Par Pacific Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 08, 2022 at 04:15 pm EDT
Share
Par Pacific Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 2,106.33 million compared to USD 1,217.53 million a year ago. Net income was USD 149.13 million compared to net loss of USD 108.96 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to basic loss per share from continuing operations of USD 1.84 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to diluted loss per share from continuing operations of USD 1.84 a year ago.
For the six months, sales was USD 3,456.63 million compared to USD 2,106.21 million a year ago. Net income was USD 12.07 million compared to net loss of USD 171.19 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 3.01 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to diluted loss per share from continuing operations of USD 3.01 a year ago.
Par Pacific Holdings, Inc. is an energy company, which provides both renewable and conventional fuels to the western United States. It owns and operates 125,000 barrels per day of combined refining capacity across three locations and an energy infrastructure network, including 7.6 million barrels of storage, and marine, rail, rack and pipeline assets. The Company has three segments. Refining segment owns and operates four refineries with total operating crude oil throughput capacity of 219 thousand barrels per day (Mbpd). Retail segment operates fuel retail outlets in Hawaii, Washington and Idaho. It operates convenience stores and fuel retail sites under Hele and nomnom brands, 76 branded fuel retail sites and other sites operated by third parties that sell gasoline, diesel, and retail merchandise, such as soft drinks, prepared foods, and other sundries. Logistics segment operates a multi-modal logistics network spanning the Pacific, the Northwest, and the Rocky Mountain regions.
PAR PACIFIC HOLDINGS, INC. 
