Par Pacific Announces 2024 Capital Expenditure Guidance
21 Décembre 2023 - 11:00PM
Par Pacific Holdings, Inc. (NYSE: PARR)
(“Par Pacific”) today announced its 2024 capital
expenditure and turnaround outlay guidance with a range of $220
million to $250 million.
|
2024 Capital Expenditure andTurnaround Outlay
Guidance |
$ in millions |
|
|
|
Turnarounds &
Catalyst ¹ |
$75 - 90 |
Maintenance ² |
85 - 90 |
Growth ³ |
60 - 70 |
Total Capital Expenditure andTurnaround
Outlay |
$220 - 250 |
¹ Includes pre-turnaround spend related to the 2025 Hawaii
turnaround.² Includes Billings reliability investments.³ Includes
capital spend for the Hawaii renewable hydrotreater project. |
|
About Par Pacific
Par Pacific Holdings, Inc. (NYSE: PARR),
headquartered in Houston, Texas, is a growing energy company
providing both renewable and conventional fuels to the western
United States. In the Pacific Northwest and the Rockies, Par
Pacific owns and operates 124,000 bpd of combined refining capacity
across three locations and an extensive energy infrastructure
network, including 7.6 million barrels of storage, and marine,
rail, rack, and pipeline assets. In addition, Par Pacific operates
the “nomnom” convenience store chain and supplies
ExxonMobil-branded fuel retail stations in the region. Par Pacific
owns and operates one of the largest energy infrastructure networks
in Hawaii with 94,000 bpd of operating refining capacity, a
logistics system supplying the major islands of the state and
Hele-branded retail locations. Par Pacific also owns 46% of Laramie
Energy, LLC, a natural gas production company with operations and
assets concentrated in Western Colorado. More information is
available at www.parpacific.com.
Forward-Looking Statements
This news release includes certain
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which are intended to
qualify for the “safe harbor” from liability established by the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact are forward-looking
statements. Forward-looking statements include, without limitation,
statements about Par Pacific’s anticipated 2024 capital
expenditures and turnaround costs. We cannot provide assurances
that the assumptions upon which these forward-looking statements
are based will prove to have been correct. Should underlying
assumptions prove incorrect, actual results may vary materially
from those expressed or implied in any forward-looking statements,
and investors are cautioned not to place undue reliance on these
forward-looking statements, which are current only as of this date.
We do not intend to update or revise any forward-looking statements
made herein or any other forward-looking statements because of new
information, future events or otherwise. We further expressly
disclaim any written or oral statements made by a third party
regarding the subject matter of this news release.
For more information contact:
Ashimi PatelDirector, Investor Relations and Renewables(832)
916-3355apatel@parpacific.com
Par Pacific (NYSE:PARR)
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