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)

1,408

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

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

Former President & Owner at Spirit Technologies, Inc.

President & Chief Operating Officer at NewQuest Properties

President at JAKK Holding Corp.

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Par Pacific Holdings, Inc.
Owners & Shareholders
Details Hidden

Chai Trust Co. makes significant investments in the energy, real estate, industrials, and information technology sectors.

Details Hidden

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.

Details Hidden

Nut Tree Capital Management employs a fundamentals-based, long-biased strategy designed to generate attractive risk-adjusted returns through investments in stressed and distressed corporate debt, low loan-to-value high yield debt, and special situations and deep value equities. Additionally, the firm invests in other securities with similar investment characteristics to distressed debt, such as warrants, trade claims, sovereign debt, asset-backed securities and structured credit products. Their investment program is focused on countries comprising the Organization for Economic Co-operation and Development (OECD) with established, creditor-friendly corporate restructuring frameworks.

Recent Transactions
Details Hidden

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

Details Hidden

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

Details Hidden

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

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 through its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses. It operates through the following segments: Electric Utility, Bank, and Other. The Electric Utility segment involves in the generation, purchase, transmission, distribution, and sale of electric energy in the islands of Oahu, Hawaii, and Maui, Lanai, and Molokai. The Bank segment offers general banking services to individual and business customers through its branch system. The Other segment refers to corporate-level operating, general, and administrative expenses. The company was founded by C. Dudley Pratt Jr. in 1981 and is headquartered in Honolulu, HI.

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.

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.

Key Stats and Financials As of 2019
Market Capitalization
$788M
Total Enterprise Value
$2.74B
Earnings Per Share
$0.8
Net Profit
$40.4M
EBITDA
$264M
EBITDAMargin
4.88%
Total Debt
$1.7B
Total Equity
$648M
Enterprise Value / Sales
0.51x
Enterprise Value EBITDAOperating
8.8x
TEVNet Income
67.91x
Debt TEV
0.62x
Three Year Compounded Annual Growth Rate Of Revenue
42.54%
Five Year Compounded Annual Growth Rate Of Revenue
11.69%
Revenue
$5.4B
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. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.

Industrial Logistics Properties Trust Trusts & Funds | 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 and North Africa; Asia Pacific and Middle East; Other International; and Corporate & Other. The Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and natural gas liquids. The Lower 48 segment is consist of operations in the U.S. Lower 48 states and the Gulf od 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 and North Africa segment is consist of operations and exploration activities in Norway, the United Kingdom and Libya. The Asia Pacific and Middle East segment has explorations and product operations in China, Indonesia, Malaysia and Australia; production operations in Qatar and Timor-Leste; and exploration activities in Brunei. The Other International segment handles exploration activities in Columbia and Chile. The Corporate and Other segment is comprised of interest expense, premiums incurred on the early retirement of debt, corporate overhead, certain technology activities, as well as licensing revenues received. The company was founded in 1875 and is headquartered in Houston, TX.

Chevron Corp. Oil & Gas - San Ramon, CA

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

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 & 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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