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Recap: Par Pacific Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of Par Pacific Hldgs (NYSE:PARR) decreased 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 915.38% year over year to ($1.06), which beat the estimate of ($1.09).

Revenue of $689,981,000 decreased by 50.79% year over year, which beat the estimate of $601,040,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Nov 02, 2020

View more earnings on PARR

Time: 10:30 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=141925

Technicals

52-week high: $25.69

Company's 52-week low was at $5.72

Price action over last quarter: down 20.10%

Company Description

Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the logistics segment, crude shipments are delivered to the refinery, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.

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