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Sep 30, 2024
Par Pacific Q3 2024 Earnings Report
Reported a net income of $7.5 million and record logistics financial results driven by record refining throughput.
Key Takeaways
Par Pacific reported a challenging third quarter due to a tough summer refining margin environment, but refining system throughput set a quarterly record, and retail and logistics segments delivered strong results.
Net Income was $7.5 million, or $0.13 per diluted share.
Adjusted Net Loss was $(5.5) million, or $(0.10) per diluted share.
Adjusted EBITDA was $51.4 million.
Liquidity increased by $112.1 million while the company repurchased $21.9 million of common stock.
Forward Guidance
The news release does not include any forward guidance.
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