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Par Pacific Holdings Inc   (PARR)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $34.5300 $-0.46 -1.315%
Day's High: $35.455 Week Perf: -10.01 %
Day's Low: $ 34.27 30 Day Perf: -3.87 %
Volume (M): 669 52 Wk High: $ 40.70
Volume (M$): $ 23,111 52 Wk Avg: $32.03
Open: $35.18 52 Wk Low: $20.30



 Market Capitalization (Millions $) 2,107
 Shares Outstanding (Millions) 61
 Employees 863
 Revenues (TTM) (Millions $) 8,232
 Net Income (TTM) (Millions $) 729
 Cash Flow (TTM) (Millions $) -215
 Capital Exp. (TTM) (Millions $) 82

Par Pacific Holdings Inc

The Company was incorporated in the State of Nevada on October 26, 2009. The Company is engaged in the search mineral deposits or reserves which are not in the development or production stage. The Company intends to explore for oil and gas on its mining property.

1) Refining - Our refinery in Kapolei, Hawaii, produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel and other associated refined products primarily for consumption in Hawaii. Our refinery in Newcastle, Wyoming, produces gasoline, ultra-low sulfur diesel, jet fuel and other associated refined products that are primarily marketed in Wyoming and South Dakota.


2) Retail - Our retail outlets sell gasoline, diesel and retail merchandise throughout the islands of Oahu, Maui, Hawaii and Kauai. Our retail network includes Hele, Tesoro and "76" branded retail sites, cardlock stations, company-operated convenience stores, sites operated in cooperation with 7-Eleven and other sites operated by third parties. We recently completed the rebranding of 32 out of 90 fueling stations in Hawaii to Hele, a new proprietary brand.


3) Logistics - We own and operate terminals, pipelines, a single-point mooring ("SPM") and trucking operations to distribute refined products throughout the island of Oahu as well as the neighboring islands of Maui, Hawaii, Molokai and Kauai. We own and operate a crude oil pipeline gathering system and related storage facilities in Wyoming and a refined products pipeline that transports product from our Wyoming refinery to a common carrier with access to Rapid City, South Dakota. Our Wyoming operations include storage, loading racks and a rail siding at the refinery site. We also own and operate a jet fuel storage facility and pipeline that serve Ellsworth Air Force Base in South Dakota.

We own an equity investment in Laramie Energy, LLC ("Laramie Energy," formerly known as Piceance Energy, LLC), a joint venture entity focused on producing natural gas in Garfield, Mesa and Rio Blanco Counties, Colorado. On December 17, 2015, we entered into an equity commitment letter with Laramie Energy, pursuant to which we agreed to purchase certain membership interests of Laramie Energy for an aggregate cash purchase price of $55.0 million, subject to certain financing commitments by various lenders and additional equity investors, in connection with the closing of a purchase and sale agreement whereby Laramie Energy agreed to acquire certain properties in the Piceance Basin for $157.5 million, subject to customary purchase price adjustments. The transaction closed on March 1, 2016, and, upon the closing of the transaction, Laramie Energy assumed ownership and operatorship of the purchased properties and our ownership interest in Laramie Energy increased from 32.4% to 42.3%.


The refining, retail and logistics segments were established through the acquisition of Par Hawaii Refining, LLC ("PHR," formerly Hawaii Independent Energy, LLC) from Tesoro Corporation ("Tesoro") on September 25, 2013 for approximately $75 million in cash, plus net working capital and inventories, certain contingent earn-out payments of up to $40 million and the funding of certain start-up expenses and overhaul costs prior to closing. During 2014, we successfully completed the integration of PHR, terminated a transition services agreement with Tesoro and greatly reduced our reliance on third-party service providers in operating our business. The contingent earn-out payments are calculated annually for each of the years ended 2014, 2015 and 2016 with an annual cap of $20 million. During 2016, we paid Tesoro a total of $16.8 million to settle the 2014 and 2015 earn-out payments.

 



   Company Address: 825 Town & Country Lane, Suite 1500 Houston, 77024 TX
   Company Phone Number: 899-4800   Stock Exchange / Ticker: NYSE PARR
   


Customers Net Income grew by PARR's Customers Net Profit Margin grew to

147.85 %

5.06 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CHKEW     
EOG   -0.12%    
EQT        1.11% 
OXY        0.41% 
PXD        0.11% 
SWN   -1.59%    
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Product Service News

Par Pacific Announces Term Loan Repricing While Outperforming Competitors in Revenue Growth and Profitability

Published Thu, Mar 28 2024 8:30 PM UTC

Par Pacific Holdings Inc (NYSE: PARR) has recently made an encouraging announcement regarding the anticipated repricing and allocation of its existing term loan credit agreement due 2030, known as the Term Loan Facility. The company aims to significantly reduce the Applicable Margin under the loan facility, resulting in a more favorable interest rate structure. Alongside thi...

Product Service News

Par Pacific Holdings, Inc. Amps Up Growth Strategy with Credit Facility Expansion and Credit Rating Upgrade Amidst Strong Sales Performance

Published Mon, Mar 25 2024 12:01 PM UTC

Par Pacific Holdings, Inc. (NYSE: PARR) recently announced that it has entered into an amendment to its asset-based revolving credit facility (ABL). The amendment will result in an increase in the company's ABL from $900 million to $1.4 billion and is subject to the termination of its existing intermediation agreement, which is expected to take place by May 31, 2024. This de...

Financing Agreement

Par Pacific Drives Growth and Efficiency with Expanded ABL Commitments and Financial Restructuring

Published Wed, Mar 20 2024 9:13 PM UTC

Par Pacific Expands ABL Commitments and Implements Financial Restructuring to Drive Growth and Efficiency
Houston, March 20, 2024 - Par Pacific Holdings, Inc. (NYSE: PARR), a leading energy company, has announced its plans for a significant increase in lender commitments under its existing asset-based revolving credit facility (ABL), potentially reaching up to $1.4 billi...

Financing Agreement

Par Pacific Holdings Reveals Ambitious Capital Expenditure and Turnaround Outlook for 2024

Published Thu, Dec 21 2023 10:00 PM UTC



Par Pacific Holdings, Inc. (NYSE: PARR), commonly known as ParPacific, has recently unveiled its much-anticipated 2024 capital expenditure and turnaround outlay guidance. The announcement comes as a significant milestone in the company's strategic planning, signaling a strong commitment to growth, operational efficiency, and long-term sustainability. With the plann...

Product Service News

Par Pacific's Pioneering Cogeneration Project Steers Hawaii's Renewable Energy Future Amidst Revenue Setbacks

Published Sat, Dec 9 2023 1:38 AM UTC



Par Pacific Holdings, Inc. (NYSE: PARR) is set to revolutionize Hawaii's energy landscape with its 30 Megawatt renewable cogeneration development project. Recently selected as a finalist by Hawaiian Electric, the project aims to meet the state's renewable energy objectives while leveraging the existing infrastructure at Par Pacific's Kapolei refinery. Despite facin...






 

Par Pacific Holdings Inc's Segments
 
 
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