Par Pacific Holdings (PARR) AI Stock Analysis

• Market Cap: $1.65B
• Dividend Yield: N/A
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 3.0
• Beta (1Y): 0.63
• Revenue Growth: -9.25%
• EPS Growth: -113.66%
• Country: US
• Employees: 1,787
• Sector: Energy
• Sector Strength: 61
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -0.94
• Shares Outstanding: 51,578,860
• 10 Day Avg. Volume: 1,032,133
• 30 Day Avg. Volume: 1,465,118
• PEG Ratio: 0.35
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -54.50
• Enterprise Value/Market Cap: 1.93
• Enterprise Value/Revenue: 0.10
• Enterprise Value/Gross Profit: 5.29
• Enterprise Value/Ebitda: 2.43
• 1Y Price Target: $30.60
• Price Target Upside: -6.91% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 67 Neutral
• Price Target: $35.00 ▲(6.48%Upside)

Par Pacific Holdings shows moderate potential with technical analysis indicating bullish momentum as a key strength. Financial performance is a significant concern due to declining profitability and cash flow. Valuation challenges, including a negative P/E ratio, further weigh down the score. The earnings call provides a balanced outlook with advancements in strategic initiatives.

Positive Factors

Operational Efficiency

PARR restarted Wyoming ahead of schedule, reaching normal operations sooner than anticipated.

Segment Performance

The strong contribution from less-cyclical Logistics and Retail businesses highlights the strength of PARR's portfolio.

Share Repurchase

PARR repurchased 5% of shares, signaling confidence in its current liquidity position and share price.

Negative Factors

Earnings Outlook

A steep decline in Rockies margins is contributing to a significant earnings decline.

Earnings Sell-off

PARR stock sold off following earnings due to macro dynamics and its outlook.

Operational Challenges

An operational hiccup at Wyoming will reduce rates and likely add to costs in the near term.

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 through multiple channels within the energy sector. Its primary revenue streams include refining operations, where it processes crude oil into various refined products such as gasoline, diesel, and jet fuel, which are then sold to wholesale and retail customers. The company also earns income from its logistics operations, which involve the transportation and storage of crude oil and refined products. Additionally, Par Pacific operates retail outlets under various brand names, directly selling gasoline and convenience store products to consumers. Strategic partnerships and market positioning in key geographic locations further enhance the company's ability to capture market share and optimize earnings.

Par Pacific Holdings Financial Statement Overview

Summary

Par Pacific Holdings faces financial challenges with declining revenue and profitability, as reflected in negative net margins and reduced cash flow. The balance sheet shows moderate leverage and a solid equity base, but improving profitability and cash generation remains crucial for future stability.

Income Statement

Par Pacific Holdings' TTM data shows a decline in gross profit margin to 7.78% from higher levels in previous years, indicating reduced profitability. The net profit margin is negative at -0.77%, reflecting ongoing losses. Revenue has decreased by 3.0% from the previous period, marking a downturn. EBIT and EBITDA margins have also contracted, suggesting operational challenges.

Balance Sheet

The company's debt-to-equity ratio stands at 1.47, indicating a moderate level of leverage. ROE is negative due to net losses, but the equity ratio remains healthy at 29.62%, suggesting a solid equity base. The balance sheet reflects modest stability but highlights the need to address profitability issues.

Cash Flow

The free cash flow has turned negative, showing a decline in cash generation capability. The operating cash flow to net income ratio is positive, suggesting decent cash flow relative to net income losses, but the free cash flow to net income ratio is negative, indicating cash outflows exceed net losses.

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

Par Pacific Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.87
• 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 32.87 is above the 20-day moving average (MA) of 31.96, above the 50-day MA of 26.76, and above the 200-day MA of 18.61, indicating a bullish trend. The MACD of 1.57 indicates Positive momentum. The RSI at 60.35 is Neutral, neither overbought nor oversold. The STOCH value of 18.53 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	71 Outperform	$8.18B	9.63	26.11%	6.42%	-3.59%	22.77%
Sector *	67 Neutral	$15.31B	9.95	7.33%	5.34%	4.37%	-68.95%
PARR	67 Neutral	$1.65B	3.02	-4.95%	―	-9.25%	-113.66%
PBF	54 Neutral	$2.90B	―	-18.01%	4.22%	-16.30%	-160.78%
CAPL	54 Neutral	$844.24M	27.95	666.62%	9.45%	-6.57%	-50.55%
DK	51 Neutral	$1.42B	―	-151.69%	4.35%	-29.23%	-931.43%
CVI	49 Neutral	$2.89B	268.82	-27.14%	9.48%	-16.21%	-130.18%

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.

The most recent analyst rating on (PARR) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Par Pacific Holdings stock, see the PARR Stock Forecast page.

Par Pacific Holdings Approves Key Proposals at Annual Meeting

On May 1, 2025, Par Pacific Holdings held its Annual Meeting of Stockholders, where key proposals were voted on, including the election of ten board members, the ratification of Deloitte & Touche LLP as the independent auditor for 2025, and an amendment to increase shares in the Employee Stock Purchase Plan by 500,000. The proposals were largely approved, indicating strong shareholder support for the company’s governance and strategic plans, which could enhance its operational flexibility and stakeholder confidence.