Par Pacific reported a net loss of $(3.8) million for Q1 2024, but an adjusted net income of $41.7 million and adjusted EBITDA of $94.7 million. The company repurchased $73 million of common stock year to date and announced refinancing activities resulting in approximately $13 million of annual cash savings. The company's outlook remains strong, with recent maintenance activities positioning them to optimize throughput during the summer season.
Net loss of $(3.8) million, or $(0.06) per diluted share.
Adjusted net income of $41.7 million, or $0.69 per diluted share.
Adjusted EBITDA of $94.7 million.
Repurchased $73 million of common stock year to date.
Our 2024 outlook remains strong. Recent maintenance activities position us to optimize throughput during the highly profitable summer season.
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