NYSE$PARR

Par Pacific Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported strong profitability and strategic progress.

Par Pacific Holdings reported a net income of $237.9 million, or $3.90 per diluted share, and an adjusted net income of $137.5 million, or $2.25 per diluted share, for the quarter ended March 31, 2023. The company's adjusted EBITDA was $167.6 million, and they announced a $90 million investment in a Hawaii renewable fuels project.

  • Net Income of $237.9 million, or $3.90 per diluted share
  • Adjusted Net Income of $137.5 million, or $2.25 per diluted share
  • Adjusted EBITDA of $167.6 million
  • Record quarter end liquidity of $750.5 million

Headline financials

Total Revenue

$1.69B

Previous: $1.35B+24.8%
EPS (adj)

$2.25

Previous: -$0.53+524.5%
Refined Product Sales

149.1

No prior period
Retail Fuel Volumes

27.1M

Previous: 24.9K+108792.7%
Capital Expenditures

-$13.2M

Previous: -$16.3M+19.1%
Free Cash Flow

$225M

Previous: -$153M+246.5%
Net Income

$238M

Previous: -$137M+273.6%
Operating Income

$261M

Previous: -$121M+315.9%
Gross Profit

-$1.29B

Previous: -$1.36B+4.8%
Cash & Equivalents

$661M

Previous: $141M+369.4%
Total Assets

$3.33B

Previous: $2.92B+13.9%
Stock-Based Comp

$2.32M

Previous: $3.66M-36.7%

Revenue & EPS history

Par Pacific · Revenue · Quarterly

$1.69B

Q1 2023+24.8%vs Q1 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The company is focused on operational reliability, closing the Billings acquisition, and growing its renewable fuels business.

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 2023

Historical avgQ1 2023

-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

Earnings price reactions
QuarterReport dateReaction (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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