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. No material turnaround outlays are expected during 2023.
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.
