NYSE$PARR
Par Pacific Holdings Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a net loss due to the COVID-19 pandemic and macroeconomic factors.
Par Pacific reported a net loss of $222.3 million, or $(4.18) per diluted share, for the quarter ended March 31, 2020. The loss was attributed to the COVID-19 pandemic and other macroeconomic factors. The company has implemented measures to reduce costs and optimize its asset base.
- Net Loss of $222.3 million, or $(4.18) per diluted share
- Adjusted Net Loss of $30.2 million, or $(0.57) per diluted share
- Adjusted EBITDA of $10.7 million
- 2020 expected cash outlays to be reduced by approximately $150 million
Headline financials
Revenue & EPS history
Par Pacific · Revenue · Quarterly
$1.2B
Forward guidance
Par Pacific expects to reduce cash outlays by approximately $150 million in 2020, including $65 to $70 million in cost of sales related to the decline in crude oil prices and reduced interest rates. The company has adjusted refinery production at each location to address reduced local market demand and deferred the Hawaii turnaround to at least the third quarter of 2020 due to state-mandated restrictions.
Tailwinds
- Expected reduction in cash outlays by approximately $150 million in 2020
- Adjustment of refinery production to address reduced local market demand
- Deferral of Hawaii turnaround to at least the third quarter of 2020
- Cost reduction measures implemented
- Optimization of asset base
Headwinds
- Extraordinary uncertainty and market volatility from the COVID-19 pandemic
- Significant macroeconomic factors
- Operating loss reported for the Refining segment
- Operating loss reported for the Retail segment
- Equity losses from Laramie Energy
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.9%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.0%
Avg return
30 days after
38%
20 / 53 earnings
Positive
+25.5%
Q3 2020
Best reaction
-16.2%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.0% | -6.9% | -19.7% | |
| Q4 2025 | -6.2% | +12.3% | +60.1% | |
| Q3 2025 | -7.2% | +6.9% | +7.8% | |
| Q1 2025 | +10.6% | +23.0% | +43.9% | |
| Q4 2024 | -9.7% | -14.4% | -7.6% | |
| Q3 2024 | -3.2% | +3.4% | +4.0% | |
| Q2 2024 | +2.2% | +3.5% | -13.3% | |
| Q1 2024 | -3.5% | -5.0% | -19.0% | |
| Q4 2023 | -9.6% | -11.0% | -8.2% | |
| Q3 2023 | -0.1% | +1.2% | +1.2% | |
| Q2 2023 | +8.8% | +14.9% | +10.6% | |
| Q1 2023 | -5.6% | -7.1% | -0.8% | |
| Q4 2022 | +0.8% | +7.5% | +7.7% | |
| Q3 2022 | +0.7% | +1.5% | -0.4% | |
| Q2 2022 | +10.3% | +19.4% | +11.4% | |
| Q1 2022 | -8.0% | -14.3% | +12.1% | |
| Q4 2021 | -5.5% | -8.2% | -16.8% | |
| Q3 2021 | -0.8% | +3.7% | -12.5% | |
| Q2 2021 | -13.5% | -11.2% | -11.6% | |
| Q1 2021 | -8.0% | -13.4% | -7.8% | |
| Q4 2020 | +2.7% | +6.1% | -20.1% | |
| Q3 2020 | +25.5% | +29.5% | +97.7% | |
| Q2 2020 | +9.7% | +15.2% | +5.9% | |
| Q1 2020 | -8.1% | -3.9% | +16.6% | |
| Q4 2019 | -7.6% | -10.8% | -55.7% | |
| Q3 2019 | +6.1% | +6.4% | +2.8% | |
| Q2 2019 | -2.2% | -3.1% | -3.8% | |
| Q1 2019 | -2.1% | +5.2% | -0.0% | |
| Q4 2018 | -1.5% | -1.5% | +8.0% | |
| Q3 2018 | +0.1% | -6.2% | -2.4% | |
| Q2 2018 | +1.3% | +0.3% | +18.0% | |
| Q1 2018 | -1.3% | -1.2% | +3.5% | |
| Q4 2017 | +9.8% | +8.1% | +2.4% | |
| Q3 2017 | -5.2% | -9.2% | -3.6% | |
| Q2 2017 | -4.9% | -2.4% | +0.9% | |
| Q1 2017 | +0.0% | -1.1% | -0.4% | |
| Q4 2016 | +5.9% | +5.2% | +11.0% | |
| Q3 2016 | +6.3% | +7.8% | +15.1% | |
| Q2 2016 | -10.7% | -15.1% | -18.1% | |
| Q1 2016 | -10.3% | — | — | |
| Q4 2015 | -16.2% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | +14.5% | — | — | |
| Q1 2015 | -4.4% | — | — | |
| Q4 2014 | +7.0% | — | — | |
| Q3 2014 | -4.7% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -5.2% | — | — | |
| Q4 2013 | -5.2% | — | — | |
| Q3 2013 | -6.9% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +8.5% | — | — | |
| Q4 2012 | +7.6% | — | — | |
| Q4 2009 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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