secwatch.observer — SEC 8-K summary
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Issuer:     PAR PACIFIC HOLDINGS, INC. (PARR)
CIK:        0000821483
Form:       8-K/A
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001437749-23-023760
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/821483/000143774923023760/0001437749-23-023760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/821483/000143774923023760/parr20230811_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023760

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