Zacks Investment Research·5 days ago
Oil Below $70: Buy These 2 Refiners Before the Next RallyPSX and PARR have rallied sharply over the past year, and softer crude prices may offer further support to their refining operations.
Par Pacific Holdings, Inc.(PARR)Earnings, Financials & Key Ratios
PARR•NYSE
$61.46
8.6× P/E·Price updated Jul 7, 2026
AboutPar Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Retail segment operates 119 fuel retail outlets, which sell merchandise, such as soft drinks, prepared foods, and other sundries in Hawaii under the Hele, 76, and nomnom brands; and gasoline, diesel, and retail merchandise in Washington and Idaho under the Cenex, nomnom, and Zip Trip brand names. The Logistics segment owns and operates terminals, pipelines, a single point mooring, and trucking operations to distribute refined products throughout the island of Oahu, Maui, Hawaii, Molokai, and Kauai. It also leases marine vessels; owns and operates a crude oil pipeline gathering system, a refined products pipeline, storage facilities, and loading racks in Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. In addition, this segment owns and operates a marine terminal, a unit train-capable rail loading terminal, storage facilities, a truck rack, and a proprietary pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.Show more
- Revenue$7.46B-6.4%
- EBITDA$683M+281.1%
- Net Income$369M+1208.5%
- EPS (Diluted)7.16+1313.6%
- Gross Margin18.15%+95.1%
- EBITDA Margin9.15%+307.2%
- Operating Margin7.22%+1108.4%
- Net Margin4.95%+1284.1%
- ROE26.93%+1120.8%
PARR Price & Volume
Par Pacific Holdings, Inc. (PARR) stock price & volume — 10-year historical chart
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Refining Margin Volatility Challenges Capital Stability Outlook
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Refining margin volatility
Key Thesis Takeaways
- Par Pacific Holdings faces a challenging outlook defined by extreme sensitivity to refining margins, which have fluctuated between 6.5% and 27.8% over the last ten quarters.
- While the company maintains a $4.2 billion asset base, its reliance on the Kapolei refinery and inconsistent cash conversion—evidenced by a 2026Q1 OCF/NI ratio of -0.75—suggests significant operational risk.
- Investors should monitor the company's ability to manage its $1.6 billion debt load amidst ongoing cyclical margin compression and elevated capital expenditure requirements.
Verdict Logic
while the forward P/E of 4.30 appears attractive, the extreme volatility in net income and the recent negative free cash flow of $83.8 million warrant a cautious approach until operational cash generation stabilizes.
PARR Growth Metrics
Par Pacific Holdings, Inc. (PARR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.71%
5 Years19.02%
3 Years0.65%
TTM-2.52%
Profit CAGR
10 Years-
5 Years-
3 Years0.47%
TTM857.43%
EPS CAGR
10 Years-
5 Years-
3 Years5.6%
TTM892.92%
Return on Capital
10 Years9.5%
5 Years17.63%
3 Years18.78%
Last Year18.91%
PARR Recent Earnings
Par Pacific Holdings, Inc. (PARR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.78-21.6%
$0.99
Rev
$1.8B+2.2%
$1.8B
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$1.17-3.3%
$1.21
Rev
$1.8B+8.1%
$1.7B
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$5.95+200.5%
$1.98
Rev
$2.0B+20.0%
$1.7B
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$1.54+108.1%
$0.74
Rev
$1.9B+11.9%
$1.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.78vs $0.99-21.6% | $1.8Bvs $1.8B+2.2% |
| Q1 2026 | Feb 24, 2026 | $1.17vs $1.21-3.3% | $1.8Bvs $1.7B+8.1% |
| Q4 2025 | Nov 4, 2025 | $5.95vs $1.98+200.5% | $2.0Bvs $1.7B+20.0% |
| Q3 2025 | Aug 5, 2025 | $1.54vs $0.74+108.1% | $1.9Bvs $1.7B+11.9% |
Based on last 12 quarters of dataView full earnings history →
Latest PARR News
Recent stock market news and headlines for Par Pacific Holdings, Inc. (PARR)
Zacks Investment Research·5 days ago
Are Investors Undervaluing Par Pacific (PARR) Right Now?Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research·5 days ago
Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA RatiosCVE, FIVN, PAGS, ERO and PARR stand out with attractive EV-to-EBITDA ratios and strong earnings outlooks.
Peers Comparison
Key metrics vs top competitors for Par Pacific Holdings, Inc. (PARR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $61.46 | $3.04B | 8.58 | -6.39% | 4.95% | 26.93% | — | |
| $53.55 | $2.85B | 16.23 | 7.73% | 16% | 1917.1% | — | |
| $52.32 | $3.21B | -137.68 | -9.53% | -0.48% | -12.94% | — | |
| $37.17 | $3.24B | -95.31 | -1.25% | -4.52% | — | — | |
| $46.08 | $1.52B | 18.43 | 1.24% | 14.13% | 13.67% | — | |
| $266.22 | $79.61B | 35.17 | -5.54% | 3.33% | 15.69% | — |
Compare PARR vs Peers
Par Pacific Holdings, Inc. (PARR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PARR SEC Filings & Documents
Par Pacific Holdings, Inc. (PARR) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 5, 2026·SEC
Material company update
May 4, 2026·SEC
Material company update
Feb 24, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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PARR Frequently Asked Questions
Par Pacific Holdings, Inc. (PARR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Par Pacific Holdings, Inc.'s revenue?
Par Pacific Holdings, Inc. (PARR) reported $7.54B in revenue for fiscal year 2025. This represents a 538712% increase from $1.4M in 1994.
How fast is Par Pacific Holdings, Inc. growing?
Par Pacific Holdings, Inc. (PARR) saw revenue decline by 6.4% over the past year.
Is PARR profitable?
Yes, Par Pacific Holdings, Inc. (PARR) is profitable, generating $454.2M in net income for fiscal year 2025 (4.9% net margin).
Dividend & Returns
What is PARR's return on equity?
Par Pacific Holdings, Inc. (PARR) has a return on equity (ROE) of 26.9%. This is excellent, indicating efficient use of shareholder capital.
What is Par Pacific Holdings, Inc.'s free cash flow?
Par Pacific Holdings, Inc. (PARR) generated $281.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.