Par Pacific Holdings, Inc.

Par Pacific Holdings, Inc.

Par Pacific Holdings, Inc.

Overview
Date Founded

1984

Headquarters

825 Town & Country Lane,Suite 1500,Houston, TX 77024

Type of Company

Public

Employees (Worldwide)

1,403

Industries

Oil & Gas
Retail: Other
Other Business & Consulting Services
Power & Utilities

Company Description

Par Pacific Holdings, Inc. engages in the operation of energy and infrastructure businesses. It operates through the following segments: Refining, Retail, Logistics, and Other. The Refining segment produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, low sulfur fuel oil, and other associated refined products. The Retail segment sells gasoline, diesel, and retail merchandise. The Logistics segment involves in terminals, pipelines, a single-point mooring, and trucking operations to distribute refined products throughout the islands of Oahu, Maui, Hawaii, Molokai, and Kauai. The company was founded on December 21, 1984 and is headquartered in Houston, TX.

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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Director

Chief Administrative Officer & General Counsel

Chief Accounting Officer

President & Chief Executive Officer, Par Petroleum, LLC

Director & Chairman Emeritus

Senior Vice President

Director of Financial Planning

Information Technology Director

Lead Project Manager

Board of Directors

Executive Chairman at Strategic Education, Inc.

Former Chairman, Board of Directors & Chief Executive Officer at BancWest Corp. (Hawaii)

Senior Vice President Memberships at Alamo Area Council Boy Scouts of America

President & Chief Executive Officer at Par Pacific Holdings, Inc.

Chief Financial Officer, Secretary & Senior Vice President at Forbes Energy Services Ltd.

President & Chief Executive Officer at Par Petroleum LLC

Former President & Owner at Spirit Technologies, Inc.

Chief Financial Officer & Director at Par Pacific Holdings, Inc.

President & Chief Operating Officer at NewQuest Properties

President at JAKK Holding Corp.

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Par Pacific Holdings, Inc.
Owners & Shareholders
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Chai Trust Co. makes significant investments in the energy, real estate, industrials, and information technology sectors.

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EVMI is an active, long-term, value-based manager which seeks to achieve above-average results by investing in equity or debt instruments they believe to have unrecognized value or investment potential. They utilize fundamental analysis as the primary basis for investment decision making, aiming to preserve capital and tailor services to each client based on individual investment objectives.The firm conducts fundamental analysis of equity and debt securities issuers, evaluating political, economic, and industry developments; money and capital market conditions; interest rate patterns and other factors that they believe may impact the value of an investment. They conduct company visits and utilize standard databases available to institutional investors. Ultimately, they rely on in-house research and investment staff evaluations and recommendations.EVMI aims to reduce risk by constructing diversified, balanced portfolios. They generally do not engage in short-term trading and may employ a dividend capture trading strategy, a tax-managed strategy and derivatives such as listed, FLEX and over-the-counter options; over-the-counter prepaid forward sale agreements; futures contracts, swaps, structured notes, and other structured derivative transactions to help manage security specific and/or overall risk or to gain or reduce investment exposure.The firm offers a variety of investment strategies to address client investment objectives including equity strategies (focusing on equity securities of a particular style, market capitalization, geographic region and/or market sector); income strategies (focusing on maintaining a portfolio of debt securities or other instruments that pay either a fixed or a floating rate of interest; mixed-asset strategies and alternative strategies including absolute return strategies, real estate strategies, commodity strategies and option strategies.They may employ equity and mixed-asset strategies to achieve exposures, to enhance returns or for hedging purposes.

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Rubric Capital Management aims to achieve capital appreciation and maximize risk-adjusted absolute returns. The firm employs a value-oriented long/short strategy comprised of, but not limited to, a book of deep-value long positions and an alpha short book that is core to its strategy. They utilize a fundamental and multi-year perspective in identifying the core investments from a universe generally comprised of equities and debt in all sectors. Furthermore, the firm implements a disciplined approach to risk management and capital preservation at the position, portfolio and firm levels in seeking to maximize the delivery of alpha from both its long and short investments.

Recent Transactions
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Par Pacific Holdings, Inc., Par Petroleum LLC purchase U.s. Oil & Refining Co from Trailstone Management Corp.

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Par Pacific Holdings, Inc., Par Hawaii Refining LLC purchase IES Downstream LLC /Refining Assets from Island Energy Services LLC

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Par Pacific Holdings, Inc., Par Hawaii, Inc. purchase CHS, Inc. /33 Cenex Zip Trip Stores from CHS, Inc.

Insider Transactions
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Transaction Advisors
Auditor

Advised onPar Pacific Holdings, Inc. issued USD Common Stock

Legal Advisor

Advised onPar Pacific Holdings, Inc., Par Petroleum LLC purchase U.s. Oil & Refining Co from Trailstone Management Corp.

