earnings
confidence high
sentiment negative
materiality 0.85
Par Pacific Q3 net income $7.5M vs $171.4M a year ago; adjusted loss $(5.5)M
PAR PACIFIC HOLDINGS, INC.
2024-Q3 EPS reported
$0.39
revenue$6,142,236,000
- Net income of $7.5M ($0.13/diluted share) versus $171.4M ($2.79/diluted share) in Q3 2023.
- Adjusted net loss of $(5.5)M ($(0.10)/diluted share) versus adjusted net income of $193.4M a year ago.
- Adjusted EBITDA fell to $51.4M from $255.7M in Q3 2023.
- Record logistics segment results driven by record refining throughput.
- Liquidity increased by $112.1M during the quarter; $21.9M of common stock was repurchased.