Par Pacific reports Q2 adjusted EPS $1.54, consensus 90c

Reports Q2 revenue $1.89B, consensus $1.52B. “Second quarter results reflected strong operational and commercial execution,” said Will Monteleone, President and Chief Executive Officer. “We advanced key strategic priorities, including completing the Montana turnaround and progressing construction of the Hawaii SAF project. We also announced the Hawaii Renewables joint venture at an attractive implied valuation with strategic partners who bring strong commercial capabilities and expanded market access. In addition, we opportunistically reduced shares outstanding by 3% during the quarter, bringing total reductions to 8% year-to-date.”