Par Petroleum (PARR) Misses Q1 EPS by 26c
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Par Petroleum Corporation Announces First Quarter 2015 Results
May 11, 2015 7:00 AM EDTHOUSTON, May 11, 2015 /PRNewswire/ -- Par Petroleum Corporation (NYSE MKT: PARR) today reported first quarter 2015 net income of $0.5 million, or $0.01 per diluted share, compared to net loss of $14.6 million, or $(0.48) per share in the first quarter of 2014. First quarter 2015 net income included a $10.0 million negative impact from the contingent consideration under the Tesoro agreement and revaluation of common stock warrants, compared to a gain of $4.0 million for the first quarter of 2014. Adjusted EBITDA for the first quarter was $22.4 million compared to an Adjusted EBITDA loss of $9.1 million for the first quarter of 2014.... More
