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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, 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.
Par Pacific Holdings (NYSE: PARR) announced its 2022 capital expenditure and turnaround guidance, estimating a total range of $70 million to $80 million. Key allocations include approximately $30 million for refinery turnaround costs in Washington during Q1 2022. Additionally, around $35 million will be directed toward maintenance, regulatory, and IT needs, with $10 million earmarked for growth capital investments.
HOUSTON, Nov. 23, 2021 – Par Pacific Holdings (NYSE: PARR) announced participation in upcoming conferences. Management will present at the Cowen 2021 Energy Summit on December 1, 2021, virtually, and at the Goldman Sachs 2022 Global Energy and Clean Technology Conference on January 6, 2022, in Aventura, FL. The latest investor presentation is accessible on their website. Par Pacific operates a significant energy network in Hawaii with a refining capacity of 94,000 bpd and has a combined refining capacity of 60,000 bpd in the Pacific Northwest and Rockies.
Par Pacific Holdings, Inc. (NYSE: PARR) reported a record net income of $81.8 million or $1.37 per diluted share for Q3 2021, compared to a net loss of $14.3 million in Q3 2020. Adjusted net income was $45.1 million, an increase from an adjusted net loss of $56.5 million in the prior year. The company’s adjusted EBITDA reached $84.7 million, up from $(16.1) million in Q3 2020. The refining segment showed substantial improvement with an operating income of $86.4 million and throughput of 81 Mbpd. Total liquidity stood at $276.8 million.
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Par Pacific Holdings (NYSE: PARR) has appointed Phil Davidson to its Board of Directors, effective October 25, 2021. Davidson, a retired four-star Admiral, previously served as Commander of the United States Indo-Pacific Command. His extensive experience in military and governmental affairs is expected to enhance the Board's strategic perspectives. Par Pacific, based in Houston, Texas, operates energy and retail businesses, including significant refining capacities in Hawaii and the Pacific Northwest.