Par Pacific Holdings ( (PARR) ) has released its Q4 earnings. Here is a breakdown of the information Par Pacific Holdings presented to its investors.
Par Pacific Holdings, Inc., headquartered in Houston, Texas, is an energy company that provides both renewable and conventional fuels across the western United States, with operations in refining, retail, and logistics. In its latest earnings report, Par Pacific announced a net loss of $33.3 million for the year 2024, a significant decline from the previous year’s net income of $728.6 million. Despite this, the company achieved record profitability in its Retail and Logistics segments, highlighting its strategic diversification. Key financial metrics revealed a challenging year for Par Pacific’s Refining segment, with a notable decrease in operating income and adjusted EBITDA compared to 2023. However, the Retail and Logistics segments showed growth, with increased operating income and adjusted EBITDA. Looking ahead, Par Pacific’s management remains optimistic about future earnings growth, driven by strategic projects such as the Hawaii Sustainable Aviation Fuel project and the completion of the Montana turnaround.