Par Pacific Q1 net income $237.9M ($3.90/sh) vs loss year ago; record liquidity

PAR PACIFIC HOLDINGS, INC.

2023-Q1 EPS reported $3.90 revenue$1,685,209,000

Net income of $237.9M ($3.90 diluted EPS) vs net loss of $137.1M ($2.31 loss/sh) in Q1 2022.
Adjusted net income of $137.5M ($2.25 diluted EPS); Adjusted EBITDA of $167.6M vs $12.4M a year ago.
Record quarter-end liquidity of $750.5M; expects to close Billings acquisition on June 1.
Announced $90M investment in Hawaii renewable fuels project.
GAAP results include a $94.7M gain from prior years' RIN settlements.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PAR PACIFIC HOLDINGS, INC. reported first quarter ended March 31, 2023 results: net income Net Income of $237.9 million, or $3.90 per diluted share, EPS $3.90 per diluted share.

Period: first quarter ended March 31, 2023
Net income: Net Income of $237.9 million, or $3.90 per diluted share
EPS: $3.90 per diluted share
Result: reported results

Exact text from the filing

Par Pacific reported net income of $237.9 million, or $3.90 per diluted share, for the quarter ended March 31, 2023

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Source: SEC EDGAR

accession 0000821483-23-000019

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