PARR

It has been about a month since the last earnings report for Par Petroleum (PARR). Shares have lost about 8.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Par Petroleum due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for Par Pacific Holdings, Inc. before we dive into how investors and analysts have reacted as of late. Par Pacific Misses on Q1 Earnings Estimateas Par Pacific reported adjusted earnings of 78 cents per share, missing the Zacks Consensus Estimate of $1.05 by 25.7%. The bottom line improved from an adjusted loss of 94 cents per share in the year-ago quarter. Quarterly revenues were $1.8 billion, up 4.5% from the year-ago figure of $1.7 million. The top line missed the Zacks Consensus Estimate of $1.9 billion by 5.3%. Management credited stronger market conditions and reliability across the system, while the lower-than-expected quarterly earnings were tied to margin realization dynamics rather than volumes. PARR Segment Revenue Mix Remains Refining-Heavy Segment revenues for the quarter were $1.8 billion in Refining, $76.8 million in Logistics and $133.1 million in Retail. In the year-ago quarter, the company recorded refining revenues of $1.7 billion, logistics revenues of $71.4 million and retail revenues of $136.4 million. The year-over-year revenue increase reflected stronger product pricing and higher refining volumes. Retail revenues declined due to softer fuel and merchandise trends, while Logistics improved on higher utilization across key assets. Par Pacific Results Mixed as Reported Profit Rose Y/Y Adjusted EBITDA for the reported quarter was $91.5 million, a sharp increase from $10.1 million in the first quarter of 2025. PARR reported net income attributable to stockholders of $54.5 million, or $1.10 per share, against a net loss of $30.4 million or 57 cents per share, in the prior-year quarter. On an adjusted basis, net income attributable to stockholders was $38.5 million against an adjusted net loss of $50.3 million a year ago. PARR’s Refining Gains Tempered by Price Lag The Refining segment produced operating income of $56.3 million against an operating loss of $24.7 million a year earlier. Refining adjusted EBITDA was $69.2 million, supported by hig...

Par Pacific Holdings, Inc. PARR reported first-quarter 2026 results on May 5, 2026, after the closing bell. Following the announcement, the company’s share price declined 13% to $60.18 per share. PARR reported adjusted earnings of 78 cents per share, missing the Zacks Consensus Estimate of $1.05 by 25.7%. The bottom line improved from an adjusted loss of 94 cents per share in the year-ago quarter. Quarterly revenues were $1.8 billion, up 4.5% from the year-ago figure of $1.7 million. The top line missed the Zacks Consensus Estimate of $1.9 billion by 5.3%. Management credited stronger market conditions and reliability across the system, while the lower-than-expected quarterly earnings were tied to margin realization dynamics rather than volumes. Par Pacific Holdings, Inc. price-consensus-eps-surprise-chart | Par Pacific Holdings, Inc. Quote Segment revenues for the quarter were $1.8 billion in Refining, $76.8 million in Logistics and $133.1 million in Retail. In the year-ago quarter, the company recorded refining revenues of $1.7 billion, logistics revenues of $71.4 million and retail revenues of $136.4 million. The year-over-year revenue increase reflected stronger product pricing and higher refining volumes. Retail revenues declined due to softer fuel and merchandise trends, while Logistics improved on higher utilization across key assets. Adjusted EBITDA for the reported quarter was $91.5 million, a sharp increase from $10.1 million in the first quarter of 2025. PARR reported net income attributable to stockholders of $54.5 million, or $1.10 per share, against a net loss of $30.4 million or 57 cents per share, in the prior-year quarter. On an adjusted basis, net income attributable to stockholders was $38.5 million against an adjusted net loss of $50.3 million a year ago. The Refining segment produced operating income of $56.3 million against an operating loss of $24.7 million a year earlier. Refining adjusted EBITDA was $69.2 million, supported by higher benchmark indices and improved execution across the footprint. The Hawaii Index averaged $31.11 per barrel compared with $8.13 per barrel a year ago, while Hawaii feedstocks throughput increased to 89.8 thousand barrels per day (Mbpd) from 79.4 Mbpd. Hawaii refined product sales volume was 90.4 Mbpd, higher than the 88.6 Mbpd recorded in the first quarter of 2025. The Hawaii refinery’s adjusted gross mar...

