Core Insights - Sky Quarry Inc. has announced a strategic roadmap for its subsidiary, Foreland Refining Corporation, aiming to scale operations to a production rate of up to 800,000 barrels annually through targeted investments and steady operations [1][2][3] Production Capacity and Milestones - Foreland is currently operating at a capacity of up to 3,600 barrels per day, with plans to reach production milestones of 45,000, 60,000, 80,000, and 100,000 barrels per month, particularly during high seasonal demand [3] - The roadmap anticipates reaching an annualized peak production rate of 800,000 barrels, with actual output expected to vary seasonally [3] Strategic Growth Plan - The strategic growth plan includes proactive maintenance, risk management, infrastructure upgrades, and crude supply contracts to ensure safe and uninterrupted operations [5] - Key components of the plan focus on operational efficiency, workforce expansion, stronger supply and customer relationships, and revenue growth potential [7] Sustainability and Community Impact - The refinery plans to expand its capabilities to include recycled heavy oil from waste materials, supporting Sky Quarry's mission for a sustainable energy future [6] - The company aims to contribute to improved waste management and resource efficiency while reducing environmental impact [8]

Core Insights - Elliott Investment Management has significantly increased its exposure to the energy sector, raising its allocation from 23.84% to 37.64% in Q1 2025, making it the firm's largest sector allocation [1][4]. Company Investments - Elliott has made a substantial investment of nearly $2 billion in Phillips 66 and Suncor Energy Inc., which are now among the fund's top three holdings [2]. - The firm increased its stake in Phillips 66 by nearly 2,000%, acquiring 14.95 million new shares, bringing the total to 15.73 million shares valued at approximately $1.94 billion, which now represents 12.81% of Elliott's $15.2 billion 13F portfolio [3]. - Suncor Energy remains a core holding with a stake valued at $2.04 billion, representing 13.46% of the portfolio, unchanged from the previous quarter [4]. Strategic Shifts - The increase in energy positions coincides with a reduction in exposure to broader market ETFs and sectors, including a more than 25% cut in the SPDR S&P 500 ETF put position and reduced bets against energy sector ETFs [4]. - This strategy reflects a tactical shift towards direct investments in traditional energy companies like Phillips 66 and Suncor, contrasting with broader market hesitations regarding peak oil demand and ESG pressures [5].

Core Insights - Par Petroleum reported $1.75 billion in revenue for Q1 2025, a year-over-year decline of 11.9%, with an EPS of -$0.94 compared to $0.69 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.6 billion by 8.77%, while the EPS fell short of the consensus estimate of -$0.77 by 22.08% [1] Financial Performance - Total refining feedstocks throughput was 176,000 million barrels per day, surpassing the average estimate of 174,703.3 million barrels per day [4] - Hawaii refinery throughput was 79.4 million barrels per day, slightly below the estimate of 80.58 million barrels per day [4] - Montana refinery throughput was 51.7 million barrels per day, exceeding the estimate of 50.07 million barrels per day [4] - Wyoming refinery throughput was 6.3 million barrels per day, above the estimate of 6 million barrels per day [4] - Washington refinery throughput was 38.6 million barrels per day, slightly above the estimate of 38.07 million barrels per day [4] Revenue Breakdown - Refining revenues were $1.69 billion, exceeding the average estimate of $1.48 billion, representing a year-over-year decline of 12.5% [4] - Retail revenues were $136.43 million, below the average estimate of $142.34 million, with a year-over-year decline of 2.6% [4] - Logistics revenues were $71.42 million, surpassing the average estimate of $61.38 million, with a year-over-year change of -0.6% [4] EBITDA Metrics - Adjusted EBITDA for refining was -$14.29 million, significantly below the average estimate of $6.05 million [4] - Adjusted EBITDA for logistics was $29.67 million, slightly above the average estimate of $28 million [4] - Adjusted EBITDA for retail was $18.62 million, below the average estimate of $19.90 million [4] Stock Performance - Par Petroleum shares returned +31.1% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Company Overview - Integrated Rail & Resources Acquisition Corp. (IRRX) has entered into a 7-year supply and offtake agreement with Shell Trading (US) Company (Shell) for crude oil feedstock supply and refined product purchases [1][2] - The facility to be acquired by IRRX will initially process 15,000 barrels of crude oil per day, with potential expansion to 50,000 barrels per day [2] Operational Details - The facility will produce LPG, Naphtha, Diesel, and Gas Oil, with operations expected to commence by December 31, 2026, following necessary refurbishment [2] - Shell Trading (US) Company will have the option to utilize the additional processing capacity once the facility is expanded [2] Strategic Importance - The agreement is seen as a significant step for IRRX in refining and marketing high-demand products, supporting the Uinta Basin's development [3] - The CEO of IRRX expressed confidence in the agreement, highlighting the benefits for all parties involved and the capabilities of the team to refurbish and restart the refinery [3] Background Information - Tar Sands Holding II, LLC (TSHII), established by Endeavor Capital Group, controls key real estate and natural resource development rights in the Uinta Basin, including permits for processing and refining [4] - IRRX is a blank check company focused on mergers and acquisitions in natural resources, railroads, and related logistics [5]

