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Dec 31, 2020
Par Pacific Q4 2020 Earnings Report
Reported a net loss and strategic milestones were achieved despite the pandemic.
Key Takeaways
Par Pacific Holdings reported a net loss of $131.9 million for Q4 2020, compared to a net income of $35.4 million in Q4 2019. Despite the loss, the company completed renewables logistics project in Tacoma and achieved significant operating expense reductions.
Net Loss of $131.9 million, or $(2.47) per diluted share.
Adjusted Net Loss of $75.3 million, or $(1.41) per diluted share.
Completed renewables logistics project in Tacoma.
Achieved operating expense and logistics cost of sales reductions of approximately $55 million in 2020.
Forward Guidance
The company believes it is well-positioned to improve financial performance with all major units fully operational as vaccinations increase, mobility trends improve, and the economy recovers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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