Par Pacific Holdings (PARR) AI Stock Analysis

• Market Cap: $2.03B
• Dividend Yield: N/A
• Average Volume (3M): 1.26M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• Revenue Growth: -13.09%
• EPS Growth: -103.24%
• Country: US
• Employees: 1,787
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 1.54
• Shares Outstanding: 50,814,686
• 10 Day Avg. Volume: 954,821
• 30 Day Avg. Volume: 1,257,386
• 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: 1.45
• Enterprise Value/Revenue: 0.39
• Enterprise Value/Gross Profit: 2.62
• Enterprise Value/Ebitda: 14.17
• 1Y Price Target: $41.43
• Price Target Upside: 4.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 52 Neutral
• Price Target: $30.00 ▼(-24.32% Downside)

Par Pacific Holdings' overall stock score reflects significant financial challenges, particularly in profitability and cash flow management. While the earnings call provided some positive insights, such as strategic partnerships and operational achievements, the technical analysis and valuation indicate moderate to weak performance. The company's high leverage and negative P/E ratio are key concerns that weigh heavily on the overall score.

Positive Factors

Strategic Joint Venture

The joint venture enhances Par Pacific's renewable fuels capabilities, positioning it for growth in sustainable energy markets and diversifying its revenue streams.

Record Operational Throughput

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

Strong Cash Position

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

Negative Factors

High Leverage

High leverage can strain financial resources and limit the company's ability to invest in growth opportunities, posing a risk to long-term stability.

Declining Revenue Growth

Declining revenue growth indicates challenges in market expansion and product demand, potentially impacting future profitability and market position.

Negative Free Cash Flow Growth

Negative free cash flow growth suggests difficulties in generating cash from operations, which could hinder the company's ability to fund new projects or reduce debt.

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: 39.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 39.64 is above the 20-day moving average (MA) of 36.32, above the 50-day MA of 35.12, and above the 200-day MA of 24.15, indicating a bullish trend. The MACD of 1.27 indicates Negative momentum. The RSI at 60.71 is Neutral, neither overbought nor oversold. The STOCH value of 80.85 is Negative, 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	―	$8.18B	26.26	6.62%	6.62%	-8.65%	-73.25%
Sector *	―	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
DINO	―	$10.20B	―	-0.93%	3.65%	-14.58%	-107.50%
CVI	―	$3.86B	-11.59	-50.65%	7.19%	-15.98%	-160.88%
PARR	―	$2.03B	―	-1.59%	―	-13.09%	-103.24%
DK	―	$2.25B	―	-200.75%	2.73%	-29.94%	-723.41%
PBF	―	$3.79B	―	-17.30%	3.36%	-18.73%	-236.79%

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.

The most recent analyst rating on (PARR) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Par Pacific Holdings stock, see the PARR Stock Forecast page.

Par Pacific Holdings 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.

The most recent analyst rating on (PARR) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Par Pacific Holdings stock, see the PARR Stock Forecast page.

Par Pacific Holdings Reports Strong Q2 2025 Results

Par Pacific Holdings, Inc., headquartered in Houston, Texas, is an energy company that provides renewable and conventional fuels across the western United States, operating refineries and retail outlets under the Hele and nomnom brands.

Par Pacific Holdings Reports Strong Q2 Earnings

Par Pacific Holdings recently held its earnings call, revealing a strong financial and operational performance. The company reported record throughput in Hawaii and strategic advancements in renewable fuels, despite facing challenges in Wyoming and Montana, as well as weather-related impacts in Hawaii. Overall, the sentiment was positive, with favorable financial positions and market conditions.