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 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.
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