Par Pacific Holdings Inc. (PARR)

Overview

Par Pacific Holdings, Inc. is a distinctive entity that operates within the energy and infrastructure sectors, boasting a comprehensive portfolio that includes refining, retail, and logistics operations. The company's strategic presence in critical locations such as Kapolei, Hawaii; Newcastle, Wyoming; Tacoma, Washington; and Billings, Montana, underscores its significance in the energy industry. Originating as Par Petroleum Corporation, the enterprise underwent a rebranding to Par Pacific Holdings, Inc. in October 2015, marking a new chapter in its journey since its inception in 1984. With its headquarters in Houston, Texas, Par Pacific's integrated operations span across significant parts of the United States, fulfilling a pivotal role in the energy supply chain with its diversified services.

Products and Services

• Refining

  Par Pacific's refining segment is a cornerstone of its operations, owning and managing several refineries across the United States. These facilities produce a wide range of products including gasoline, distillates, asphalt, and other essential petroleum products. By catering to local consumption needs in strategic locations such as Kapolei, Hawaii; Newcastle, Wyoming; Tacoma, Washington; and Billings, Montana, the company plays a crucial role in the regional energy landscapes.

• Retail

  The retail segment of Par Pacific operates a network of fuel retail outlets that offer a variety of merchandise beyond simple fuel. These outlets, located in Hawaii under the Hele, 76, and nomnom brands, and in Washington and Idaho, provide customers with soft drinks, prepared foods, and other sundries, in addition to gasoline and diesel. This diversity allows for a robust customer service experience that extends beyond traditional fuel sales.

• Logistics

  Logistics services form an essential component of Par Pacific's portfolio, with ownership and operation of a wide array of facilities and equipment. These include terminals, pipelines, single point moorings, marine vessels, storage facilities, loading and truck racks, as well as rail facilities. They facilitate the distribution of ethanol, petroleum, and refined products not only in Hawaii but also across the United States West Coast, Washington, the Dakotas, and Wyoming. Additionally, the segment boasts a jet fuel storage facility and pipeline serving Ellsworth Air Force Base in South Dakota, alongside owning and operating other critical infrastructure such as a marine terminal, a unit train-capable rail loading terminal, a truck rack, and a proprietary pipeline that serves Joint Base Lewis McChord. This extensive logistics network is pivotal for the efficient distribution and accessibility of energy resources.