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Par Pacific Holdings (PARR)
NYSE:PARR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.53Last Year’s EPS
-0.94Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone: the company delivered record throughput in the year, achieved record segment results in Logistics and Retail, materially strengthened liquidity and reduced debt and share count, progressed the Hawaii renewables project into commissioning, and posted full-year adjusted EBITDA growth of ~13%. Offsetting these positives were localized operational setbacks (Wyoming heater event, Montana coker maintenance), elevated production costs at some sites, and a softer near-term refining margin environment (notably a lower combined refining index heading into Q1). Overall, the positive operational achievements, stronger balance sheet, and record segment results meaningfully outweigh the contained operational and market-related challenges.Company Guidance
Record Annual Adjusted EBITDA and Net Income
Full-year adjusted EBITDA of $634,000,000 (approximately +13% vs 2024) and full-year adjusted net income of $390,000,000, or $7.56 per share, demonstrating strong year-over-year profitability and structural improvements.
Quarterly Financial Performance
Fourth quarter adjusted EBITDA of $113,000,000 and adjusted net income of $60,000,000, or $1.17 per share, reflecting solid quarterly cash generation amid a volatile refining backdrop.
Record Throughput and Operational Gains
Record annual system refining throughput of ~188,000 barrels per day (led by Hawaii). Fourth-quarter combined throughput of 191,000 bpd. Hawaii throughput averaged 84,000 bpd for the year (~4% above the prior three-year average) with Q4 at 87,000 bpd, indicating sustained operational improvement.
Segment Records — Logistics and Retail
Logistics achieved record full-year adjusted EBITDA of $126,000,000 driven by strong system utilization and cost reductions. Retail set a record full-year adjusted EBITDA of $86,000,000, up from $76,000,000 in 2024 (≈+13%).
Strengthened Balance Sheet and Liquidity
Year-end liquidity of ~$915,000,000 (record), representing a ~49% improvement in liquidity. Gross term debt of ~$640,000,000 and gross debt reduced by ~$310,000,000 for the year, positioning leverage at the low end of targets.
Capital Allocation Actions
Repurchased 6.5 million shares (reducing shares outstanding by ~10%) and completed $100,000,000 proceeds from the Hawaii Renewables joint venture. Repriced term loan to reduce spread by 50 basis points, lowering annual cash interest by >$3,000,000.
Hawaii Renewables Progress and JV Monetization
Hawaii renewables project progressed into commissioning/early startup; pretreatment reached on-spec feedstock and post-treated feedstocks expected soon. Monetization via a joint venture provided immediate proceeds and improved liquidity.
Strong Cash Generation
Full-year cash from operations of $568,000,000 (excluding working capital outflows and deferred turnaround costs), providing flexibility for growth, deleveraging, and opportunistic buybacks.
PARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $41.03 | $38.53 | -6.09% |
Nov 04, 2025 | $40.53 | $37.63 | -7.16% |
Aug 05, 2025 | $30.48 | $27.09 | -11.12% |
May 06, 2025 | $14.94 | $16.53 | +10.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Par Pacific Holdings (PARR) report earnings?
Par Pacific Holdings (PARR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Par Pacific Holdings (PARR) earnings time?
Par Pacific Holdings (PARR) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PARR EPS forecast?
PARR EPS forecast for the fiscal quarter 2026 (Q1) is 0.53.