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 (NYSE: PARR) is set to announce its second quarter 2022 financial results on August 8, 2022, after market close. A conference call for investors will follow on August 9 at 9:00 a.m. CT. The company operates significant energy and retail businesses, owning a major network in Hawaii and additional refining capacity in the Pacific Northwest and Rockies. Their focus is on acquiring and developing niche markets. For more information, visit their website.
On June 8, 2022, Hawaiian Airlines and Par Pacific Holdings (NYSE: PARR) announced a partnership to explore the production of sustainable aviation fuels (SAF) in Hawaii. This initiative aims to reduce carbon emissions and promote local fuel production. The companies plan to evaluate converting processing units at Par Pacific’s refinery for renewable fuel production and support local oil crop cultivation. The partnership is expected to positively impact Hawaii's energy sustainability by addressing approximately 40% of the state's aviation fuel demand.
Par Pacific Holdings, Inc. (NYSE: PARR) announced its management team's participation in several upcoming conferences. Key events include the Goldman Sachs Leveraged Finance and Credit Conference on May 12, 2022, and the TPH Disrupting Hotter ‘N Hell Energy Conference on May 19, 2022, both promoting strategic discussions in the energy sector. Other notable conferences are scheduled with RBC and Bank of America on June 7 and June 8, respectively. Par Pacific, headquartered in Houston, operates significant energy infrastructures across Hawaii and the Pacific Northwest, with potential growth initiatives detailed in its latest investor presentation.
Par Pacific Holdings (NYSE: PARR) reported a net loss of $(137.1) million, equating to $(2.31) per diluted share, for Q1 2022, worsening from a $(62.2) million loss in Q1 2021. The adjusted net loss was $(31.4) million, a slight improvement from $(75.4) million in Q1 2021. Adjusted EBITDA was $8.3 million, up from a $(34.4) million loss in the prior year. The refining segment reported an operating loss of $(118.3) million. Despite challenges, President William Pate highlighted successful refinishing turnaround operations, anticipating positive market conditions ahead.
Par Pacific Holdings, Inc. (NYSE: PARR) announced the appointment of Richard Creamer as Executive Vice President, Refining and Logistics. Creamer, with significant experience including leadership positions at HF Sinclair and previous roles at Par Pacific, is expected to bring valuable expertise to the company. William Pate, CEO, emphasized Creamer's strong communication and relationship-building skills as key factors for his selection. Par Pacific operates major energy and retail businesses, with substantial refining capacity in Hawaii and the Pacific Northwest.
Par Pacific Holdings, Inc. (NYSE: PARR) will announce its first quarter 2022 results on May 4, 2022, after market close. An investor conference call is scheduled for May 5, 2022, at 9:00 a.m. Central Time. The earnings release and webcast details will be accessible on their website. Par Pacific operates a significant energy network, including a refining capacity of 94,000 bpd in Hawaii and 60,000 bpd in the Pacific Northwest, alongside a 46% stake in Laramie Energy for natural gas production.
Par Pacific Holdings, Inc. (NYSE: PARR) has decided to suspend purchases of Russian crude oil for its Hawaii refinery due to recent geopolitical events. The company emphasizes its commitment to Hawaii's energy security and will source crude primarily from North and South America to meet fuel production needs. Par Pacific operates significant energy infrastructure and retail businesses in Hawaii and the Pacific Northwest, with a combined refining capacity of 154,000 bpd. The situation remains dynamic, and the company will monitor the geopolitical landscape closely.
Par Pacific Holdings (NYSE: PARR) reported financial results for Q4 and FY 2021, revealing a net income of $8.1 million ($0.14/share) for Q4, a significant improvement from a net loss of $(131.9) million in Q4 2020. Full-year net loss was $(81.3) million ($1.40/share), an improvement from $(409.1) million in 2020. Adjusted EBITDA for 2021 was $61.5 million, contrasting with $(86.7) million in 2020. The company noted improved market conditions and focuses on operational reliability and growth opportunities. Liquidity stood at $178.7 million, with cash balances at $112.2 million.
Par Pacific Holdings (NYSE: PARR) announced participation in three upcoming conferences. Management will attend the Credit Suisse 27th Annual Energy Summit on February 28, 2022 in Vail, Colorado, followed by the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 2, 2022 in Miami, FL, and the Bank of America 2022 Refining Conference virtually on March 10, 2022. Investors can access the latest presentation on Par Pacific's website for further insights into the company's operations and strategic initiatives.
Par Pacific Holdings, Inc. (NYSE: PARR) announced its fourth quarter 2021 earnings release, scheduled for February 23, 2022, after market close. The company will host a conference call on February 24, 2022, at 9:00 a.m. Central Time. Par Pacific operates a significant energy network in Hawaii, with a refining capacity of 94,000 barrels per day and additional capacity in the Pacific Northwest and Rockies. The firm also holds a 46% stake in Laramie Energy, focusing on natural gas production in Western Colorado.