PAR PACIFIC HOLDINGS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
PARR$67.04-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $2,143,933 | $2,579,308 | $6,142,236 | $6,048,444 |
| Operating expenses | ||||
| Cost of revenues (excluding depreciation) | 1,905,200 | 2,174,385 | 5,422,875 | 5,038,211 |
| Operating expense (excluding depreciation) | 147,049 | 145,183 | 444,389 | 330,146 |
| Depreciation and amortization | 31,879 | 35,311 | 96,679 | 87,887 |
| General and administrative expense (excluding depreciation) | 22,399 | 23,694 | 87,322 | 66,148 |
| Equity earnings from refining and logistics investments | (3,008) | (3,934) | (12,846) | (4,359) |
| Acquisition and integration costs | (23) | 4,669 | 68 | 17,213 |
| Par West redevelopment and other costs | 4,006 | 3,127 | 9,048 | 8,490 |
| Loss on sale of assets, net | — | — | 114 | — |
| Total operating expenses | 2,107,502 | 2,382,435 | 6,047,649 | 5,543,736 |
| Operating income | 36,431 | 196,873 | 94,587 | 504,708 |
| Other income (expense) | ||||
| Interest expense and financing costs, net | (23,402) | (20,815) | (61,720) | (51,974) |
| Debt extinguishment and commitment costs | — | — | (1,418) | (17,682) |
| Other income (loss), net | 1,253 | (43) | (1,447) | 301 |
| Equity earnings (losses) from Laramie Energy, LLC | (336) | — | 2,867 | 10,706 |
| Total other expense, net | (22,485) | (20,858) | (61,718) | (58,649) |
| Income before income taxes | 13,946 | 176,015 | 32,869 | 446,059 |
| Income tax expense | (6,460) | (4,600) | (10,496) | (6,741) |
| Net income | $7,486 | $171,415 | $22,373 | $439,318 |
| Income per share | ||||
| Basic | $0.13 | $2.85 | $0.39 | $7.29 |
| Diluted | $0.13 | $2.79 | $0.39 | $7.18 |
| Weighted-average number of shares outstanding | ||||
| Basic | 55,729 | 60,223 | 57,283 | 60,241 |
| Diluted | 56,224 | 61,404 | 58,070 | 61,144 |
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