secwatch.observer — SEC 8-K summary
======================================

Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000821483-23-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000082148323000019/0000821483-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000082148323000019/parr-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000821483-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer