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) has announced its management team's participation in two upcoming investor conferences. The first is the Barclays CEO Energy-Power Conference on September 5, 2024, in New York, NY. The second is the NYSE Energy/Utilities Investor Conference on September 10, 2024, which will be held virtually.
Investors and interested parties can access the most up-to-date investor presentation on the Investors section of Par Pacific's website at www.parpacific.com. This announcement highlights Par Pacific's commitment to engaging with investors and sharing company updates through these important industry events.
Cormetech, a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers, has announced a significant leadership change. Patricia Martinez will be appointed as the new President & CEO, effective August 19th, 2024. She brings over 25 years of industry experience, with a focus on low-carbon energy solutions. Mike Mattes, the current President & CEO, will transition to the role of Chairman of the Board.
Martinez's appointment is expected to drive Cormetech's growth in the emissions control industry, particularly in areas such as Electrification, Carbon Capture Utilization and Sequestration (CCUS), Bio Energy, and Hydrogen. The company aims to leverage her expertise to expand its product lines and solidify its position as an industry leader.
Par Pacific Holdings (NYSE: PARR) reported its Q2 2024 financial results with net income of $18.6 million, or $0.32 per diluted share. Adjusted Net Income was $28.5 million, and Adjusted EBITDA reached $81.6 million. The company successfully executed the Billings turnaround and completed a comprehensive working capital refinancing. Key highlights include:
- Refining segment operating income: $41.2 million
- Retail segment operating income: $16.1 million
- Logistics segment operating income: $18.0 million
- Repurchased $66 million of common stock in Q2
- Cash balance: $179.7 million
- Total liquidity: $520.4 million
The company's performance was driven by consistent refining operations and steady contributions from retail and logistics segments.
Par Pacific Holdings (NYSE: PARR) announced it will release its Q2 2024 financial results after the NYSE closes on August 6, 2024. A conference call for investors is scheduled for August 7, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern). The earnings release and related presentation materials will be available on Par Pacific's website. Investors can participate by dialing a provided toll-free or toll number 10 minutes before the call. A replay will be accessible until August 21, 2024.
Par Pacific has announced a new crude-only intermediation financing agreement with Citigroup Energy to supply crude oil to its Hawaii refinery. The company also terminated a previous supply agreement with J. Aron & Company. Additionally, Par Pacific confirmed an increase in lender commitments under its asset-based revolving credit facility to up to $1.4 billion, based on added collateral assets in Hawaii, including refined product inventory and accounts receivable. All changes became effective on May 31, 2024.
Hele Kamaʻaina Rewards members can enjoy significant savings and exciting opportunities this summer. From June 1 to August 31, 2024, users of the Hele app can enter the 'Hele Tokyo Flyaway' sweepstakes, offering a chance to win 220,000 HawaiianMiles, enough for a round-trip flight to Tokyo on Hawaiian Airlines.
Hele Kamaʻaina Rewards members save $0.25 per gallon daily, and the sweepstakes is exclusive to Hawaii residents aged 18 and older. Participants need a free HawaiianMiles account to receive the miles. Hele convenience stores, part of Par Pacific Holdings, offer this program, accessible via the Hele app available on Google Play and the Apple App Store.
Par Pacific Holdings, Inc. (NYSE: PARR) will participate in key investor conferences including Goldman Sachs Ninth Annual Leveraged Finance and Credit Conference, TPH & Co. 2024 Hotter 'N Hell Energy Conference, and J.P. Morgan Energy, Power & Renewables Conference. Investors can access the latest presentation on Par Pacific's website.
Par Pacific Holdings, Inc. (NYSE: PARR) reported financial results for Q1 2024, with a net loss of $(3.8) million. Adjusted Net Income was $41.7 million, while Adjusted EBITDA reached $94.7 million. The company repurchased $73 million of common stock and increased management share repurchase authority to $250 million. Refinancing activities led to $13 million annual cash savings. Despite a net loss, the company remains well-capitalized to pursue strategic objectives.
nomnom, a subsidiary of Par Pacific Holdings, launches a summer sweepstakes offering a chance to win a trip to Colorado for a Major League Baseball game. Customers can enter the sweepstakes through the nomnom app, with one lucky winner randomly selected in August. The sweepstakes runs from May 1 to July 31, featuring prizes like a Southwest gift card, hotel stay, jerseys, and game tickets. nomnom Rewards members also enjoy everyday savings and surprise giveaways.
Summary not available.