STOCK TITAN
  1. Home
  2. News
  3. PARR

Par Pacific Holdings Inc - PARR STOCK NEWS

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

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.

News
Par Pacific Announces First Quarter 2024 Earnings Release and Conference Call Schedule
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
earnings
-
News
Par Pacific Announces Expected Term Loan Repricing
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
-
News
Par Pacific Announces Amendment to ABL Credit Facility and Credit Rating Upgrade by Moody’s Investors Service
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
News
Par Pacific Announces Expected Increase in ABL Commitments to up to $1.4 billion and Replacement of Intermediation Facility
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
-
News
nomnom Rewards Customers Score Big Savings On Gas During March
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
-
News
NOV Appoints Patricia Martinez to the Board of Directors
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
News
Par Pacific Management to Participate in Investor Conferences
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
-
News
Par Pacific Announces CEO Transition Plans
Rhea-AI Summary
Par Pacific Holdings, Inc. announces William Pate's retirement as CEO and the appointment of Will Monteleone as the new President and CEO. Pate will step down after 8 years, with Monteleone taking over in May 2024. The Board of Directors praises Pate's leadership, highlighting the company's significant growth under his tenure. Monteleone, a long-time executive at Par Pacific, is seen as a capable successor with a strong management team to drive future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.86%
Tags
none
-
News
Par Pacific Reports Fourth Quarter and Record 2023 Results
Rhea-AI Summary
Par Pacific Holdings, Inc. (NYSE: PARR) reports strong financial results for Q4 and full year 2023 with Net Income of $728.6 million and Adjusted EBITDA of $696.2 million for the year. Refining segment shows significant growth in operating income and Adjusted Gross Margin. Retail segment reports increased fuel sales volumes and merchandise revenue. Logistics segment also sees a rise in operating income and Adjusted EBITDA. The company's liquidity remains stable with a cash balance of $279.1 million and total liquidity of $644.5 million at the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.86%
Tags
none
News
Par Pacific Announces Fourth Quarter 2023 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Par Pacific Holdings, Inc. (PARR) announced the release of its fourth quarter 2023 results on February 27, 2024, followed by an investor conference call on February 28, 2024. The company will provide the full text of the release on its website and offer a live audio webcast. A replay will also be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
earnings
Stock PARR logo
Par Pacific Holdings Inc

NYSE:PARR

PARR Rankings

#1897 Ranked by Market Cap
#510 Ranked by Stock Gains
N/A Ranked by Dividends

PARR Stock Data

2.05B
58.04M
2.53%
96.12%
4.48%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
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”.