom Madness' where rewards customers can save 25 cents per gallon on gas until March 31, compared to the usual 15 cents per gallon discount. The promotion aims to provide more savings and value to customers, encouraging them to take advantage of the low gas prices in the Pacific Northwest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
Tags
none
-
Rhea-AI Summary
NOV Inc. (NYSE: NOV) appoints Patricia Martinez to its Board of Directors, bringing extensive industry experience in energy businesses and the energy transition. Martinez's background includes roles at Enerflex Ltd. and Valerus Compression Services, enhancing NOV's energy transition strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
management
Rhea-AI Summary
Par Pacific Holdings, Inc. (PARR) management team to participate in Bank of America 2024 Refining Conference and Piper Sandler 24th Annual Energy Conference. Investor presentation accessible on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
conferences
Par Pacific Holdings, Inc.

NYSE:PARR

PARR Rankings

PARR Stock Data

1.77B
58.04M
2.53%
96.12%
4.48%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
HOUSTON

About PARR

par pacific holdings, inc., headquartered in houston, texas, owns, manages and maintains interests in energy and infrastructure businesses. par pacific’s strategy is to identify, acquire and operate energy and infrastructure companies with attractive competitive positions. par pacific owns and operates one of the largest energy infrastructure networks in hawaii with a 94,000-bpd refinery, a logistics network supplying the major islands of the state and 90 retail locations. in wyoming, par pacific owns a refinery and associated logistics network in a niche market. par pacific also owns 42.3% of laramie energy, llc which has natural gas operations and assets concentrated in the piceance basin in western colorado. our common stock is publicly traded in the nyse american under the trading symbol “parr”.