Par Pacific

Our business is organized into three primary segments of refining, retail and logistics located in Hawaii. Par Pacific owns an equity investment in Laramie Energy, LLC, a joint venture entity focused on producing natural gas in Garfield, Mesa and Rio Blanco Counties, Colorado. In addition, Par Pacific transports, markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast, East Coast and to Hawaii. Par Pacific has an active, opportunistic growth strategy. We look for operations with strong fundamentals and great employees who can move a business forward. Our management team has deep experience in the energy industry, as well as in leading mergers, acquisitions and integrations of newly acquired companies.

Type
Public
HQ
Houston, US
Founded
2012
Size (employees)
744 (est)
Par Pacific was founded in 2012 and is headquartered in Houston, US

Par Pacific Office Locations

Par Pacific has an office in Houston
Houston, US (HQ)
875 One Memorial City Plaza 800 Gessner Rd

Par Pacific Data and Metrics

Par Pacific Financial Metrics

Par Pacific's revenue was reported to be $1.9 b in FY, 2016 which is a 10% decrease from the previous period.
USD

Revenue (FY, 2016)

1.9 b

Revenue growth (FY, 2015 - FY, 2016), %

(10%)

Gross profit (FY, 2016)

228.7 m

Gross profit margin (FY, 2016), %

12%

Net income (FY, 2016)

(45.8 m)

EBIT (FY, 2016)

(16.5 m)

Market capitalization (26-Jun-2017)

801.3 m

Closing share price (26-Jun-2017)

17.5

Cash (31-Dec-2016)

47.8 m
Par Pacific's current market capitalization is $801.3 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

886 m3.1 b2.1 b1.9 b

Revenue growth, %

251%(34%)(10%)

Cost of goods sold

2.9 b1.8 b1.6 b

Gross profit

170.6 m279 m228.7 m

Gross profit Margin, %

5%14%12%

Operating expense total

7.2 m3.1 b2 b1.9 b

EBIT

(5 m)(37.5 m)61.5 m(16.5 m)

EBIT margin, %

(1%)(1%)3%(1%)

Pre tax profit

(47.5 m)(56.7 m)(53.7 m)

Income tax expense

(2.8 m)455 k16.8 m7.9 m

Net Income

(70.6 m)(47 m)(39.9 m)(45.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

38.1 m89.2 m167.8 m47.8 m

Accounts Receivable

122.9 m113 m68.3 m102.4 m

Inventories

389.1 m243.9 m219.4 m198.3 m

Current Assets

558.4 m460.8 m531.8 m403.1 m

PP&E

108.6 m112.9 m195.1 m451.3 m

Goodwill

20.6 m20.8 m41.3 m105.7 m

Total Assets

827.1 m741 m892.3 m1.1 b

Accounts Payable

28.9 m33.1 m27.4 m65.2 m

Current Liabilities

458.7 m310.8 m365 m382.8 m

Additional Paid-in Capital

316 m427.3 m515.2 m587.1 m

Retained Earnings

(79.5 m)(135.1 m)(175 m)(220.8 m)

Total Equity

236.8 m340.6 m368.9 m

Financial Leverage

3.5 x2.6 x3.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(8.8 m)(47 m)(39.9 m)(45.8 m)

Depreciation and Amortization

401 k14.9 m19.9 m31.6 m

Accounts Receivable

(2.2 m)5.6 m54.5 m(17 m)

Inventories

59.1 m31.9 m49 m

Accounts Payable

2.7 m

Cash From Operating Activities

(4.6 m)(54.6 m)132.4 m(23.9 m)

Capital Expenditures

(14.3 m)(22.3 m)(24.8 m)

Cash From Investing Activities

(17.7 m)(24.3 m)(114.2 m)(286.2 m)

Cash From Financing Activities

23.6 m130.1 m60.4 m190.1 m

Interest Paid

(4.5 m)(6.9 m)(13.2 m)

Income Taxes Paid

243 k402 k589 k

Free Cash Flow

(40.3 m)154.7 m942 k
USDY, 2016

Revenue/Employee

2.5 m

Financial Leverage

3.1 x

Par Pacific Market Value History

Par Pacific Company Life and Culture

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