Par Pacific Holdings

Rank#4255

Market Cap2.80B

CountryUnited States

Summary

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Retail segment operates 119 fuel retail outlets, which sell merchandise, such as soft drinks, prepared foods, and other sundries in Hawaii under the Hele, 76, and nomnom brands; and gasoline, diesel, and retail merchandise in Washington and Idaho under the Cenex, nomnom, and Zip Trip brand names. The Logistics segment owns and operates terminals, pipelines, a single point mooring, and trucking operations to distribute refined products throughout the island of Oahu, Maui, Hawaii, Molokai, and Kauai. It also leases marine vessels; owns and operates a crude oil pipeline gathering system, a refined products pipeline, storage facilities, and loading racks in Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. In addition, this segment owns and operates a marine terminal, a unit train-capable rail loading terminal, storage facilities, a truck rack, and a proprietary 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.

History

Par Pacific Holdings was founded in April 2008. Its primary operating subsidiaries are Par Hawaii Refining and Par Petroleum Corporation. Par Petroleum Corporation is one of Hawaii’s leading marketers of transportation fuels and related products. Par Hawaii Refining is one of the largest refineries in Hawaii. In 2012, Par Pacific acquired the refinery and the retail assets of Tesoro Hawaii. In 2014, Par Pacific completed the acquisition of Cenex Hawaii. This gave Par Pacific a platform to increase its presence in Hawaii’s retail and wholesale markets.

Mission

Par Pacific Holdings is committed to creating meaningful value and opportunity through strategies to build and strengthen its core energy businesses. We strive to achieve safe, compliant, environmentally and socially responsible operations, representing the values of our employees and the communities we serve.

Vision

Our vision is to become a leading regional energy and logistics company, providing integrated, innovative and reliable energy solutions and services that consumers and businesses can rely on. We are committed to putting our customers first, while maintaining our commitment to environmental, social and economic sustainability.

References

https://en.wikipedia.org/wiki/Par_Pacific_Holdings

https://in.investing.com/equities/par-pete-corp

https://finance.yahoo.com/quote/PARR/profile?p=PARR

https://www.comparably.com/companies/par-pacific-holdings/mission

https://www.crunchbase.com/organization/par-pacific-holdings

https://sec.report/CIK/0000821483

https://companiesmarketcap.com/

https://www.parpacific.com

Leadership team

Mr. William C. Pate (Pres, CEO & Director)

Mr. William Monteleone (Exec. VP, CFO & Director)