Par Pacific Holdings (PARR) AI Stock Analysis

• Market Cap: $2.17B
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): 9.1
• Beta (1Y): 0.70
• Revenue Growth: -10.11%
• EPS Growth: -7.00%
• Country: US
• Employees: 1,787
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 5.95
• Shares Outstanding: 50,291,042
• 10 Day Avg. Volume: 770,795
• 30 Day Avg. Volume: 1,168,750
• 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: 1.52
• Enterprise Value/Revenue: 0.44
• Enterprise Value/Gross Profit: 3.02
• Enterprise Value/Ebitda: 6.11
• 1Y Price Target: $45.86
• Price Target Upside: 6.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $47.00 ▲(9.51% Upside)

Par Pacific Holdings' overall score is driven by strong earnings performance and undervaluation, despite financial challenges related to leverage and cash flow. Technical indicators support a positive trend, while strategic initiatives in renewable energy provide growth potential.

Positive Factors

Renewable Fuels Joint Venture

The joint venture for renewable fuels positions Par Pacific for growth in sustainable energy, diversifying revenue streams and reducing carbon footprint.

Operational Efficiency

Record throughput and low production costs enhance operational efficiency, supporting long-term profitability and competitive positioning.

Strong Balance Sheet

Improved liquidity and cash flow management strengthen financial stability, enabling strategic investments and resilience against market fluctuations.

Negative Factors

Inconsistent Revenue Growth

Inconsistent revenue growth may hinder long-term strategic planning and investment, impacting the company's ability to capitalize on market opportunities.

High Leverage

High leverage can limit financial flexibility and increase risk, potentially affecting the company's ability to navigate economic downturns.

Cash Flow Challenges

Challenges in generating positive free cash flow can strain operations and limit the company's capacity to fund growth initiatives or manage debt.

Par Pacific Holdings Business Overview & Revenue Model

Company Description

Par Pacific Holdings, Inc. is a diversified energy company based in the United States, primarily engaged in the refining, logistics, and marketing of petroleum products. The company operates through its subsidiaries in the refining sector, where it processes crude oil into gasoline, diesel, and other refined products. Additionally, Par Pacific has a strong presence in the logistics and distribution of these products, supporting its operations with a network of terminals and transportation assets. The company also engages in retail operations through its network of convenience stores and gas stations, enhancing its market reach.

How the Company Makes Money

Par Pacific generates revenue primarily through its refining operations, where it earns money by processing crude oil and selling the refined products such as gasoline and diesel. The company benefits from the margins between the cost of crude oil and the selling prices of refined products. Key revenue streams also include logistics and transportation services, where Par Pacific charges for the movement and storage of petroleum products. Furthermore, retail operations contribute to the revenue through direct sales at convenience stores and gas stations. Strategic partnerships with suppliers and distributors, along with favorable market conditions in the energy sector, play a significant role in enhancing its earnings.

Par Pacific Holdings Financial Statement Overview

Summary

Par Pacific Holdings has shown improvements in profitability and operational efficiency, but faces challenges with leverage and cash flow management. The income statement is strong, but the balance sheet and cash flow metrics reveal ongoing risks.

Income Statement

Par Pacific Holdings has shown strong gross profit margins, particularly in the TTM period, with a notable improvement from previous years. The net profit margin has also turned positive, indicating improved profitability. However, revenue growth has been inconsistent, with a recent decline in the TTM period. The EBIT and EBITDA margins have shown improvement, reflecting better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved significantly in the TTM period, indicating better leverage management. However, it remains a concern compared to industry norms. Return on equity has improved, showing better profitability relative to shareholder equity. The equity ratio is low, suggesting a higher reliance on debt financing.

Cash Flow

Cash flow metrics indicate challenges, with negative free cash flow growth in the TTM period. The operating cash flow to net income ratio is weak, suggesting issues in converting income into cash. However, the free cash flow to net income ratio is strong, indicating efficient cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.48B	7.97B	8.23B	7.32B	4.71B	3.12B
Gross Profit	1.09B	741.72M	1.27B	846.00M	277.37M	87.14M
EBITDA	539.72M	175.37M	805.59M	532.96M	80.46M	-269.55M
Net Income	236.00M	-33.32M	728.64M	364.19M	-81.30M	-409.09M
Balance Sheet
Total Assets	4.08B	3.83B	3.86B	3.28B	2.57B	2.13B
Cash, Cash Equivalents and Short-Term Investments	159.41M	191.92M	279.11M	490.93M	112.22M	68.31M
Total Debt	1.65B	1.57B	1.02B	870.63M	960.98M	1.08B
Total Liabilities	2.68B	2.64B	2.53B	2.64B	2.30B	1.89B
Stockholders Equity	1.40B	1.19B	1.34B	644.54M	265.70M	246.27M
Cash Flow
Free Cash Flow	87.33M	-51.76M	496.88M	399.58M	-57.16M	-100.74M
Operating Cash Flow	256.34M	83.78M	579.16M	452.61M	-27.62M	-37.21M
Investing Cash Flow	-166.73M	-133.99M	-659.04M	-87.31M	74.63M	-63.46M
Financing Cash Flow	-113.53M	-36.96M	-135.60M	13.41M	-1.09M	42.56M

Par Pacific Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 42.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PARR, the sentiment is Neutral. The current price of 42.92 is below the 20-day moving average (MA) of 44.15, above the 50-day MA of 40.39, and above the 200-day MA of 28.07, indicating a neutral trend. The MACD of 0.84 indicates Positive momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 20.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PARR.

Par Pacific Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUN	72 Outperform	$8.13B	18.10	8.27%	6.71%	-5.18%	-33.14%
PARR	70 Outperform	$2.17B	9.06	17.81%	―	-10.11%	-7.00%
DINO	68 Neutral	$9.09B	23.77	4.07%	4.00%	-9.55%	27.65%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CVI	60 Neutral	$3.28B	19.78	21.78%	8.71%	-7.21%	135.72%
PBF	55 Neutral	$3.64B	―	-9.47%	3.46%	-15.35%	-81.94%
DK	49 Neutral	$2.14B	―	-115.95%	2.95%	-22.37%	-27.22%

Par Pacific Holdings Corporate Events

Par Pacific Holdings Forms Joint Venture for Renewable Fuels

On October 21, 2025, Par Pacific Holdings announced the closing of a joint venture with Alohi Renewable Energy LLC to develop a renewable fuels manufacturing facility in Kapolei, Hawaii. This joint venture, in which Mitsubishi Corporation and ENEOS Corporation acquired a 36.5% equity stake, aims to produce renewable diesel, sustainable aviation fuel, renewable naphtha, and low carbon liquified petroleum gases, with the facility expected to be the state’s largest, producing approximately 61 million gallons per year.

Par Pacific Holdings Signs Framework Agreement with Wells Fargo

On October 2, 2025, Hawaii Renewables, a subsidiary of Par Pacific Holdings, entered into a Framework Agreement with Wells Fargo for commodity swap transactions involving soybean oil and crude oil. This agreement, which includes a related ISDA Master Agreement, outlines monthly prepaid swaps and is set for an initial one-year term with automatic renewals. The arrangement aims to support HR’s payment obligations and inventory management, while Par Pacific guarantees HR’s obligations under these agreements. Additionally, HR granted Wells Fargo a security interest in certain collateral to secure its obligations, and both parties agreed on a Credit Support Annex to manage collateral delivery based on market exposure.