Par Pacific (PARR) Tops Q4 EPS by 9c, Revenues Beat

Par Pacific (NYSE: PARR) reported Q4 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $879.11 million versus the consensus estimate of $853.73 million.

• Net Income of $13.9 million, or $0.30 per diluted share
• Adjusted Net Income of $20.7 million, or $0.44 per diluted share
• Adjusted EBITDA of $41.0 million
• Record on-island sales of 81,300 barrels per day in Hawaii
• Completed purchase of refining units from Island Energy Services in December
• Announced acquisition of U.S. Oil & Refining Co.

"We concluded the year with strong financial performance in the fourth quarter, led by our Hawaii refining operations and retail segment," said William Pate, Par Pacific's President and Chief Executive Officer. "By having successfully executed on several strategic acquisitions in the past year, we have formed an integrated downstream network in our target markets and enter 2019 positioned to realize significant earnings and free cash flow growth."

For earnings history and earnings-related data on Par Pacific (PARR) click here.

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