Par Pacific files historical financials of acquired Billings Refinery; 2022 net income $99.6M on $2.8B revenue

PAR PACIFIC HOLDINGS, INC.

Audited combined financials for Billings Refinery business show 2022 net income $99.6M (2021: $101.9M) on revenue $2.8B (2021: $2.17B).
Total assets $676M, total liabilities $386M as of Dec 31, 2022; net parent company investment $290M.
Business operates 63,000 bpd refinery in Billings, MT, plus logistics assets including pipeline and terminal storage of 4.1 MMbbls.
Financials are carve-out from ExxonMobil; include related-party crude purchases of $2.3B in 2022.
Pro forma financial information for combined entity for H1 2023 and FY 2022 also included in filing.

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