Par Pacific Plans 2024 Turnaround at 63,000 b/d Billings, Mont., Refinery -- OPIS [MarketWatch]
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
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Source: MarketWatch
In a call to discuss fourth-quarter earnings, the officials also said strong performance in the refinery sector is limiting opportunities for more acquisitions in the near future. They also said the company plans to spend up to $22 million on the Billings work, which will extend into 2025 and is intended to improve reliability at the facility with a goal of having throughput consistently at the 60,000 b/d. Advertisement Incoming Chief Executive Will Monteleone said the refinery's throughput averaged about 50,000 b/d in the fourth quarter and its adjusted gross margin was $11.55/bbl. "I think the focus on our turnaround this year is really on the crude unit, and ultimately, getting to a better reliability position," he said. Par acquired the former ExxonMobil refinery in June for $310 million. Advertisement Monteleone also said the company is planning a 15-day outage in the first quarter at its 42,000-b/d refinery in Tacoma, Wash., that it will manage from inventory. T
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PARR
Earnings
- 2/27/24 - Miss
PARR
Sec Filings
- 5/3/24 - Form 4
- 5/2/24 - Form 8-K
- 5/1/24 - Form 4
- PARR's page on the SEC website