Par Pacific could get a lift from a new aviation fuel partnership in Hawaii and a wave of refinery shutdowns that leave fewer players to supply the region. But its fortunes still hinge on a handful of aging refineries, local rules, and a world that may keep moving away from traditional fuels.Read more
Par Pacific may be steadier than many expect as strong fuel demand in its regions meets tight supply, while the company works to run its refineries more efficiently and expand into cleaner fuels. But its business is concentrated in a few markets and depends on aging facilities and shifting climate rules, which could quickly change the outlook.Read more
Electric vehicles and tougher emissions rules could slowly squeeze Par Pacific’s fuel business, especially with aging refineries concentrated in just a few regions. But partnerships, efficiency gains, and strong local market conditions may keep cash coming in longer than skeptics expect.Read more
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Par Pacific Holdings, Inc., an energy company, provides renewable and conventional fuels in the United States. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates refineries that convert crude oil into gasoline, distillate, asphalt, and other products. The Retail segment operates convenience stores and fuel retail outlets that sell gasoline, diesel, and retail merchandise, such as soft drinks, prepared food, and other sundries under the Hele, 76, and nomnom brands, as well as unattended cardlock stations. The Logistics segment owns and operates terminals, pipelines, trucking operations, marine vessels, storage facilities, loading and truck racks, and rail facilities for the movement of ethanol, petroleum, and refined products; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. The company also holds interest in crude storage tanks and a crude oil pipeline that provides access to crude oil from power river basin; and refined products pipeline. In addition, it owns and operates a single point mooring, a marine terminal, a unit train-capable rail loading terminal, manifest rail siding, a truck rack, and a proprietary jet fuel pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.
