Par Pacific Holdings has filed its financial results for the quarter ended March 31, 2021 – reporting a net loss of $62.2 million, or $(1.15) per diluted share.
This was compared to a net loss of $222.3 million, or $(4.18) per diluted share, for the same quarter in 2020.
First quarter 2021 adjusted net loss was $84.4 million, compared to adjusted net loss of $27.3 million in the first quarter of 2020.
First quarter 2021 adjusted EBITDA was $(43.3) million, compared to $13.7 million in the first quarter of 2020.
President and chief executive officer William Pate said: “Our first quarter results reflect the ongoing economic recovery. Conditions continue to improve in the second quarter.
“Over the past 15 months, we completed three turnarounds and positioned our refineries for demand recovery while improving both liquidity and net debt. These actions are consistent with our focus on delivering long-term value to our shareholders.”
For more information visit www.parpacific.com
