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Par Pacific Holdings (NYSE: PARR) Eyes 7-10% growth in FY24 Revenue to USD 1.165B to USD 1.20Bn
Image Source: Kalkine Media
Highlights
Par Pacific Holdings, Inc. (NYSE:PARR) is an energy company. It provides both conventional and renewable fuels to the western United States. It has a market capitalization of USD 1.21bn.
In Q2FY24, the company saw a revenue increase of 13.09% compared to the previous corresponding period, largely driven by steady performance in its retail and logistics segments alongside consistent refining operations. Despite this revenue growth, net income fell by approximately 37.89% due to higher operating and interest expenses, although increased revenue partially offset these impacts.
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