Par Pacific

Par Pacific Holdings, Inc. is a company that manages and maintains interests in energy and infrastructure businesses. The Company's 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.

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 $605.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

605.3 m

Gross profit (Q1, 2017)

104 m

Gross profit margin (Q1, 2017), %

17%

Net income (Q1, 2017)

27.8 m

EBIT (Q1, 2017)

29.2 m

Market capitalization (15-Aug-2017)

773.7 m

Cash (31-Mar-2017)

46.2 m
Par Pacific's current market capitalization is $773.7 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

802.1 m854.3 m543.6 m583.8 m495.5 m377.8 m413.8 m510.3 m605.3 m

Cost of goods sold

779.3 m830.4 m477.5 m505 m405.2 m342.4 m364.7 m459.3 m501.3 m

Gross profit

22.8 m23.8 m66.1 m78.7 m90.4 m35.4 m49.1 m51 m104 m

Gross profit Margin, %

3%3%12%13%18%9%12%10%17%

EBIT

(24.4 m)(36.6 m)17.9 m27.5 m26.3 m(19.7 m)(3.3 m)(21.8 m)29.2 m

EBIT margin, %

(3%)(4%)3%5%5%(5%)(1%)(4%)5%

Pre tax profit

(24.7 m)(39.6 m)527 k(6.9 m)15.2 m(18.3 m)(21.6 m)(27.7 m)28.4 m

Net Income

(24.7 m)(39.5 m)462 k11.7 m14.7 m(18.7 m)(13.1 m)(27.8 m)27.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

38.1 m89.2 m167.8 m47.8 m

Accounts Receivable

122.9 m113 m68.3 m12.7 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

Total Liabilities

776.5 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

17.9 m97.4 m124.3 m78.2 m101.8 m121.8 m164.1 m56.3 m46.2 m

Inventories

409.4 m393.2 m185.1 m273.6 m232 m146.5 m238.5 m197 m293.1 m

Current Assets

583.3 m637.1 m390.5 m436.9 m431.6 m354.5 m525.9 m389.6 m461.4 m

PP&E

112.3 m110.9 m114.8 m190.3 m196.3 m195.4 m200.6 m456.6 m448 m

Goodwill

19.7 m22 m20.8 m50.1 m42 m40.7 m40.7 m104 m105.7 m

Total Assets

861.3 m917.8 m687.6 m864.2 m849.3 m765.8 m937.2 m1.1 b1.2 b

Accounts Payable

39.5 m42.3 m21.9 m22.8 m22.3 m28.8 m30.2 m52.9 m47.9 m

Current Liabilities

520.2 m512.7 m280.8 m390.3 m358 m262.8 m361.2 m385.2 m422.5 m

Additional Paid-in Capital

317.6 m421.3 m428.7 m430 m438.7 m517.2 m532 m586.1 m589.5 m

Retained Earnings

(127.3 m)(166.7 m)(446 k)(446 k)(108.1 m)(193.6 m)(206.7 m)(234.5 m)(193 m)

Total Equity

307.1 m330.5 m323.9 m325.6 m352.1 m399.1 m

Financial Leverage

2.8 x2.6 x2.4 x2.9 x3.3 x3 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(17.2 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 m(48.7 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(24.7 m)(39.5 m)462 k11.7 m14.7 m(18.7 m)(13.1 m)(27.8 m)27.8 m

Depreciation and Amortization

3.3 m5 m4.6 m5.1 m5.1 m9.6 m

Accounts Receivable

97.6 m138.6 m64.8 m68.9 m79.4 m57.9 m62.8 m82 m96.2 m

Inventories

409.4 m393.2 m185.1 m273.6 m232 m146.5 m238.5 m197 m293.1 m

Accounts Payable

39.5 m42.3 m21.9 m22.8 m22.3 m28.8 m30.2 m52.9 m47.9 m
Y, 2017

Financial Leverage

3 x

Par Pacific Market Value History

Traffic Overview of Par Pacific

Par Pacific Company Life and Culture

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