Par Pcifc Hldngs Stock Price, News & Analysis

Par Pacific Holdings, Inc. (NYSE: PARR) announced a sale-leaseback transaction with Realty Income Corporation, involving the sale of 22 retail convenience store/fuel station properties in Hawaii for $116.1 million. The company will lease back the properties for 15 years with an option to extend for 20 years. Approximately $53.2 million from the proceeds will be used to repay debt, with the remainder for general corporate purposes. The transaction is expected to close in Q1 2021 without disruption to operations.

Par Pacific Holdings, Inc. (NYSE: PARR) will release its fourth quarter 2020 results on February 24, 2021, after market closure. An investor conference call is scheduled for February 25, 2021, at 9:00 a.m. Central Time. Participants should dial in 10 minutes early at either 1-866-807-9684 (toll-free) or 1-412-317-5415 (toll). A replay will be available until March 11, 2021. Par Pacific operates major energy networks in Hawaii and the Pacific Northwest, featuring significant refining capacities and retail locations. Further details are available on their website.

Par Pacific Holdings (NYSE: PARR) announced participation in upcoming investor events, including the 3rd Annual Mizuho Virtual Refining Conference on January 5, 2021, and the Goldman Sachs Global Energy Conference on January 7, 2021. The management team will present and engage in 1x1 sessions with investors. Par Pacific operates extensive energy networks in Hawaii, with a combined refining capacity of 148,000 bpd and 91 retail locations. In the Pacific Northwest and Rockies, the company manages 60,000 bpd of refining capacity and 33 retail locations. Details are available on their website.

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.