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Jun 30, 2022
Par Pacific Q2 2022 Earnings Report
Reported strong results driven by rebounding demand, record market conditions, and operational reliability.
Key Takeaways
Par Pacific Holdings reported a net income of $149.1 million, or $2.50 per diluted share, for the quarter ended June 30, 2022, a significant improvement compared to the net loss of $(109.0) million, or $(1.84) per diluted share, for the same quarter in 2021. Adjusted EBITDA was $242.1 million, compared to $26.7 million in the second quarter of 2021.
Net Income of $149.1 million, or $2.50 per diluted share
Adjusted Net Income of $197.2 million, or $3.31 per diluted share
Adjusted EBITDA of $242.1 million
$70.1 million in debt reduction, or 12% of funded debt
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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