Par Pacific Holdings ( (PARR) ) has released its Q1 earnings. Here is a breakdown of the information Par Pacific Holdings presented to its investors.
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Par Pacific Holdings, Inc., headquartered in Houston, Texas, is an energy company that operates in the refining, retail, and logistics sectors, providing both renewable and conventional fuels primarily in the western United States.
Par Pacific Holdings reported a challenging first quarter in 2025, with a net loss of $30.4 million, or $0.57 per diluted share. The company faced headwinds in its refining segment but made strides in strategic initiatives, including the early restart of its Wyoming refinery.
Key financial metrics for the quarter included an adjusted net loss of $50.3 million and adjusted EBITDA of $10.1 million. The refining segment experienced an operating loss of $24.7 million, while the retail and logistics segments showed resilience with operating incomes of $16 million and $21.9 million, respectively. Par Pacific also repurchased $51 million of common stock, reducing shares outstanding by 5%.
Despite the losses, Par Pacific’s management remains optimistic about the future, citing a strong balance sheet and declining capital requirements in the second half of the year. The company is focused on completing its Montana turnaround and Hawaii SAF project, which are expected to contribute positively to future performance.