Highest-materiality recent filing
Par Pacific closes $500M 7.375% senior notes due 2034 and upsizes ABL to $1.8B
Issued $500M of 7.375% senior unsecured notes due 2034; proceeds used to repay term loan due 2030.
Par Pacific announces $500M senior notes offering to repay term loan
Par Petroleum, a wholly owned subsidiary, to offer $500M senior unsecured notes due 2034.
Par Pacific swings to Q1 net income $54.5M, adjusted EBITDA $91.5M versus prior-year loss
Net income of $54.5M ($1.10 diluted EPS) vs. $30.4M loss in Q1 2025; adjusted net income $38.5M ($0.78 adjusted diluted EPS).
Par Pacific shareholders elect directors, approve 2026 LTIP at annual meeting
All ten director nominees elected; highest votes withheld for Patricia Martinez (2.8M withheld).
Par Pacific reverses to Q4 net income $77.7M ($1.53 EPS) from year-ago loss
Net income $77.7M ($1.53 diluted EPS) vs Q4 2024 loss of $55.7M ($1.01 loss).
Par Pacific reduces term loan margin by 50 bps, cuts interest expense
Amendment No. 3 to term loan reduces margin 50 bps; base rate loans now base+2.25%, SOFR loans 3.25%.
Par Pacific Q3 net income $262.6M ($5.16/diluted) vs $7.5M YoY; adj EBITDA $372.5M
Net income $262.6M, diluted EPS $5.16, vs $7.5M ($0.13) in Q3 2024.
Par Pacific closes JV with Mitsubishi/ENEOS for 36.5% stake in renewable fuels unit
Joint venture closed Oct 21; Alohi (Mitsubishi/ENEOS) acquired 36.5% equity for $100M in cash.
Hawaii Renewables (subsidiary) and Wells Fargo signed a Framework Agreement for monthly prepaid swaps on soybean oil and crude oil.
Par Pacific Q2 net income $59.5M ($1.17 EPS); adjusted EBITDA $137.8M, up 69% YoY
Net income $59.5M ($1.17 diluted EPS); adjusted net income $78.3M ($1.54 diluted EPS).
Par Pacific forms renewable fuels JV with Mitsubishi/ENEOS; $100M cash infusion
Alohi (Mitsubishi/ENEOS) acquires 36.5% stake in Hawaii Renewables, LLC for $100M cash.
Par Pacific Q1 net loss $30.4M, adjusted net loss $50.3M; repurchased $51M
Net loss of $30.4M ($0.57/share) vs net loss of $3.8M in Q1 2024.
Par Pacific shareholders elect all 10 directors, ratify Deloitte, approve ESPP share increase
All ten directors elected; Katherine Hatcher received 30,585,257 for and 12,023,736 withheld, the most withheld votes.
Q4 2024 net loss $55.7M ($1.01 diluted EPS) vs. Q4 2023 net income $289.3M ($4.77 diluted EPS).
Par Pacific closes $100M incremental term loan increase to $650M total
Incremental term loan of $100M funded net of 1% OID ($1M discount) on Nov 25, 2024.
Par Pacific increases term loan by $100M to $650M aggregate principal
Term loan increased by $100M to $650M aggregate initial principal balance; outstanding $641.75M.
Director Anthony Chase resigns from Par Pacific board, effective Nov 15
Anthony Chase to resign from Par Pacific Board of Directors and Nominating and Corporate Governance Committee, effective November 15, 2024.
Par Pacific Q3 net income $7.5M vs $171.4M a year ago; adjusted loss $(5.5)M
Net income of $7.5M ($0.13/diluted share) versus $171.4M ($2.79/diluted share) in Q3 2023.
Par Pacific Q2 net income $18.6M ($0.32 EPS), down from $30M YoY
Net income $18.6M ($0.32 diluted EPS) vs $30.0M ($0.49) in Q2 2023.
Par Pacific secures new crude intermediation facility with Citi; ABL commitments increased to $1.4B
New crude-only intermediation facility with Citigroup Energy Inc. effective May 31, 2024, term 36 months, replaces J. Aron facility.
Par Pacific posts Q1 net loss of $3.8M; board authorizes $250M buyback
Net loss of $3.8M (-$0.06/diluted) vs net income of $237.9M ($3.90/diluted) in Q1 2023.
Par Pacific shareholders elect all 12 board nominees, ratify auditor, approve charter amendment
All 12 director nominees elected; Melvyn N. Klein received 17.2M votes withheld (37% of votes cast), highest among nominees.
On November 7, 2024, Mr. Anthony Chase announced his intention to resign from his position as a member of the Board of Directors of Par Pacific Holdings, Inc. (the "Company") and its Nominating and Corporate Governance Committee, effective November 15, 2024.
Max materiality 0.85 · Median 0.72 · Most common event earnings