NYSE$PARR

Par Pacific Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and twelve months ended December 31, 2022.

Par Pacific reported a net income of $84.7 million, or $1.40 per diluted share, for the quarter ended December 31, 2022, compared to $8.1 million, or $0.14 per diluted share, for the same quarter in 2021. The company's performance was driven by historic market conditions and excellent commercial performance.

  • Fourth quarter Net Income of $84.7 million, or $1.40 per diluted share
  • Adjusted Net Income of $132.8 million, or $2.20 per diluted share
  • Adjusted EBITDA of $174.9 million
  • Retail segment reported operating income of $22.3 million in the fourth quarter of 2022, compared to $8.0 million in the fourth quarter of 2021.

Headline financials

Total Revenue

$1.81B

Previous: $1.29B+39.8%
EPS (adj)

$2.20

Previous: -$0.22+1100.0%
Retail Fuel Volumes

26.9M

No prior period
Capital Expenditures

$15M

Previous: $8.52M+75.7%
Free Cash Flow

$68.6M

Previous: -$90.7M+175.6%
Net Income

$84.7M

Previous: $8.09M+947.7%
Operating Income

$101M

Previous: $23.8M+324.4%
Gross Profit

$209M

Previous: $115M+81.4%
Cash & Equivalents

$491M

Previous: $112M+337.5%
Total Assets

$0.00

Previous: $2.57B-100.0%
Stock-Based Comp

$1.97M

Previous: $2.07M-4.8%

Revenue & EPS history

Par Pacific · Revenue · Quarterly

$1.81B

Q4 2022+39.8%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The market backdrop remains strong as Par Pacific enters 2023. Disciplined business execution, successfully closing and integrating the Billings acquisition and achievement of our growth initiatives will be key to our long term success.

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 2022

Historical avgQ4 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

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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