PAR PACIFIC HOLDINGS INC

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

PARR$67.04-2.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share amounts)

	Three Months Ended
	March 31,
	2024	2023
Revenues	$1,980,835	$1,685,209
Operating expenses
Cost of revenues (excluding depreciation)	1,747,478	1,289,020
Operating expense (excluding depreciation)	153,260	83,120
Depreciation and amortization	32,656	24,360
General and administrative expense (excluding depreciation)	41,755	19,286
Equity earnings from refining and logistics investments	(6,094)	—
Acquisition and integration costs	243	5,271
Par West redevelopment and other costs	1,971	2,750
Loss on sale of assets, net	51	—
Total operating expenses	1,971,320	1,423,807
Operating income	9,515	261,402
Other income (expense)
Interest expense and financing costs, net	(17,884)	(16,250)
Debt extinguishment and commitment costs	—	(17,720)
Other loss, net	(2,576)	(35)
Equity earnings from Laramie Energy, LLC	4,563	10,706
Total other expense, net	(15,897)	(23,299)
Income (loss) before income taxes	(6,382)	238,103
Income tax benefit (expense)	2,631	(213)
Net income (loss)	$(3,751)	$237,890
Income (loss) per share
Basic	$(0.06)	$3.96
Diluted	$(0.06)	$3.90
Weighted-average number of shares outstanding
Basic	58,992	60,111
Diluted	58,992	61,047

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.