Par Petroleum (PARR) reported $1.82 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 4.5%. EPS of $0.78 for the same period compares to -$0.94 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.93 billion, representing a surprise of -5.75%. The company delivered an EPS surprise of -25.36%, with the consensus EPS estimate being $1.05. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Par Petroleum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Feedstocks Throughput - Total Refining: 184300 millions of barrels of oil versus the two-analyst average estimate of 181850 millions of barrels of oil. Feedstocks Throughput - Hawaii Refinery: 89.80 MMBBL/D versus 86.98 MMBBL/D estimated by two analysts on average. Feedstocks Throughput - Washington Refinery: 23.00 MMBBL/D versus 26.02 MMBBL/D estimated by two analysts on average. Adjusted Gross Margin per bbl - Washington Refinery: $8.17 versus the two-analyst average estimate of $8.65. Feedstocks Throughput - Montana Refinery: 56.90 MMBBL/D versus the two-analyst average estimate of 54.41 MMBBL/D. Adjusted Gross Margin per bbl - Hawaii Refinery: $13.10 compared to the $16.90 average estimate based on two analysts. Feedstocks Throughput - Wyoming Refinery: 14.60 MMBBL/D compared to the 14.45 MMBBL/D average estimate based on two analysts. Revenues- Refining: $1.77 billion versus $1.79 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change. Revenues- Retail: $133.11 million compared to the $154.45 million average estimate based on two analysts. The reported number represents a change of -2.4% year over year. Revenues- Logistics: $76.85 million versus $70.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change. View all Key Company Metrics for Par Petroleum...

Achieved a first-quarter system-wide throughput record, enabling inventory pre-builds ahead of planned maintenance and positioning the company for high-margin summer demand. Performance was impacted by the lag effect of rapidly rising crude and distillate prices in Hawaii, alongside seasonal off-peak conditions in the Rockies and planned downtime in Washington. In the two months following the first quarter, global refined product cracks reached all-time highs in Asia due to reduced Persian Gulf exports, aging refinery run-rate reductions, and protectionist trade policies. Management attributes the surge in Singapore 3-1-2 index levels to aggressive global inventory drawdowns and Asian refiners prioritizing crude supply duration over profit maximization. The Hawaii Renewables Unit successfully started up, achieving on-specification renewable diesel in late April with a transition to sustainable aviation fuel (SAF) validation underway. Retail segment performance reflected shifting consumer patterns due to rising flat prices and temporary closures caused by flooding events in Hawaii. Second-quarter throughput is projected at a midpoint of 182,000 barrels per day, accounting for planned maintenance across the Rockies and the start of the Hawaii turnaround. The Hawaii refinery turnaround is scheduled for late June, with the majority of the financial and operational impact expected to fall into the third quarter. Renewable fuel earnings contributions are expected to be modest in the second quarter during operational optimization, with a more meaningful ramp-up in the second half of 2026. Management anticipates a partial reversal of the $125 million Hawaii price lag headwind if Singapore pricing remains lower in June relative to March levels. Capital allocation will remain opportunistic, with share repurchases scaled based on the depth of the discount to intrinsic value and the company's excess capital position. A $125 million net price lag headwind in Hawaii was driven by contractual sales structured on prior-period pricing during a sharp March price rally. The company maintains an excess RIN position, having monetized less than half of the credits from prior small refinery exemptions, which serves as a future working capital source. GAAP results included a $30 million gain from the difference between current RIN market prices and the book value of assets, which i...

Image source: The Motley Fool. May 6, 2026 Interim Chief Executive Officer — Will Monteleone President — Richard Creamer Chief Financial Officer — Shawn Flores Need a quote from a Motley Fool analyst? Email [email protected] Will Monteleone: Thank you, Ashimi, and good morning, everyone. First quarter adjusted EBITDA was $91 million and adjusted net income was $0.78 per share. First quarter results compare favorably against historical first quarter performance despite the lag effect of rapidly rising crude and distillate prices in Hawaii, off-season conditions in Wyoming and Montana, and the planned Washington outage. Our facilities ran well across the system, setting a first quarter throughput record. This strong throughput allowed us to pre-build inventory ahead of planned maintenance outages. The Wyoming and Montana facilities have both completed their April outages on time and are prepared to run hard for the highly profitable summer months. Over the past two months, refined product cracks surged to all-time highs, particularly in Asia, due to the reduction of Persian Gulf-origin refined product exports, Asian refiners reducing run rates, and protectionist policies restricting free trade of waterborne refined products. As a result, the April Singapore 3-1-2 Index is materially above historical norms, averaging over $72 per barrel, compared with the 2025 average of $16 per barrel. These levels exceed prior highs observed during the early months of the Russia-Ukraine conflict. In addition, mainland seasonal cracks are also rallying to elevated levels. Our commercial position and supply chain flexibility allow us to capture a substantial portion of the strong market environment. In addition, we have no crack spread hedges in place, positioning us to capture improved market conditions. Looking forward, global refined product inventory buffers are drawing down aggressively, setting up for meaningful tightness over the summer months. We see many Asian refiners running at near-minimum throughput rates, attempting to preserve crude supply chain duration versus maximizing profits. Turning to the Retail segment, quarterly same-store fuel and in-store sales decreased by 3.3% and 1% compared to 2025. Fuel volume and in-store results reflect shifting consumer refueling patterns associated with the rising flat price environment and the impact of three state-level closures d...

HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended March 31, 2026. Net income attributable to Par Pacific stockholders of $54.5 million, or $1.10 per diluted share Adjusted Net Income attributable to Par Pacific stockholders of $38.5 million, or $0.78 per diluted share Adjusted EBITDA of $91.5 million Repurchased $28.0 million of common stock at an average price of $37.96 per share Record quarterly Hawaii refining throughput of 89.8 Mbpd Hawaii renewable fuels facility began commercial operations in April The Company reported Net income (loss) attributable to Par Pacific stockholders of $54.5 million, or $1.10 per diluted share, for the quarter ended March 31, 2026, compared to $(30.4) million, or $(0.57) per diluted share, for the same quarter in 2025. First quarter 2026 Adjusted Net income (loss) attributable to Par Pacific stockholders was $38.5 million, compared to $(50.3) million in the first quarter of 2025. First quarter 2026 Adjusted EBITDA was $91.5 million, compared to $10.1 million in the first quarter of 2025. A reconciliation of reported non-GAAP financial measures to their most directly comparable GAAP financial measures can be found in the tables accompanying this news release. “Our continued focus on reliability and commercial performance through market cycles enabled strong first quarter results,” said Will Monteleone, President and Chief Executive Officer. “During April, the Hawaii renewable fuels facility successfully achieved commercial operations, a major milestone for the project. Our outlook is strong and we are well positioned to capitalize on the elevated margin environment across our system.” Refining The Refining segment reported operating income of $56.3 million in the first quarter of 2026, compared to an operating loss of $(24.7) million in the first quarter of 2025. Adjusted Gross Margin for the Refining segment was $185.1 million in the first quarter of 2026, compared to $104.3 million in the first quarter of 2025. Refining segment Adjusted EBITDA was $69.2 million in the first quarter of 2026, compared to $(14.3) million in the first quarter of 2025. Refining segment throughput was 184 thousand barrels per day (Mbpd) for the first quarter of 2026, compared to 176 Mbpd for the first quarter of 2025. Hawaii...

Par Petroleum (PARR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to a loss of $0.94 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25.36%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.21 per share when it actually produced earnings of $1.17, delivering a surprise of -3.31%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Par Petroleum, which belongs to the Zacks Oil and Gas - Refining and Marketing industry, posted revenues of $1.82 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 5.75%. This compares to year-ago revenues of $1.75 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Par Petroleum shares have added about 91.7% since the beginning of the year versus the S&P 500's gain of 5.2%. While Par Petroleum has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Par Petroleum was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete li...

