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  "documentTitle": "Par Pacific | Investor Presentation Deck | 26 slides",
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  "authorName": "Par Pacific",
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  "presentationDate": "2023-10-01 00:00:00",
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      "text": "Par Pacific",
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      "kind": "paragraph",
      "text": "Consolidated Adjusted EBITDA by Segment Reconciliation (1)\nFor the twelve months ended December 31, 2020\n($ in thousands)",
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      "text": "(1) Please read slide 20 for the definition of Adjusted EBITDA by segment used herein. Beginning in the third quarter of 2020, Adjusted EBITDA by\nsegment excludes the LIFO layer liquidation impacts associated with our Washington inventory. There was no LIFO liquidation adjustment for the\ntwelve months ended December 31, 2020. Beginning with financial results reported for periods in fiscal year 2022, the inventory valuation\nadjustment was modified to include the first-in, first-out (\"FIFO\") inventory gains (losses) associated with our titled manufactured inventory in\nHawaii. Beginning with financial results reported for the second quarter of 2022 and first quarter of 2023, the RINs mark-to-market adjustments\nwere modified to include the mark-to-market losses (gains) associated with our net RINs liability and net Washington emissions liability,\nrespectively. This modification was made to better reflect our operating performance and to improve comparability between periods. Adjusted\nEBITDA by segment has been recast for prior periods when reported to conform to the modified presentation For the twelve months ended\nDecember 31, 2020, there was no gain on curtailment of post retirement medical plan obligation.",
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      "text": "Operating income (loss)\nAdjustments to operating income (loss):\nDepreciation and amortization\nInventory valuation adjustment\nEnvironmental credit mark-to-market\nadjustments\nUnrealized loss on derivatives\nAcquisition and integration costs\nSeverance costs\nImpairment expense\nOther income/expense\nAdjusted EBITDA\nRefining\n(331,826)\n53,930\n9,994\n81,709\n(4,804)\n312\n55,989\n(134,696)\nLogistics\n35,044\n21,899\n8\n56,951\nRetail\n24,211\n10,692\n29,817\n64,720\nCorporate and Other\n(45,427)\n3,515\n614\n192\n1,049\n(40,057)",
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      "kind": "title",
      "text": "Non-GAAP Financial Measures",
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