Pitkin Terrill sold $322K of PARR

Goldman Sachs reports that DK secured full exemptions for its refineries, potentially boosting cash flow by over 20% of its market cap. PARR, CVI, and CLMT also received exemptions, while larger companies like CVX, CVE, MPC, and PSX saw more moderate impacts.

Par Pacific Holdings (PARR) reported strong Q2 results due to favorable refining conditions, with a refining index of $31.34/barrel in July. The company expects tight product inventories to support refining margins. PARR's shares rose 103.8% in six months, trading at a lower EV/EBITDA than industry average. PBF Energy (PBF) and Valero Energy (VLO) are also positioned to benefit from current market conditions.

Par Pacific Holdings (PARR) reported Q2 2026 adjusted EBITDA of $571 million, up from $91.5 million in Q1, and adjusted net income of $499 million ($10.10/share). Management cited a $33/bbl combined market index and record Washington throughput of 41,200 bpd. The company reduced term debt by 20%+, cut net debt by $220 million+, and ended June 30 with $1.4 billion liquidity.

Par Pacific (NYSE:PARR) reported Q2 refinery and retail updates on an earnings call. Hawaii capture was 124% (net price-lag benefit about $77M). Tacoma processed 41,200 bpd at 98.1% utilization. Q3 guidance: Hawaii conventional 59,000-65,000 bpd, renewables 1,500-2,000 bpd; consolidated refining index $31.34/bbl. Cash from ops was $614M; net debt fell over $220M after $500M notes.

PAR PACIFIC HOLDINGS, INC. (PARR) filed an SEC Form 8-K — Results of Operations and Financial Condition. NEWS RELEASE PAR PACIFIC HOLDINGS REPORTS SECOND QUARTER 2026 RESULTS HOUSTON, August 4, 2026 - Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended June 30, 2026. • Net income attributable to Par Paci

Analysts issued multiple rating and price-target changes across Wall Street. JPMorgan upgraded Openlane to overweight and raised its Dec 2026 PT to $38; UBS upgraded Ecolab to buy with a $325 PT; Barclays upgraded SanDisk to overweight. Micron’s PT was raised to $1,175 by Barclays. JPMorgan upgraded FedEx to overweight ahead of late-June earnings.