Par Pacific Holdings, Inc. announces an Equity Buyback for $250 million worth of its shares.
August 07, 2023 at 05:22 pm EDT
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Par Pacific Holdings, Inc. (NYSE:PARR) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its common stock. The program does not have a specific end date.
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. 
