Par Pacific Holdings (PARR) AI Stock Analysis

• Market Cap: $1.67B
• Dividend Yield: N/A
• Average Volume (3M): 1.63M
• Price to Earnings (P/E): 3.0
• Beta (1Y): 0.63
• Revenue Growth: -13.09%
• EPS Growth: -103.24%
• Country: US
• Employees: 1,787
• Sector: Energy
• Sector Strength: 55
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 1.54
• Shares Outstanding: 50,814,686
• 10 Day Avg. Volume: 1,539,303
• 30 Day Avg. Volume: 1,632,791
• PEG Ratio: 0.27
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -17.98
• Enterprise Value/Market Cap: 1.76
• Enterprise Value/Revenue: 0.39
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 14.17
• 1Y Price Target: $36.00
• Price Target Upside: 9.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 52 Neutral
• Price Target: $30.00 ▼(-8.59% Downside)

Par Pacific Holdings' overall stock score reflects a challenging financial performance with declining revenue and cash flow issues. The technical analysis shows mixed signals, with some positive trends. Valuation metrics are concerning due to a negative P/E ratio. However, the earnings call provided a positive outlook with strategic initiatives and strong operational performance, which partially offsets the financial and valuation concerns.

Positive Factors

Strategic Joint Venture

The joint venture enhances Par Pacific's renewable fuels capabilities, aligning with global decarbonization trends and potentially opening new revenue streams.

Record Operational Throughput

Record throughput in Hawaii demonstrates operational efficiency and capacity to meet market demand, supporting long-term revenue stability.

Strong Cash Position

A strong cash position provides financial flexibility for strategic investments and share repurchases, enhancing shareholder value and stability.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in market competitiveness and demand, potentially impacting long-term profitability and market position.

High Leverage

High leverage can increase financial risk and limit flexibility in downturns, posing challenges to sustaining growth and investment capabilities.

Negative Free Cash Flow Growth

Negative free cash flow growth suggests cash generation issues, which could hinder the company's ability to fund operations and strategic initiatives.

Par Pacific Holdings Business Overview & Revenue Model

Company Description

Par 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.

How the Company Makes Money

Par Pacific Holdings generates revenue primarily through its refining operations, where it processes crude oil into various petroleum products, including gasoline, diesel, and jet fuel. The company earns revenue by selling these refined products to wholesalers, retailers, and directly to consumers. Additionally, Par Pacific's logistics segment contributes to its earnings by providing transportation and storage services for crude oil and refined products, further enhancing its operational efficiency. Retail sales from its convenience stores and gas stations represent another significant revenue stream, offering fuel and convenience items to consumers. The company's strategic partnerships with suppliers and distributors also play a crucial role in maintaining a steady supply of crude oil and facilitating the distribution of its products, thereby supporting its overall profitability.

Par Pacific Holdings Financial Statement Overview

Summary

Par Pacific Holdings faces several financial challenges. The income statement shows declining revenue and profitability issues. The balance sheet reveals high leverage, which could be risky if not managed effectively. The cash flow statement indicates a significant decline in free cash flow, raising concerns about liquidity. While there are some strengths, such as a reasonable gross profit margin and equity ratio, the company needs to address its profitability and cash flow issues to improve its financial health.

Income Statement

Par Pacific Holdings shows a mixed performance in its income statement. The TTM data reveals a gross profit margin of 14.72%, which is a positive indicator of profitability. However, the net profit margin is negative at -0.25%, indicating challenges in converting revenue into profit. The revenue growth rate is negative at -1.60%, reflecting a decline in sales. The EBIT and EBITDA margins are low at 0.76% and 2.73%, respectively, suggesting limited operational efficiency.

Balance Sheet

The balance sheet presents a moderate financial position. The debt-to-equity ratio is 1.37, indicating a relatively high level of leverage, which could pose risks if not managed properly. The return on equity is negative at -1.63%, reflecting challenges in generating returns for shareholders. However, the equity ratio is 29.48%, showing a reasonable proportion of equity financing.

Cash Flow

The cash flow statement highlights some concerns. The free cash flow growth rate is significantly negative at -197.24%, indicating a substantial decline in free cash flow. The operating cash flow to net income ratio is 0.16, suggesting limited cash generation relative to net income. The free cash flow to net income ratio is 0.15, indicating challenges in converting net income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.61B	7.97B	8.23B	7.32B	4.71B	3.12B
Gross Profit	1.12B	741.72M	1.27B	846.00M	277.37M	87.14M
EBITDA	207.54M	176.16M	805.59M	542.22M	80.56M	-271.81M
Net Income	-19.15M	-33.32M	728.64M	364.19M	-81.30M	-409.09M
Balance Sheet
Total Assets	3.90B	3.83B	3.86B	3.28B	2.57B	2.13B
Cash, Cash Equivalents and Short-Term Investments	169.19M	191.92M	279.11M	490.93M	112.22M	68.31M
Total Debt	1.58B	1.57B	1.02B	870.63M	960.98M	1.08B
Total Liabilities	2.75B	2.64B	2.53B	2.64B	2.30B	1.89B
Stockholders Equity	1.15B	1.19B	1.34B	644.54M	265.70M	246.27M
Cash Flow
Free Cash Flow	30.13M	-51.76M	496.88M	399.58M	-57.16M	-100.74M
Operating Cash Flow	195.20M	83.78M	579.16M	452.61M	-27.62M	-37.21M
Investing Cash Flow	-162.79M	-133.99M	-659.04M	-87.31M	74.63M	-63.46M
Financing Cash Flow	-42.86M	-36.96M	-135.60M	13.41M	-1.09M	42.56M

Par Pacific Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PARR, the sentiment is Positive. The current price of 32.82 is below the 20-day moving average (MA) of 32.88, above the 50-day MA of 31.87, and above the 200-day MA of 21.01, indicating a neutral trend. The MACD of 0.98 indicates Positive momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 16.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PARR.

Par Pacific Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUN	66 Neutral	$7.73B	24.81	6.62%	7.12%	-8.65%	-73.25%
Sector *	65 Neutral	$15.18B	7.59	4.09%	5.21%	3.87%	-62.32%
CVI	56 Neutral	$3.13B	268.82	-50.65%	8.86%	-15.98%	-160.88%
CAPL	54 Neutral	$774.18M	18.39	666.62%	10.34%	-10.51%	101.44%
PARR	52 Neutral	$1.67B	3.02	-1.59%	―	-13.09%	-103.24%
DK	51 Neutral	$1.68B	―	-200.75%	3.66%	-29.94%	-723.41%
PBF	51 Neutral	$3.18B	―	-17.30%	4.01%	-18.73%	-236.79%

Par Pacific Holdings Corporate Events

Par Pacific Holdings Announces Hawaii Renewables Joint Venture

On July 21, 2025, Par Pacific Holdings announced a joint venture with Mitsubishi and ENEOS to establish Hawaii Renewables, LLC, aimed at developing a renewable fuels manufacturing facility in Kapolei, Hawaii. The facility, expected to be operational by the end of 2025, will produce approximately 61 million gallons per year of renewable diesel, sustainable aviation fuel, renewable naphtha, and low carbon liquified petroleum gases, contributing to the decarbonization of Hawaii’s air travel market and reducing greenhouse gas emissions.