NYSE$PARR

Par Pacific Holdings Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a net loss with strong logistics and retail results, reflecting the ongoing recovery and strong summer travel season.

Par Pacific Holdings reported a net loss of $109.0 million for the quarter ended June 30, 2021, compared to a net loss of $40.6 million for the same quarter in 2020. The company's refining business is well-positioned to return to profitability as the market environment improves.

  • Net Loss of $109.0 million, or $(1.84) per diluted share
  • Adjusted Net Loss of $48.0 million, or $(0.81) per diluted share
  • Adjusted EBITDA of $(6.7) million
  • Repaid $85 million in debt during June

Headline financials

Total Revenue

$1.22B

Previous: $515M+136.3%
EPS (adj)

-$0.81

Previous: -$1.70+52.4%
Capital Expenditures

-$5.83M

Previous: -$15.2M+61.7%
Free Cash Flow

-$115M

Previous: -$55.8M-105.8%
Net Income

-$109M

Previous: -$40.6M-168.6%
Operating Income

-$84.5M

Previous: -$25.4M-232.1%
Gross Profit

-$1.2B

Previous: -$447M-169.0%
Cash & Equivalents

$174M

Previous: $143M+22.0%
Total Assets

$2.52B

Previous: $2.22B+13.5%
Stock-Based Comp

$2.19M

Previous: $1.92M+13.7%

Revenue & EPS history

Par Pacific · Revenue · Quarterly

$1.22B

Q2 2021+136.3%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company is committed to further reducing debt and improving capital structure through free cash flow generation.

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 Q2 2021

Historical avgQ2 2021

-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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