greeksoup/ stock research
Stock research / United States / PARR / Q3 FY2023

PAR Pacific Holdings (PARR) Q3 FY2023 earnings: revenue $2.6 billion, up 25.4% on the year

PAR Pacific Holdings, Inc. (PARR) reported revenue of $2.6 billion for Q3 FY2023, the quarter ended 30 September 2023, up 25.4% on the same quarter a year earlier. Net income was $171 million, down 35.9% on the year, and diluted earnings per share $2.79. The figures are the company's own, from the 10-Q it filed with the SEC on 8 November 2023.

Revenue$2.6 billionup 25.4%
Net income$171 milliondown 35.9%
Diluted EPS$2.79
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue2,579n/an/an/a
Cost of revenue2,174n/an/an/a
Gross profit405n/an/an/a
Gross margin15.7%n/an/a
Operating income197n/an/an/a
Operating margin7.6%n/an/a
Interest expense20.8n/an/an/a
Pre-tax income176n/an/an/a
Income tax4.6n/an/an/a
Effective tax rate2.6%n/an/a
Net income171n/an/an/a
Net margin6.6%n/an/a
Diluted EPS$2.79n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow269n/an/an/a
Capital expenditure23.0n/an/an/a
Free cash flow246n/an/an/a
Free cash flow margin9.5%n/an/a
Cash from investing-5.7n/an/an/a
Cash from financing-92.9n/an/an/a
Depreciation and amortisation35.3n/an/an/a
Share-based compensation2.9n/an/an/a
Buybacks27.0n/an/an/a
Diluted shares, weighted61mn/an/an/a
Shares outstanding at period end60mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity1,071n/an/an/a
Debt537n/an/an/a
Operating lease liabilities267n/an/an/a
Finance lease liabilities8.2n/an/an/a
Other liabilities2,005n/an/an/a
Total liabilities and equity3,889n/an/an/a
Goodwill129n/an/an/a
Intangible assets11.6n/an/an/a
Cash and equivalents347n/an/an/a
Receivables527n/an/an/a
Inventory1,227n/an/an/a
Other assets1,646n/an/an/a
Total assets3,889n/an/an/a

Questions

What was PAR Pacific Holdings' revenue in Q3 FY2023?

PAR Pacific Holdings (PARR) reported revenue of $2.6 billion for Q3 FY2023, the quarter ended 30 September 2023, up 25.4% on the same quarter a year earlier.

How much did PAR Pacific Holdings earn in Q3 FY2023?

Net income for Q3 FY2023 was $171 million, down 35.9% on the year, and diluted earnings per share $2.79.

When did PAR Pacific Holdings report Q3 FY2023 results?

PAR Pacific Holdings filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 8 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,5792,1841,9812,0172,1441,8321,7451,8932,0131,8131,8242,969
Cost of revenue2,1741,8001,7471,7701,9051,6781,5591,5931,4541,5031,5592,116
Gross profit405384233247239154186300559310265853
Gross margin16%18%12%12%11%8%11%16%28%17%15%29%
Operating income1971759.548.636.4-47.0-15.896.835999.365.3635
Operating margin8%8%0%2%2%-3%-1%5%18%5%4%21%
Interest expense20.820.517.920.423.421.121.822.121.317.215.914.3
Pre-tax income176167-6.425.313.9-71.9-37.376.334593.558.5607
Tax rate3%-73%n/a26%46%n/an/a22%24%19%21%24%
Net income171289-3.818.67.5-55.7-30.459.526377.754.5462
Net margin7%13%-0%1%0%-3%-2%3%13%4%3%16%
Diluted EPS$2.79$4.76-$0.06$0.32$0.13-$0.98-$0.57$1.17$5.16$1.40$1.10$9.35
Operating cash flow269-2.325.4-4.778.5-15.5-1.413421993.8-40.7283
Capital expenditure23.028.622.636.928.347.740.948.132.327.543.139.7
Free cash flow246-30.82.8-41.650.2-63.1-42.385.518766.3-83.8243
Buybacks27.035.634.169.423.215.351.129.716.427.636.70.4
Shares outstanding60m60m58m56m56m55m52m51m50m49m50m50m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 8 November 2023, accession 0000821483-23-000047: the filing on EDGAR. All of PAR Pacific Holdings, Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install