Par Pacific Holdings Reports First Quarter 2024 Results
Par Pacific Holdings, Inc. (PARR)
NASDAQ:AMEX Investor Relations:
parpacific.com/profile
Company Research
Source: GlobeNewswire
HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended March 31, 2024. Net Loss of $(3.8) million, or $(0.06) per diluted shareAdjusted Net Income of $41.7 million, or $0.69 per diluted shareAdjusted EBITDA of $94.7 millionRepurchased $73 million of common stock year to dateBoard increases management share repurchase authority to $250 millionAnnounced refinancing activities resulting in approximately $13 million of annual cash savings Par Pacific reported a net loss of $(3.8) million, or $(0.06) per diluted share, for the quarter ended March 31, 2024, compared to net income of $237.9 million, or $3.90 per diluted share, for the same quarter in 2023. During the first quarter of 2023, the Company recorded a $94.7 million gain related to prior years’ RIN settlements, which is included in GAAP results. First quarter 2024 Adjusted Net Income was $41.7 million, compared
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PARR
News
- Par Pacific Holdings, Inc. (NYSE: PARR) had its price target lowered by analysts at Piper Sandler from $47.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Par Pacific Holdings, Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts [Yahoo! Finance]Yahoo! Finance
- Par Pacific Holdings, Inc. (NYSE:PARR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Par Pacific Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Par Pacific Holdings, Inc. (NYSE: PARR) had its price target lowered by analysts at TD Cowen from $45.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat
PARR
Earnings
- 5/6/24 - Miss
PARR
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 3
- 5/7/24 - Form 8-K
- PARR's page on the SEC website