Par Pacific(US:PARR)2021-11-04 18:07Company Overview - Par Pacific operates essential energy infrastructure in PADD IV and V markets[10] - The company has 154,000 bpd operating petroleum refining capacity[10, 15] - Par Pacific owns a multimodal integrated logistics network with 9 million barrels of storage capacity[10] - The company holds a 46% ownership interest in Laramie Energy, a natural gas E&P company[10] - As of December 31, 2020, Par Pacific had $1.7 billion in federal tax attributes[10] Refining Segment - The company's refineries have a distillate-oriented yield profile, with 44% distillates[16] - Gasoline accounts for 28% of the combined product yield[17] - LSFO makes up 15% of the combined product yield[18] - Other products account for 7% of the combined product yield[17] - Asphalt accounts for 6% of the combined product yield[17] Retail Segment - Par Pacific has 120 fuel retail locations in Hawaii and the Pacific Northwest[10, 31] - The company-operated convenience stores branded 'nomnom' total 64[31] - Retail Adjusted EBITDA has seen a 25%+ CAGR from 2017 to 2020[31] - In Q1 2021, Par Pacific closed a sale-leaseback of 22 retail properties in Hawaii for approximately $116 million[31]