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Dec 31, 2022
Par Pacific Q4 2022 Earnings Report
Reported financial results for the fourth quarter and twelve months ended December 31, 2022.
Key Takeaways
Par Pacific reported a net income of $84.7 million, or $1.40 per diluted share, for the quarter ended December 31, 2022, compared to $8.1 million, or $0.14 per diluted share, for the same quarter in 2021. The company's performance was driven by historic market conditions and excellent commercial performance.
Fourth quarter Net Income of $84.7 million, or $1.40 per diluted share
Adjusted Net Income of $132.8 million, or $2.20 per diluted share
Adjusted EBITDA of $174.9 million
Retail segment reported operating income of $22.3 million in the fourth quarter of 2022, compared to $8.0 million in the fourth quarter of 2021.
Forward Guidance
The market backdrop remains strong as Par Pacific enters 2023. Disciplined business execution, successfully closing and integrating the Billings acquisition and achievement of our growth initiatives will be key to our long term success.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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