Par Pacific Announces 2023 Capital Expenditure Guidance
HOUSTON, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced its 2023 capital expenditure guidance with a range of $60 million to $70 million.
- HOUSTON, Dec. 21, 2022 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced its 2023 capital expenditure guidance with a range of $60 million to $70 million.
- Capital expenditures include approximately $45 million of maintenance, regulatory, and IT spend and approximately $20 million of growth capital.
- Par Pacific continues to evaluate the Hawaii distillate hydrotreater renewable conversion and related feedstock pre-treatment project and expects to make final investment decision during the first quarter of 2023.
- Capital expenditure guidance excludes spend for these projects and the recently announced Billings acquisition which is expected to close in the second quarter of 2023.