Par Pacific Holdings, Inc. PARR is set to report first-quarter 2026 results on May 5, after the closing bell. In the last reported quarter, the company reported earnings of $1.17 per share, which lagged the Zacks Consensus Estimate of $1.21. PARR’s earnings missed the Zacks Consensus Estimate in two of the trailing four quarters and beat in the other two, delivering an average surprise of 70.8%. This is depicted in the graph below: Par Pacific Holdings, Inc. price-eps-surprise | Par Pacific Holdings, Inc. Quote The Zacks Consensus Estimate for Par Pacific’s first-quarter earnings is pegged at $1.05 per share, implying an improvement of 211.7% from the year-ago reported number. The company has witnessed no estimate revision in the past seven days. The Zacks Consensus Estimate for revenues is currently pegged at $1.93 billion, suggesting a 10.9% rise from the year-ago figure. To understand how oil prices behaved in the March-end quarter, let’s analyze commodity price data provided by the U.S. Energy Information Administration (“EIA”). According to the EIA, January and February saw relatively low crude prices, with Cushing, OK, WTI spot price averaging $60.04 and $64.51 per barrel, respectively, marking significant declines from $75.74 and $71.53 per barrel in the same months of 2025. This lower crude pricing environment is likely to have supported stronger refining margins for PARR. Crude prices surged to $91.38 per barrel in March from $68.24 per barrel in the year-ago month, driven by the Middle East tensions. Due to this, the company may have faced margin compression later in the quarter, which is likely to have offset early gains. Our proven model does not conclusively predict an earnings beat for PARR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat, which is the case here. Earnings ESP: The refining player has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: The company currently sports a Zacks Rank #1. Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle. Shell plc SHEL currently has an Earnings ESP of +3.56% and a Zacks Rank #1. You can see the complete list of toda...

Par Petroleum (PARR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on May 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This independent oil and gas company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +185.1%. Revenues are expected to be $1.93 billion, up 10.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 111.14% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the...

HOUSTON, April 13, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its first quarter 2026 results after the New York Stock Exchange closes on Tuesday, May 5, 2026. This release will be followed by a conference call for investors on Wednesday, May 6, 2026, at 9:00 a.m. Central Time (10:00 a.m. Eastern). The full text of the release will be available on Par Pacific’s website at http://www.parpacific.com. Par Pacific First Quarter 2026 Earnings Conference Call Wednesday, May 6, 2026 9:00 a.m. Central time (10:00 a.m. Eastern) Dial-in number: 1-833-974-2377 (toll-free) or 1-412-317-5782 (toll) Individuals who would like to participate should dial the applicable dial-in number at least 10 minutes before the scheduled conference call time. To access the live audio webcast and related presentation materials, please visit the Investors section of Par Pacific's website at http://www.parpacific.com. A replay will be available shortly after the call and can be accessed by dialing 1-855-669-9658 (toll-free) or 1-412-317-0088 (toll). The passcode for the replay is 8270791. The replay will be available until May 20, 2026. About Par Pacific Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. Par Pacific owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage, and marine, rail, rack, and pipeline assets. In addition, Par Pacific operates the Hele retail brand in Hawaii and the “nomnom” convenience store chain in the Pacific Northwest. Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado. More information is available at www.parpacific.com. Investor Contact: Ashimi Patel VP, Investor Relations & Sustainability (832) 916-3355 [email protected]

For the quarter ended December 2025, Par Petroleum (PARR) reported revenue of $1.81 billion, down 1% over the same period last year. EPS came in at $1.17, compared to -$0.79 in the year-ago quarter. The reported revenue represents a surprise of +5.9% over the Zacks Consensus Estimate of $1.71 billion. With the consensus EPS estimate being $1.21, the EPS surprise was -2.91%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Par Petroleum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total Refining - Feedstocks Throughput: 190900 millions of barrels of oil versus the three-analyst average estimate of 189129.2 millions of barrels of oil. Hawaii Refinery - Feedstocks Throughput: 87.10 MMBBL/D compared to the 85.96 MMBBL/D average estimate based on three analysts. Washington Refinery - Feedstocks Throughput: 37.00 MMBBL/D versus 36.08 MMBBL/D estimated by three analysts on average. Wyoming Refinery - Feedstocks Throughput: 14.40 MMBBL/D compared to the 15.53 MMBBL/D average estimate based on three analysts. Montana Refinery - Feedstocks Throughput: 52.40 MMBBL/D compared to the 51.55 MMBBL/D average estimate based on three analysts. Adjusted Gross Margin per bbl - Washington Refinery: $8.32 versus $6.39 estimated by two analysts on average. Production costs per bbl ($/throughput bbl) - Wyoming Refinery: $13.27 versus the two-analyst average estimate of $10.25. Production costs per bbl ($/throughput bbl) - Washington Refinery: $4.57 compared to the $4.08 average estimate based on two analysts. Production costs per bbl ($/throughput bbl) - Hawaii Refinery: $4.15 versus the two-analyst average estimate of $4.70. Revenues- Refining: $1.75 billion versus the two-analyst average estimate of $1.57 billion. The reported number represents a year-over-year change of -1.2%. Revenues- Retail: $142.28 million compared to the $145.87 million...