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Par Pacific Holdings, Inc. (PARR) operates across refining, logistics, retail, and natural gas sectors, strategically managing energy infrastructure in key U.S. markets. This resource provides investors and industry stakeholders with centralized access to official company announcements and market-moving developments.
Track critical updates including quarterly earnings disclosures, operational efficiency initiatives, and strategic acquisitions. Our curated feed includes regulatory filings, partnership announcements, and leadership updates directly from PARR's corporate communications.
Discover comprehensive coverage of the company's refining capacity adjustments, logistics network expansions, and retail segment developments. Content spans Laramie Energy operational updates, Hawaii market activities, and Wyoming infrastructure projects.
Bookmark this page for streamlined monitoring of Par Pacific's evolving market position. Verify time-sensitive decisions against primary source materials while maintaining awareness of energy sector compliance developments.
Par Pacific Holdings, Inc. (NYSE: PARR) announced it will release its first quarter 2023 results on May 3, 2023, after market close. This will be followed by an investor conference call on May 4, 2023, at 9:00 a.m. Central Time. The conference can be accessed via dial-in or online at Par Pacific's website. The company owns and operates significant energy and retail businesses in Hawaii and the Pacific Northwest, boasting a refining capacity of 94,000 bpd in Hawaii and 61,000 bpd in the Pacific Northwest. In addition, Par Pacific holds a 46% stake in Laramie Energy, a natural gas producer in Western Colorado. This financial update underscores the company's operational scale and strategic positioning within niche markets.
Par Pacific Holdings, Inc. (NYSE: PARR) announced participation in the Piper Sandler 23rd Annual Energy Conference on March 21, 2023, in Las Vegas. The management team will highlight Par Pacific's strategic focus on acquiring and developing niche market businesses in the energy sector.
Par Pacific owns one of Hawaii's largest energy networks, with 94,000 bpd refining capacity and 90 retail locations. Additionally, it operates 61,000 bpd in the Pacific Northwest and Rockies and holds a 46% stake in Laramie Energy, a natural gas production company in Colorado. For more details, visit www.parpacific.com.
Par Pacific Holdings, Inc. (NYSE: PARR) announced the results of its cash tender offers for two series of senior secured notes, totaling approximately $312 million. The offers expired on February 23, 2023, with about 92.74% of the 2025 Notes and 92.73% of the 2026 Notes validly tendered. The company will accept and pay for these notes, pending the successful raising of at least $550 million through a private term loan due 2030. Par Pacific has also exercised its optional redemption rights for the outstanding notes, satisfying the indentures on the settlement date.
Par Pacific Holdings reported strong financial results for Q4 and the full year 2022. Q4 net income hit $84.7 million ($1.40 per diluted share), while full-year net income was $364.2 million ($6.08 per diluted share), a significant turnaround from a loss of $(81.3) million in 2021. Adjusted EBITDA for 2022 reached $643.4 million, up from $125.6 million in 2021. The refining segment showed substantial gains, with an operating income of $401.9 million, driven by improved margins and throughput. However, the retail segment's operating income declined compared to 2021, affected by prior asset sales. Overall, the robust market conditions contributed to record financial performance in 2022.
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