Par Pacific Non-GAAP EPS of $5.95 beats by $3.99, revenue of $2.01B beats by $250M

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  • Par Pacific press release (PARR): Q3 Non-GAAP EPS of $5.95 beats by $3.99.
  • Revenue of $2.01B (-6.1% Y/Y) beats by $250M.
  • Adjusted EBITDA of $372.5 million
  • Small refinery exemption (“SRE”) impact of $195.9 million in Adjusted Net Income and $202.6 million in Adjusted EBITDA
  • Repurchased $16.4 million of common stock
  • Closed Hawaii Renewables joint venture in October and received cash proceeds of $100 million
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