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. (NYSE: PARR) generates frequent news as an energy company headquartered in Houston, Texas with refining, logistics, retail and renewable fuels operations focused on the western United States. Company announcements often cover refinery performance, segment results, capital allocation decisions and developments in its renewable fuels strategy.
Recent news releases have highlighted quarterly financial results for its refining, retail and logistics segments, including updates on refinery throughput in Hawaii, the Pacific Northwest and the Rockies. Par Pacific’s disclosures also describe stock repurchase activity, liquidity, term debt balances and changes to its term loan credit agreement, such as amendments that adjust interest margins.
Another recurring news theme is Par Pacific’s investment in renewable fuels, particularly through Hawaii Renewables, LLC, a joint venture co-located with the Kapolei refinery. News items have detailed the signing and closing of the joint venture with Alohi Renewable Energy LLC, the expected production of renewable diesel, sustainable aviation fuel, renewable naphtha and low carbon liquified petroleum gases, and related commodity swap and credit arrangements. Announcements have also covered partnerships involving Par Hawaii in the development of sustainable aviation fuel in Hawaii.
Investors following PARR news can expect updates on capital expenditure guidance, turnaround plans, financing arrangements, renewable fuels projects, and equity earnings from Laramie Energy, LLC, in which Par Pacific holds a significant interest. Bookmarking this news feed provides a single place to review Par Pacific’s earnings releases, transaction announcements, joint venture milestones and other material company communications as they are reported.
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.
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.