Par Pacific(US:PARR)2023-08-08 17:06Financial Performance & Valuation - HF Sinclair's 2023 P/E multiple is 6.7x, based on a share price of $52.09 and an Adj EPS of $7.82[7] - Par Pacific's 2023 P/E multiple is 6.0x, based on a share price of $31.48 and an Adj EPS of $5.26[97] - For the twelve months ended June 30, 2023, the company's Adjusted EBITDA was $707.423 million[68] - For the twelve months ended June 30, 2023, the company's Adjusted Net Income was $547.878 million[68] Refining Segment Highlights - The company's system-wide refining capacity is 218,000 bpd[99] - The company expects a 50% system-wide distillate & LSFO yield[14] - The company expects a 20% system-wide exposure to attractive Western Canadian heavy crude[14] - The company's system-wide distillate yield is 49%[15] Retail & Logistics - The company has 90 retail locations across four islands in Hawaii[12] - The company has 31 company-operated retail locations in Washington and Idaho[21] - The company targets gross term debt of $500-600 million fully supported by the stable cash flows of Retail & Logistics segments[25] Energy Transition Strategy - The company announced a $90 million investment in a Hawaii renewable fuels project[31] - The company's Hawaii SAF project is expected to come online in 2025[31] - The company's capital expenditures are less than $1.50/gallon for a 61 mmgpy project including feedstock pre-treatment to produce approximately 60% SAF[35]