Associated tags: ExxonMobil, Par Pacific Holdings, Natural gas, Pacific Northwest, NYSE, Par
Locations: HOUSTON, TX, US, WASHINGTON, TEXAS, HAWAII
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will participate in the following investor conferences.
Key Points:
- HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will participate in the following investor conferences.
- Goldman Sachs Ninth Annual Leveraged Finance and Credit Conference on May 14, 2024 in Rancho Palos Verdes, CA
TPH & Co. 2024 Hotter 'N Hell Energy Conference on May 15, 2024 in Houston, TX
J.P. Morgan Energy, Power & Renewables Conference on June 17, 2024 in New York, NY
Table,
ABL,
Central Time,
RVO,
News,
Webcast,
Public expenditure,
Par Pacific Holdings,
Logistics,
Share repurchase,
Adjustment,
GAAP,
Video game 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.
Key Points:
- 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.
- First quarter 2024 Adjusted Net Income was $41.7 million, compared to $137.5 million in the first quarter of 2023.
- First quarter 2024 Adjusted EBITDA was $94.7 million, compared to $167.6 million in the first quarter of 2023.
- Adjusted Gross Margin for the Refining segment was $207.1 million in the first quarter of 2024, compared to $211.6 million in the first quarter of 2023.
HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its first quarter 2024 results after the New York Stock Exchange closes on Monday, May 6, 2024.
Key Points:
- HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its first quarter 2024 results after the New York Stock Exchange closes on Monday, May 6, 2024.
- This release will be followed by a conference call for investors on Tuesday, May 7, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern).
- The full text of the release will be available on Par Pacific’s website at http://www.parpacific.com .
- To access the live audio webcast and related presentation materials, please visit the Investors section of Par Pacific's website at http://www.parpacific.com .
HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced it expects to reprice and allocate its existing term loan credit agreement due 2030 (the “Term Loan Facility”).
Key Points:
- HOUSTON, March 28, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced it expects to reprice and allocate its existing term loan credit agreement due 2030 (the “Term Loan Facility”).
- In addition, the amendment will eliminate the Term SOFR Adjustment of 10 basis points with respect to loans under the Term Loan Facility.
- The amendment provides that if Par Pacific receives a further ratings upgrade from S&P, the annual interest rates under the Term Loan Facility will be reduced by an additional 0.25%.
- “Our strong operating performance and record financial results over the past year have enabled us to reprice our term loan facility on improved terms,” said Shawn Flores, Chief Financial Officer of Par Pacific.
HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that, on March 22, 2024, it entered into the previously announced amendment to its asset-based revolving credit facility (“ABL”).
Key Points:
- HOUSTON, March 25, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that, on March 22, 2024, it entered into the previously announced amendment to its asset-based revolving credit facility (“ABL”).
- The ABL amendment will increase the size of the Company’s ABL from $900 million to $1.4 billion and is conditioned upon the termination of the Company’s existing intermediation agreement, which is expected to occur on or about May 31, 2024.
- The increase is based, in part, on the addition of certain collateral assets in Hawaii, including refined product inventory and accounts receivable.
- In addition, the Company today announced that Moody’s Investors Service has upgraded its corporate family rating to Ba3 from B1.
Retrieved on:
Wednesday, March 20, 2024
HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion.
Key Points:
- HOUSTON, March 20, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion.
- The increase is expected to be based, in part, on the addition of certain collateral assets in Hawaii, including refined product inventory and accounts receivable.
- Par Pacific also intends to refinance its existing working capital financing facilities for its Hawaii operations, a supply and offtake agreement and discretionary draw facility, with a combination of funds from the increased ABL facility and a smaller crude-only intermediation agreement.
- The financing is anticipated to reduce the Company’s working capital financing costs by approximately $10 million per year and increase flexibility of funding.
From now until March 31, nomnom rewards members will automatically receive 25 cents off per gallon of gasoline.
Key Points:
- From now until March 31, nomnom rewards members will automatically receive 25 cents off per gallon of gasoline.
- Comparatively, nomnom Rewards’ everyday discount on gas is 15 cents per gallon.
- “This promotion is an exciting way for nomnom rewards members to save even more money at the pump.
- “We’re committed to delivering great value, convenience and fun to our nomnom rewards members throughout the year.”
To enjoy nomnom’s everyday savings and to stay informed of the latest deals, download the nomnom app on your smartphone or tablet.
HOUSTON, March 06, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will participate in the following investor conferences.
Key Points:
- HOUSTON, March 06, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that members of its management team will participate in the following investor conferences.
- Bank of America 2024 Refining Conference on March 14, 2024 in New York
Piper Sandler 24th Annual Energy Conference on March 19, 2024 in Las Vegas
Retrieved on:
Tuesday, February 27, 2024
Acquisition,
Par Pacific Holdings,
Logistics,
News,
Table,
Adjustment,
RVO,
GAAP,
Webcast,
Public expenditure,
Central Time,
Par,
Video game HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the fourth quarter and twelve months ended December 31, 2023.
Key Points:
- HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the fourth quarter and twelve months ended December 31, 2023.
- Fourth quarter 2023 Adjusted Net Income was $65.2 million, compared to $132.8 million in the fourth quarter of 2022.
- Fourth quarter 2023 Adjusted EBITDA was $122.0 million, compared to $174.9 million in the fourth quarter of 2022.
- Refining segment Adjusted EBITDA was $106.5 million in the fourth quarter of 2023, compared to $146.4 million in the fourth quarter of 2022.
Retrieved on:
Tuesday, February 27, 2024
William Pate to step down as Chief Executive Officer; will remain Director
Key Points:
- William Pate to step down as Chief Executive Officer; will remain Director
HOUSTON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced a leadership transition effective as of the Company’s May 2024 shareholders’ meeting.
- Monteleone has been with Par Pacific for more than a decade and has served in several leadership positions for the company.
- Robert Silberman, Chairman of Par Pacific’s Board of Directors, said “Bill Pate has been the instrumental force behind Par Pacific’s success since its inception over 10 years ago.
- I am very excited to continue working closely with the entire Par Pacific team to drive shareholder value over the next chapter of our growth.”
