NYSE$PARR
Par Pacific Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported exceptionally strong results, including record contribution from retail and logistics, as high refining reliability was maintained and company benefited from industry-leading distillate orientation.
Par Pacific reported a net income of $267.4 million for Q3 2022, a significant increase compared to $81.8 million in the same quarter of 2021. The company's Adjusted EBITDA also saw a substantial rise, reaching $214.1 million compared to $58.2 million in Q3 2021.
- Net Income of $267.4 million, or $4.47 per diluted share
- Adjusted Net Income of $172.0 million, or $2.88 per diluted share
- Adjusted EBITDA of $214.1 million
- Record Retail and Logistics segment Adjusted EBITDA
Headline financials
Revenue & EPS history
Par Pacific · Revenue · Quarterly
$2.06B
Forward guidance
As previously announced on October 20, 2022, the acquisition of ExxonMobil’s Billings refinery and related logistics assets will significantly enhance the Company’s scale and geographic diversification and expands Par Pacific’s fully integrated downstream network in the western United States. The transaction is expected to close in the second quarter of 2023.
Tailwinds
- Significantly enhance the Company’s scale
- enhance geographic diversification
- expands Par Pacific’s fully integrated downstream network in the western United States
- acquisition of ExxonMobil’s Billings refinery
- acquisition of related logistics assets
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 Q3 2022
-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 | — | — | — |
Discussion
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