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Jun 30, 2021
Par Pacific Q2 2021 Earnings Report
Reported a net loss with strong logistics and retail results, reflecting the ongoing recovery and strong summer travel season.
Key Takeaways
Par Pacific Holdings reported a net loss of $109.0 million for the quarter ended June 30, 2021, compared to a net loss of $40.6 million for the same quarter in 2020. The company's refining business is well-positioned to return to profitability as the market environment improves.
Net Loss of $109.0 million, or $(1.84) per diluted share
Adjusted Net Loss of $48.0 million, or $(0.81) per diluted share
Adjusted EBITDA of $(6.7) million
Repaid $85 million in debt during June
Forward Guidance
The company is committed to further reducing debt and improving capital structure through free cash flow generation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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