secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000821483-24-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Par Pacific posts Q1 net loss of $3.8M; board authorizes $250M buyback
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- Net loss of $3.8M (-$0.06/diluted) vs net income of $237.9M ($3.90/diluted) in Q1 2023.
- Adjusted net income $41.7M ($0.69/diluted) vs $137.5M; Adjusted EBITDA $94.7M vs $167.6M.
- Board approved new $250M share repurchase plan, terminating prior plan; $73M repurchased YTD.
- Announced refinancing activities expected to yield ~$13M in annual cash savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000082148324000010/0000821483-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000082148324000010/parr-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000821483-24-000010

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