Par Pacific Holdings to Sell 46% Stake in Laramie Energy for $485 Million

By Hao Liu • Wednesday, August 26 13:01 • Permanent Link

Par Pacific Holdings said its 46% stake in Laramie Energy will be sold as part of a $485 million cash deal for substantially all of Laramie’s oil and gas assets.

For Par Pacific, the expected take from the transaction is about $146 million after debt repayment, closing adjustments and fees. Of that amount, about $27.5 million would not be received until the fifth anniversary of closing. The company also could receive up to roughly $30 million more through contingent earn-out payments.

The deal includes $60 million of the $485 million purchase price deferred until the fifth anniversary of closing, and Laramie could collect up to an additional $65 million in earn-outs over the first through fifth anniversaries after closing.

Par Pacific said the transaction is expected to close by the end of 2026. Once completed, the company will exit its investment in Laramie Energy entirely. Today the company's shares have moved 0.16% to a price of $73.94. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.