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. (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.
Cormetech, a leading manufacturer of SCR Catalyst and Carbon Capture Adsorbers, has announced a significant leadership change. Patricia Martinez will be appointed as the new President & CEO, effective August 19th, 2024. She brings over 25 years of industry experience, with a focus on low-carbon energy solutions. Mike Mattes, the current President & CEO, will transition to the role of Chairman of the Board.
Martinez's appointment is expected to drive Cormetech's growth in the emissions control industry, particularly in areas such as Electrification, Carbon Capture Utilization and Sequestration (CCUS), Bio Energy, and Hydrogen. The company aims to leverage her expertise to expand its product lines and solidify its position as an industry leader.
Par Pacific Holdings (NYSE: PARR) reported its Q2 2024 financial results with net income of $18.6 million, or $0.32 per diluted share. Adjusted Net Income was $28.5 million, and Adjusted EBITDA reached $81.6 million. The company successfully executed the Billings turnaround and completed a comprehensive working capital refinancing. Key highlights include:
- Refining segment operating income: $41.2 million
- Retail segment operating income: $16.1 million
- Logistics segment operating income: $18.0 million
- Repurchased $66 million of common stock in Q2
- Cash balance: $179.7 million
- Total liquidity: $520.4 million
The company's performance was driven by consistent refining operations and steady contributions from retail and logistics segments.
Par Pacific Holdings (NYSE: PARR) announced it will release its Q2 2024 financial results after the NYSE closes on August 6, 2024. A conference call for investors is scheduled for August 7, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern). The earnings release and related presentation materials will be available on Par Pacific's website. Investors can participate by dialing a provided toll-free or toll number 10 minutes before the call. A replay will be accessible until August 21, 2024.
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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