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Last $19.61 USD
Change Today +1.06 / 5.71%
Volume 64.9K
PARR On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

par petroleum corp (PARR) Key Developments

Par Petroleum Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Par Petroleum Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company generated a net income of $11.723 million, or $0.31 per basic and diluted share, compared to a net loss of $24.677 million, or $0.81 per basic and diluted share for the same period last year. The company recorded an $18.6 million tax benefit in the second quarter of 2015 for the release of a valuation allowance due to the Mid Pac Acquisition. The company also recorded a non-cash loss of $19.2 million in the second quarter primarily related to the termination of the Supply and Exchange Agreement with Barclays Bank PLC that was previously announced in June 2015. Net income for the second quarter 2015 also included an aggregate non-cash loss of $6.2 million related to the contingent consideration under the Company's purchase agreement with Tesoro and the revaluation of common stock warrants, compared to an aggregate gain of $2.4 million for the second quarter 2014. Excluding the impact of those four items, adjusted net income was $17.083 million, or $0.46 per basic and diluted share for the second quarter 2015 against adjusted net loss of $24.504 million, or $0.81 per basic and diluted share a year ago. Adjusted EBITDA for the second quarter was $30.841 million compared to an adjusted LBITDA of $18.575 million in last year's second quarter. Total operating Revenue was $583.759 million against $802.137 million a year ago. Operating income was $27.460 million against operating loss of $24.380 million a year ago. Loss before income taxes was $6.884 million against $24.675 million a year ago. In the second quarter 2015, net cash from operations totaled $98.6 million and the company had net repayments of debt, including loan costs, of $23.3 million. For the six months, the company reported total operating revenues of $1,127.370 million against $1,545.383 million a year ago. Operating income was $45.317 million against operating loss of $39.182 million a year ago. Loss before income taxes was $6.357 million against $39.208 million a year ago. Net income was $12.185 million or $0.32 per basic and diluted share against net loss of $39,245 million or $1.29 per basic and diluted share a year ago. Adjusted EBITDA was $53.241 million against adjusted LBITDA of $27.510 a year ago. Adjusted net income was $28.784 million or $0.77 per basic and diluted share against adjusted net loss of $27,510 million or $1.32 per basic and diluted share a year ago.

Par Petroleum Corporation(AMEX:PARR) added to Russell 2000 Index

Par Petroleum Corporation will be added to Russell 2000 Index

Par Petroleum Corporation(AMEX:PARR) added to Russell 3000 Index

Par Petroleum Corporation will be added to the Russell 3000 Index.

Par Petroleum Corporation to Report Q2, 2015 Results on Aug 06, 2015

Par Petroleum Corporation announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 06, 2015

Par Petroleum Corporation, Q2 2015 Earnings Call, Aug 07, 2015

Par Petroleum Corporation, Q2 2015 Earnings Call, Aug 07, 2015

 

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PARR:US $19.61 USD +1.06

PARR Competitors

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Energy XXI Ltd $1.81 USD +0.10
Linn Energy LLC $3.30 USD +0.40
Penn Virginia Corp $1.07 USD +0.1355
Sanchez Energy Corp $5.95 USD +0.30
Swift Energy Co $0.53 USD +0.02
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Industry Analysis

PARR

Industry Average

Valuation PARR Industry Range
Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 2.5x
Price/Cash Flow 34.3x
TEV/Sales 0.2x
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