Par Pacific reports Q3 EPS $5.95 vs (10c) last year

Reports Q3 revenue $2.012B, consensus $1.76B. “Record combined retail and logistics contribution and strong refining operations led to exceptional third quarter financial results for the core business,” said Will Monteleone, President and Chief Executive Officer. “Results were further bolstered by the small refinery exemption gain of approximately $200 million. In addition, we closed on the Hawaii Renewables joint venture for $100 million in proceeds and are on track to complete construction of the renewable fuels unit this year. Our financial position and outlook remain strong, positioning us to continue pursuing accretive growth opportunities and share repurchases.”