Core Points - Integrated Rail & Resources Acquisition Corp (IRRX) has entered into a 7-year supply and offtake agreement with Shell Trading (US) Company for crude oil feedstock and refined products [1][2] - The facility to be acquired by IRRX will initially process 15,000 barrels of crude oil per day, with potential expansion to 50,000 barrels per day [2] - Operations are expected to commence by December 31, 2026, following the acquisition and refurbishment of the facility [2] Company Overview - IRRX is a blank check company focused on mergers, acquisitions, and business combinations, particularly in natural resources and railroad logistics [5] - Tar Sands Holding II, LLC (TSHII), established by Endeavor Capital Group, controls key real estate and natural resource development rights in the Uinta Basin, Utah [4] Strategic Importance - The agreement with Shell is seen as a significant step for IRRX to enhance its refining capabilities and support the Uinta Basin's development [3] - The partnership aims to create value through the production of high-demand refined products such as LPG, Naphtha, Diesel, and Gas Oil [2][3]

May 5, 2025 02:07 AM GMT Exhibit 1: Asian refiners have either consistently outperformed or performed in- line with regional benchmarks since 2015 0.0 2.8 5.6 8.4 11.2 14.0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (US$/bbl) Singapore Complex Benchmark GRM Asia Refiners Average Source: Company data, Morgan Stanley Research Morgan Stanley Asia (Singapore) Pte.+ Mayank Maheshwari Equity Analyst Mayank.Maheshwari@morganstanley.com +65 6834-6719 Morgan Stanley Australia Limited+ ...

PARSIPPANY, N.J., April 1, 2025 /PRNewswire/ -- PBF Energy Inc. (NYSE:PBF) announced today that it will release its earnings results for the first quarter 2025 on Thursday, May 1, 2025. The company will host a conference call and webcast regarding results and other business matters on Thursday, May 1, 2025, at 8:30 a.m. ET. PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delawar ...

Core Viewpoint - PBF Energy Inc. plans to offer $750 million in senior notes due 2030 to repay outstanding borrowings and for general corporate purposes [1] Group 1: Offering Details - The senior notes will be offered in a private placement and are expected to be resold to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [2] - The offering will be made only by means of a private offering memorandum and has not been registered under the Securities Act or any applicable state securities laws [2][3] Group 2: Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities in multiple states including California, Delaware, Louisiana, New Jersey, and Ohio [5] - The company aims to operate its facilities safely and responsibly, provide a rewarding workplace for employees, positively influence local communities, and deliver superior returns to investors [5] Group 3: Joint Ventures - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [6]

Company Prepares to Ramp Up Production to Help Keep Nevada FueledWOODS CROSS, Utah, March 12, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, is forecasting a potential fuel shortage in Nevada. Sky Quarry reached this conclusion after conducting research prompted by the surge of inquiries to secure long term fuel supply from Nevada market participants. Sk ...