(PARR) Par Pacific Holdings - Ratings and Ratios

Par Pacific Holdings, Inc. is a diversified energy company operating across three core segments: Refining, Retail, and Logistics. The Refining segment includes ownership and operation of refineries in Kapolei, Hawaii; Newcastle, Wyoming; Tacoma, Washington; and Billings, Montana, producing gasoline, distillate, asphalt, and other petroleum products. The Retail segment manages a network of fuel stations under the Hele, 76, and nomnom brands across Hawaii, Washington, and Idaho, offering gasoline, diesel, and convenience merchandise. The Logistics segment encompasses a comprehensive infrastructure network, including terminals, pipelines, marine vessels, and rail facilities, to distribute ethanol, petroleum, and refined products across Hawaii, the U.S. West Coast, the Dakotas, Wyoming, and other regions. The company also operates a jet fuel storage facility and pipeline serving Ellsworth Air Force Base in South Dakota. Additionally, Par Pacific holds interests in refined products pipelines and operates a single-point mooring in Hawaii, a marine terminal, and a unit train-capable rail loading terminal. Formerly known as Par Petroleum Corporation, the company rebranded as Par Pacific Holdings, Inc. in October 2015. Incorporated in 1984, it is headquartered in Houston, Texas.

The company’s strategic assets are positioned to serve both regional and military markets, with a focus on logistics and distribution efficiency. Its refining operations are tailored to meet local demand, particularly in Hawaii, where energy independence is critical. The retail segment emphasizes convenience and brand recognition, while the logistics division underscores operational scalability and integration across multiple transportation modes. Par Pacific’s infrastructure includes proprietary pipelines, trucking operations, and storage facilities, enabling it to maintain control over its supply chain and adapt to market fluctuations.