NYSE:PARROil and Gas
Does Par Pacific (PARR) Prioritize Balance Sheet Strength Over Growth With Its New Loan Terms And 2026 Capex?
Par Pacific Holdings recently completed an amendment to its term loan agreement that cut interest margins by 50 basis points and released 2026 capital expenditure and turnaround guidance of US$190 million to US$220 million, including about US$10 million earmarked for maintenance and reliability work at its Washington refinery.
This combination of lower financing costs and clearly defined spending on refining, logistics, and retail projects highlights how the company is prioritizing balance...