Par Pcifc Hldngs Stock Price, News & Analysis

Par Pacific Holdings (NYSE: PARR) announced that its President & CEO, Joseph Israel, will speak at the Reuters Events Downstream Leadership Forum on November 19-20, 2020. During the event, Israel will lead a virtual discussion on the refining industry's outlook at 8:15 a.m. CST, followed by a Q&A session. Par Pacific operates a robust energy network, with significant refining capacity in Hawaii and the Pacific Northwest, along with retail locations and a stake in natural gas production.

Par Pacific reported a net loss of $14.3 million for Q3 2020, significantly improved from a $83.9 million loss in Q3 2019. Adjusted Net Loss was $56.5 million, compared to an Adjusted Net Income of $4.0 million last year. The company's Adjusted EBITDA was $(16.1) million, down from $47.0 million in 2019. Despite challenges, Par Pacific successfully completed two major turnarounds and aims for positive cash flow in 2021, aided by strategic improvements in Hawaii and logistics projects.

Par Pacific Holdings, Inc. (NYSE: PARR) will release its third quarter 2020 earnings on November 2, 2020, before market opening. The company will hold a conference call for investors at 9:30 a.m. Central Time, which can be accessed via a provided dial-in number or online at Par Pacific’s website. The earnings release and related materials will be available on their site. Par Pacific operates significant energy and retail businesses, particularly in Hawaii, with a combined refining capacity of 148,000 bpd.

Par Pacific Holdings, Inc. (NYSE: PARR) reported a net loss of $40.6 million, or $(0.76) per diluted share, for Q2 2020, compared to a net income of $28.2 million in Q2 2019. Adjusted EBITDA was $(50.3 million), down from $68.5 million in the same period last year. The Refining segment showed an operating loss of $36.8 million and an Adjusted Gross Margin of $(22.3 million). However, Retail operations saw record results, contributing to a positive Adjusted EBITDA of $18.8 million.

Par Pacific Holdings (NYSE: PARR) will announce its second quarter 2020 earnings before the market opens on August 10, 2020. A conference call for investors is scheduled for the same day at 9:00 a.m. Central Time. The company's diverse operations include significant refining capacities in Hawaii and the Pacific Northwest, as well as a stake in Laramie Energy. Par Pacific focuses on acquiring and developing businesses in logistically challenging markets.

Par Pacific Holdings, Inc. (NYSE: PARR) announced the closing of a private offering of $105 million in 12.875% senior secured notes due 2026. The net proceeds will be used for general corporate purposes. The notes are secured senior obligations, guaranteed by existing and certain future subsidiaries. Offered to qualified institutional buyers, the notes were not registered under the Securities Act and cannot be sold in the U.S. without registration. This move strengthens Par Pacific's financial position as it navigates market complexities.

Par Pacific Holdings, Inc. (NYSE: PARR) announced the participation of CEO Joseph Israel in the Reuters Events Downstream Virtual 2020 Conference, scheduled for June 9-11, 2020. Mr. Israel will discuss the Impact of COVID-19 on Refining on June 9 at 9:30 a.m. CDT. Par Pacific operates extensive energy, infrastructure, and retail businesses, including significant refining capacities in Hawaii (148,000 bpd) and the Pacific Northwest (60,000 bpd). Additionally, the company holds a 46% stake in Laramie Energy, LLC, focusing on natural gas production in Western Colorado.

Par Pacific Holdings (NYSE: PARR) announced that CFO Will Monteleone will participate in the Bank of America Securities 2020 Energy Credit Conference via webcast on June 4, 2020. He will host a presentation and engage in one-on-one meetings. Par Pacific, based in Houston, operates significant energy and retail businesses, including the largest energy network in Hawaii with a refining capacity of 148,000 bpd, and an additional 60,000 bpd refining capacity in the Pacific Northwest and Rockies. They also own 46% of Laramie Energy, a natural gas production company.

Par Pacific Holdings, Inc. (NYSE: PARR) has announced a private offering of $105 million in 12.875% senior secured notes due 2026. This offering is targeted at qualified institutional buyers and aims to enhance liquidity amid economic uncertainties. The Notes are secured by the Issuers' assets and expected to close on June 5, 2020. Proceeds will be utilized for general corporate purposes. CEO William Pate emphasized the importance of maintaining liquidity during the ongoing economic recovery post-COVID-19 shutdowns.