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Par Pacific Holdings (PARR)
:PARR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.77Last Year’s EPS
1.08Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 14.48%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant achievements such as record refining throughput and logistics performance, challenges in refining segment margins and specific market conditions, particularly in Washington and Hawaii, were noted. However, strategic initiatives and cost reductions are expected to bolster future performance.Company Guidance
During the Par Pacific third-quarter 2024 earnings call, the company provided several key financial metrics and guidance details. The adjusted EBITDA for the quarter was $51 million, with an adjusted net loss of $0.10 per share. Par Pacific reported a record quarterly refining throughput of over 198,000 barrels per day, attributing their strong operational performance to improvements in refining reliability and logistics. Looking ahead, the company plans to reduce fixed operating expenses by $30 million to $40 million in 2025, aiming to sustain profitability across various market cycles. In the retail segment, same-store fuel volumes declined by 1.4%, whereas merchandise sales grew by 3.8% from the previous year. The company also highlighted ongoing strategic investments, particularly in the Hawaii SAF project, which is expected to start in the second half of 2025. Overall, Par Pacific emphasized its focus on cost control and strategic growth initiatives to enhance long-term profitability despite current market challenges.Record Refining Throughput
Achieved a new quarterly record of over 198,000 barrels per day in refining throughput, reflecting strong operational performance and reliability.
Logistics Segment Performance
The logistics segment reported adjusted EBITDA of $33 million in the third quarter, driven by record refining throughput and high product sales.
Strategic Growth Initiatives
Progress continued on strategic growth initiatives, including the SAF project in Hawaii, which is on track for startup in the second half of 2025.
Retail Segment Growth
The retail segment reported adjusted EBITDA of $21 million during the third quarter, driven by expanding fuel margins and continued growth in merchandise sales.
Reduction in Corporate Expenses
Targeting a reduction in 2025 fixed operating expenses by $30 million to $40 million, with a focus on corporate expense reductions and refining and logistics cost savings.
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PARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $15.82 | $15.11 | -4.49% |
| Aug 06, 2024 | $23.69 | $24.10 | +1.73% |
| May 06, 2024 | $30.33 | $29.77 | -1.85% |
| Feb 27, 2024 | $40.07 | $36.52 | -8.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Par Pacific Holdings (PARR) report earnings?
Par Pacific Holdings (PARR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Par Pacific Holdings (PARR) earnings time?
Par Pacific Holdings (PARR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PARR EPS forecast?
PARR EPS forecast for the fiscal quarter 2024 (Q4) is -0.77.
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