Welcome to our dedicated page for Par Pcifc Hldngs news (Ticker: PARR), a resource for investors and traders seeking the latest updates and insights on Par Pcifc Hldngs stock.
Par Pacific Holdings, Inc. reports developments for an energy company that produces and supplies conventional and renewable fuels in the western United States. Its updates commonly cover refining results, throughput, adjusted margins, capital spending, turnaround activity, liquidity and share repurchases across operations in Hawaii, the Pacific Northwest and the Rockies.
The company’s news also follows its logistics network, retail fuel and convenience brands, renewable fuels activity in Hawaii, and its ownership interest in Laramie Energy, LLC, a Western Colorado natural gas producer. Recurring announcements include quarterly earnings, conference-call schedules, debt and credit matters, refinery reliability projects, and commercial partnerships tied to transportation fuels and sustainable aviation fuel supply chains.
Par Pacific Holdings, Inc. (NYSE: PARR) will release its third quarter 2021 results after market close on November 3, 2021. An investor conference call is scheduled for November 4, 2021, at 9:00 a.m. Central Time. Par Pacific operates a significant energy network with 94,000 bpd refining capacity in Hawaii and 60,000 bpd in the Pacific Northwest and Rockies. The company also holds a 46% stake in Laramie Energy, involved in natural gas production in Western Colorado.
Par Pacific Holdings (NYSE: PARR) reported its financial results for Q2 2021, revealing a net loss of $109.0 million, or $(1.84) per diluted share, compared to a net loss of $40.6 million in Q2 2020. The adjusted net loss was $48.0 million, an improvement from $90.8 million the previous year. Adjusted EBITDA was $(6.7 million). The quarter was impacted by a $27.3 million mark-to-market expense related to RINs. While the refining segment faced an operating loss of $99.1 million, logistics showed growth with operating income of $14.5 million.
Par Pacific Holdings, Inc. (NYSE: PARR) announced the appointment of Anthony Chase to its Board of Directors, effective July 29, 2021. Chairman Robert Silberman expressed confidence that Mr. Chase's extensive experience across various industries will enhance the Board's skill set and support the company's growth objectives. Mr. Chase is the Chairman and CEO of ChaseSource, L.P., and has significant board experience with other major companies. Par Pacific operates a leading energy network, particularly in Hawaii, and has substantial refining capacities.
Par Pacific Holdings, Inc. (NYSE: PARR) announced its second quarter 2021 results will be released after market close on August 4, 2021. A conference call for investors is scheduled for August 5, 2021, at 9:00 a.m. Central Time. The call will include a discussion of the earnings results, and the full text will be available on Par Pacific's website. The company operates significant energy networks in Hawaii and the Pacific Northwest, with a total refining capacity of 154,000 bpd and 121 retail locations.
Par Pacific Holdings, Inc. (NYSE: PARR) has successfully paid down $85 million in principal debt, enhancing its financial position. The company redeemed $36.75 million of its Senior Secured Notes due 2026 at a premium, leaving $68.25 million outstanding. Additionally, it fully paid $48.7 million of its Convertible Senior Notes due 2021. Par Hawaii Refining, LLC has entered a supply agreement with J. Aron & Company, effective until May 31, 2024. CFO Will Monteleone stated that these efforts contribute to their capital allocation strategy while maintaining over $200 million in liquidity.
Par Pacific Holdings (NYSE: PARR) will present at three virtual conferences in June 2021:
- June 8: RBC Capital Markets Global Energy, Power & Infrastructure Conference
- June 10: TPH Hotter ‘N Hell Energy Conference
- June 23: JPM Energy, Power and Renewables Conference
Investors can access the latest presentation on Par Pacific's website. The company operates significant energy and retail businesses with a focus on logistically complex markets, including a substantial network in Hawaii and operations in the Pacific Northwest and Rockies.
Par Pacific Holdings (NYSE: PARR) announced that Will Monteleone, Chief Financial Officer, will present virtually and hold 1x1 meetings with investors at the Goldman Sachs 6th Annual Credit and Leveraged Finance Conference on May 17, 2021. The latest investor presentation can be accessed on the company's website. Par Pacific operates substantial energy and retail businesses, including a significant refining capacity in Hawaii and the Pacific Northwest, alongside a stake in Laramie Energy, a natural gas production company.
Par Pacific Holdings reported a net loss of $62.2 million for Q1 2021, translating to $(1.15) per diluted share, marking an improvement from a net loss of $222.3 million in the same quarter of 2020. Adjusted EBITDA stood at $(43.3) million, significantly down from $13.7 million year-on-year. The refining segment faced an operating loss of $90.9 million, although it was an improvement compared to the previous year’s $168.6 million loss. The company executed an equity offering, raising $87.4 million in March 2021, contributing to a cash balance of $214.7 million as of March 31, 2021.
Par Pacific Holdings, Inc. (NYSE: PARR) will release its first quarter 2021 results on May 5, 2021, post market close.
A conference call for investors is scheduled for May 6, 2021, at 9:00 a.m. Central Time. Interested participants can join by dialing 1-866-807-9684 toll-free.
Par Pacific operates significant energy assets including a major network in Hawaii with 94,000 bpd refining capacity and additional operations in the Pacific Northwest and Rockies.
Details for accessing the webcast and replay are available on the company’s website.
Par Pacific Holdings, Inc. (NYSE: PARR) has priced a public offering of 5,000,000 shares of common stock at $16.00 per share, with a 30-day option for underwriters to purchase an additional 750,000 shares. The offering is set to close on March 19, 2021, pending customary conditions. Proceeds will be used for general corporate purposes, including debt repayment and capital expenditures. J.P. Morgan and Goldman Sachs are the lead bookrunners for the offering, which is made under an effective shelf registration statement.