Underwriter

Advised onPar Pacific Holdings, Inc. issued USD Common Stock

Legal Advisor

Advised onPar Pacific Holdings, Inc. purchases Hermes Consolidated LLC from Black Elk Refining LLC

Legal Advisor

Advised onPar Pacific Holdings, Inc. purchases Hermes Consolidated LLC from Black Elk Refining LLC

Legal Advisor

Advised onPar Pacific Holdings, Inc. purchases Hermes Consolidated LLC from Black Elk Refining LLC

Advisors & Consultants
Consultant

Chief Executive Officer RAND Logistics, LLC at Rand Logistics, Inc.

Clients

Hawaiian Electric Industries, Inc. is a holding company, which engages in power, financial, and renewable and sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment offers essential electric service in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment delivers banking and other financial services to Hawaii consumers and businesses. The Other segment comprises of corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

Magellan Midstream Partners LP engages in the transportation, storage and distribution of petroleum products. It operates through the following segments: Refined Products, Crude Oil, and Marine Storage. The Refined Products segment consists of common carrier refined products pipeline system, independent terminals, and its ammonia pipeline system. The Crude Oil segment comprises of crude oil pipelines, splitter and storage facilities which are used for contract storage. The Marine Storage segment includes marine terminals located along coastal waterways. The company was founded in August 2000 and is headquartered in Tulsa, OK.

Macquarie Infrastructure Corp. owns and operates a diversified group of businesses providing basic services to customers in the U. S. It operates through the following business segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, MIC Hawaii, and Corporate and Other. The IMTT segment provides bulk liquid storage and handling services to third parties in the U.S. and Canada. The Atlantic Aviation segment provides fuel, terminal, aircraft hangaring and other services primarily to owners and operators of general aviation (GA) jet aircraft at 70 airports throughout the U.S. The MIC Hawaii segment comprises energy services, production and distribution. The Corporate and Other segment comprises MIC Corporate and a shared services center in Plano, Texas. The company was founded on April 13, 2004 and is headquartered in New York, NY.

Key Stats and Financials As of 2020
Market Capitalization
$913M
Total Enterprise Value
$2.18B
Earnings Per Share
$-7.68
Revenue
$3.12B
Net Profit
$-409M
EBITDA
$-108M
EBITDAMargin
-3.47%
Total Debt
$1.5B
Total Equity
$246M
Enterprise Value / Sales
0.7x
TEVNet Income
-5.32x
Debt TEV
0.69x
Three Year Compounded Annual Growth Rate Of Revenue
8.55%
Non-Profit Donations & Grants
Suppliers
Phillips 66 Retail: Other | Houston, Texas

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. The company was founded on April 30, 2012 and is headquartered in Houston, TX.

Industrial Logistics Properties Trust Industrial Machinery & Manufacturing | Newton, MA

Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics buildings and leased industrial lands. The company was founded on September 15, 2017 and is headquartered in Newton, MA.

The Goldman Sachs Group, Inc. Investment Banking & Brokerage | New York, New York

Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing a wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.

Competitors
ConocoPhillips Oil & Gas - Houston, TX

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International. The Alaska segment primarily explores for produces, transports and markets crude oil, natural gas and natural gas liquids. The Lower 48 segment consists of operations in the U.S. and the Gulf of Mexico. The Canada segment is comprised of oil sands development in the Athabasca Region of northeastern Alberta and a liquids-rich unconventional play in western Canada. The Europe, Middle East and North Africa segment consists of operations and exploration activities in Norway, the United Kingdom and Libya. The Asia Pacific segment has explorations and product operations in China, Indonesia, Malaysia and Australia. The Other International segment handles exploration activities in Columbia and Argentina. The company was founded in 1875 and is headquartered in Houston, TX.

Energy Transfer LP Oil & Gas - Dallas, TX

Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to approximately 69,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today, the Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors. Through several recent transformative transactions, we have expanded our scope of services and increased our focus on the transportation of heavier hydrocarbons. While we remain committed to the prolific natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. More recently, we made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc., including its interest in Sunoco Logistics Partners L.P. (SXL). These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products. To improve operating efficiencies within the Energy Transfer family, in October 2012 we formed ETP Holdco Corporation, which is owned 60% by ETE and 40% by ETP and controlled through a majority board membership by ETP. ETP Holdco owns a 100% equity interest in Southern Union Company and Sunoco, Inc. (excluding SXL)

Walmart, Inc. Retail: Food & Beverage - Bentonville, Arkansas

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash and carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Awards & Honors
Rank #953
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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