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Par Pacific Holdings, Inc.

Par Pacific Holdings, Inc.

NYSE•PARR
CEO: Mr. William Monteleone
Sector: Energy
Industry: Oil & Gas Refining & Marketing
Listing Date: 2012-09-05
Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana. The Retail segment operates 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. The Logistics segment owns and operates terminals, pipelines, single point mooring, marine vessels, storage facilities, loading and truck racks, and rail facilities to distribute ethanol, petroleum, and refined products throughout Hawaii, the United States West Coast, Washington, the Dakotas, and Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. It also holds interest in refined products pipeline. In addition, the company owns and operates a marine terminal, a unit train-capable rail loading terminal; 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.
Contact Information
825 Town & Country Lane, Suite 1500, Houston, TX, 77024, United States
281-899-4800
www.parpacific.com
Market Cap
$2.04B
P/E (TTM)
8.5
27.7
Dividend Yield
--
52W High
$48.40
52W Low
$11.86
52W Range
79%
Rank67Top 91.5%
1.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.01B-6.11%
4-Quarter Trend

EPS

$5.29+3969.23%
4-Quarter Trend

FCF

$107.35M+114.04%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Net Income Soars Net income reached $262.6M for Q3 2025, a $255.1M improvement over $7.5M reported in Q3 2024.
Nine Month Operating Income Operating income totaled $439.5M for nine months ended Sep 30, showing a $344.9M increase versus prior year.
Strong Cash Flow Generation Net cash provided by operating activities was $351.5M for nine months, increasing $252.3M compared to 2024.
Refining Margin Expansion Refining segment Adjusted Gross Margin increased $260.5M for nine months, significantly boosted by SRE benefits.

Risk Factors

Wyoming Refinery Operational Delay Wyoming refinery remained safely idled due to operational incident from February 12 until late April 2025.
Environmental Remediation Costs Accrued $12.1M for Wyoming contamination; $11.6M estimated for required new wastewater treatment system.
Trade Policy and Tariffs Uncertainty from U.S. trade policy and tariffs may increase feedstock costs and create market volatility.
RFS Exemption Uncertainty 2025 Small Refinery Exemption determination is pending from EPA, affecting future compliance cost assumptions.

Outlook

Renewable Fuels Facility JV Completed forming Renewable Fuels Facility JV (63.5% owned); construction expected completion by end of 2025.
Strong Liquidity Position Liquidity stands at $735.2M as of Sep 30, 2025, including $576.1M availability under the ABL Credit Facility.
Share Repurchase Program Active New $250M share repurchase program authorized; $165.0M authorization remaining as of September 30, 2025.

Peer Comparison

Revenue (TTM)

World Kinect CorporationWKC
$37.63B
-15.3%
Delek US Holdings, Inc.DK
$10.67B
-22.4%
Par Pacific Holdings, Inc.PARR
$7.48B
-10.1%

Gross Margin (Latest Quarter)

Baytex Energy Corp.BTE
36.6%
+7.0pp
TORM plcTRMD
36.3%
-22.0pp
Cosan S.A.CSAN
35.0%
+2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BKV$2.40B52.12.9%16.8%
BTE$2.33B8.79.0%28.1%
CSAN$2.15B-0.8-165.8%48.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.2%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$2.12
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 5, 2025|
    Revenue: $2.01B-6.1%
    |
    EPS: $5.29+3969.2%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $1.89B-6.1%
    |
    EPS: $1.18+257.6%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $1.75B-11.9%
    |
    EPS: $-0.57+796.2%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $7.97B-3.1%
    |
    EPS: $-0.59-104.9%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $2.14B-16.9%
    |
    EPS: $0.13-95.4%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $2.02B+13.1%
    |
    EPS: $0.33-34.0%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $1.98B+17.5%
    |
    EPS: $-0.06-101.6%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $8.23B+12.4%
    |
    EPS: $12.14+98.4%
    Beat