INVESTOR PRESENTATION I AUGUST 2024 Forward-Looking Statements / Disclaimers The information contained in this presentation has been prepared to assist you in making your own evaluation of the company and does not purport to contain all of the information you may consider important. Any estimates or projections with respect to future performance have been provided to assist you in your evaluation, but should not be relied upon as an accurate representation of future results. Certain statements, estimates an ...

Financial Data and Key Metrics Changes - Second quarter adjusted EBITDA was $82 million and adjusted net income was $0.49 per share, reflecting strong reliability and planned maintenance execution [3][9] - The refining segment reported adjusted EBITDA of $60 million, down from $81 million in the first quarter [9] - The logistics segment reported adjusted EBITDA of $26 million, slightly down from $28 million in the first quarter [12] - The retail segment reported adjusted EBITDA of $19 million, up from $14 million in the first quarter [12] Business Line Data and Key Metrics Changes - Refining segment's combined throughput was 180,000 barrels per day, with Hawaii at 81,000 barrels per day and production costs at $4.50 per barrel [7] - Wyoming achieved a new record throughput of 19.9 thousand barrels per day with production costs at $7.08 per barrel [7] - Washington's throughput was 41,000 barrels per day with production costs at $3.66 per barrel [7] - Billings throughput was impacted by turnaround activities, resulting in 38,000 barrels per day and production costs at $16.18 per barrel [8] Market Data and Key Metrics Changes - Global product inventories are approaching below the end of the five-year range, with modest inventory restocking due to elevated utilization rates [4] - Regional dynamics in PADD IV have returned to typical premiums versus the Gulf Coast, while the Southern Rockies market has been less attractive due to Mid Continent inventory pressures [4] Company Strategy and Development Direction - The company is focused on safe and reliable operations, project execution, and generating strong free cash flow [6] - Growth initiatives include reliability improvements in Billings and renewable fuel projects in Hawaii, with a renewable hydrotreater conversion on budget [5] - The company has repurchased over $65 million of its stock, maintaining a strong balance sheet to support strategic objectives [5][14] Management's Comments on Operating Environment and Future Outlook - Management noted that while the margin environment is moderated, focusing on key operational areas will allow for strong free cash flow [6] - The company expects throughput in Hawaii to range between 78,000 and 82,000 barrels per day in the third quarter [8] - Management expressed confidence in the operational performance and the execution of turnaround activities [38] Other Important Information - Net cash used in operations during the second quarter totaled $5 million, with a working capital outflow of $61 million [13] - Total liquidity as of June 30 was $520 million, consisting of $180 million in cash and $340 million in availability [14] Q&A Session Summary Question: Thoughts on Singapore margins and Asia demand - Management indicated Singapore margins are hovering between $11 and $13 per barrel, with limited exports from China impacting the market [16][17] Question: Capital returns expectations in the current refining margin environment - Management stated they will remain opportunistic regarding share repurchases, influenced by cash generation and share price relative to intrinsic value [19] Question: Billings turnaround and future work - Management confirmed plans to turn around every major unit in the refinery, with expected spending of $120 million over four to five years [22] Question: Drivers of crack basis between Rockies and Gulf Coast - Management noted that the Southern Rockies market has normalized to higher levels, with good demand across the system [24] Question: Work on the coker in Q3 - Management confirmed that the work on the coker is consistent with their plan and will impact operational expenses [26] Question: Exposure to West Coast cracks and Hawaii's performance - Management highlighted that Hawaii's performance is influenced by Singapore, with unusual weakness in the West Coast margin environment [28] Question: Update on Hawaii's renewable project - Management reported that the renewable project is on track, with major equipment ordered and critical permits awaited [35][36]

Par Petroleum (PARR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 276.92%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.75 per share when it actually produced earnings of $0.69, delivering a surprise of -8%. Over the last four ...

NEWS RELEASE PAR PACIFIC HOLDINGS REPORTS SECOND QUARTER 2024 RESULTS HOUSTON, August 6, 2024 - Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific" or the "Company") today reported its financial results for the quarter ended June 30, 2024. • Net Income of $18.6 million, or $0.32 per diluted share • Adjusted Net Income of $28.5 million, or $0.49 per diluted share • Adjusted EBITDA of $81.6 million • Executed Billings turnaround on time and on budget • Completed comprehensive working capital refinancing as ...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific" or the "Company") today reported its financial results for the quarter ended June 30, 2024. Net Income of $18.6 million, or $0.32 per diluted share Adjusted Net Income of $28.5 million, or $0.49 per diluted share Adjusted EBITDA of $81.6 million Executed Billings turnaround on time and on budget Completed comprehensive working capital refinancing as of May 31, 2024 Repurchased $66 million of common stock in the ...

Company Overview - Par Pacific Holdings, Inc. is a growing energy company headquartered in Houston, Texas, providing both renewable and conventional fuels to the western United States [6] - The company owns and operates 219,000 barrels per day (bpd) of combined refining capacity across four locations in Hawaii, the Pacific Northwest, and the Rockies [6] - Par Pacific has an extensive energy infrastructure network, including 13 million barrels of storage and various transportation assets such as marine, rail, rack, and pipeline [6] - The company operates the Hele retail brand in Hawaii and the "nomnom" convenience store chain in the Pacific Northwest [6] - Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company focused on operations and assets in Western Colorado [6] Upcoming Financial Events - Par Pacific will release its second quarter 2024 results after the New York Stock Exchange closes on August 6, 2024 [4] - A conference call for investors is scheduled for August 7, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern) [4] - The full text of the earnings release will be available on Par Pacific's website [4][5]

Individuals who would like to participate should dial the applicable dial-in number at least 10 minutes before the scheduled conference call time. About Par Pacific Investor Contact: Ashimi Patel VP, Investor Relations & Sustainability (832) 916-3355 apatel@parpacific.com HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific") today announced that it will release its second quarter 2024 results after the New York Stock Exchange closes on Tuesday, August 6, 2024. Th ...

Par Pacific Holdings, Inc. (NYSE:PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. Par Pacific owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage, and marine, rail, rack, and pipeline assets. In addition, Par Pacific operates the Hele retail brand ...

HONOLULU, June 03, 2024 (GLOBE NEWSWIRE) -- Hele Kamaʻaina Rewards members are winning at the pump and in the skies this summer! Hele app users not only save $0.25 per gallon every day, but they also have the chance to win round-trip airfare to Tokyo. Hele convenience stores are part of the Par Pacific Holdings, Inc. retail organization. From June 1 to August 31, 2024, customers with the Hele app can enter the "Hele Tokyo Flyaway" sweepstakes for a chance to win 220,000 HawaiianMiles, enough for a round-tri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________________________________________________________________________________________ FORM 10-Q ________________________________________________________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...