NYSE$PARR

Par Pacific Holdings Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a net loss and strategic milestones were achieved despite the pandemic.

Par Pacific Holdings reported a net loss of $131.9 million for Q4 2020, compared to a net income of $35.4 million in Q4 2019. Despite the loss, the company completed renewables logistics project in Tacoma and achieved significant operating expense reductions.

  • Net Loss of $131.9 million, or $(2.47) per diluted share.
  • Adjusted Net Loss of $75.3 million, or $(1.41) per diluted share.
  • Completed renewables logistics project in Tacoma.
  • Achieved operating expense and logistics cost of sales reductions of approximately $55 million in 2020.

Headline financials

Total Revenue

$716M

Previous: $1.4B-48.9%
EPS (adj)

-$1.41

Previous: $1.02-238.2%
Hawaii Throughput

78.5

No prior period
Washington Throughput

39.2

No prior period
Wyoming Throughput

7.2

No prior period
Retail Fuel Volumes

25.9M

No prior period
Capital Expenditures

$21.1M

Previous: $19.8M+6.2%
Free Cash Flow

-$84.2M

Previous: -$12.8M-556.3%
Net Income

-$132M

Previous: $35.4M-472.2%
Operating Income

-$114M

Previous: $59.5M-291.7%
Gross Profit

-$19.2M

Previous: $153M-112.6%
Cash & Equivalents

$68.3M

Previous: $126M-45.8%
Total Assets

$2.13B

Previous: $648M+229.2%
Stock-Based Comp

$2.03M

Previous: $1.79M+13.2%

Revenue & EPS history

Par Pacific · Revenue · Quarterly

$716M

Q4 2020-48.9%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company believes it is well-positioned to improve financial performance with all major units fully operational as vaccinations increase, mobility trends improve, and the economy recovers.

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 Q4 2020

Historical avgQ4 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

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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