Par Pacific Holdings (PARR) AI Stock Analysis

• Market Cap: $1.05B
• Dividend Yield: N/A
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 3.0
• Beta (1Y): 0.74
• Revenue Growth: -9.25%
• EPS Growth: -113.66%
• Country: US
• Employees: 1,787
• Sector: Energy
• Sector Strength: 42
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -0.94
• Shares Outstanding: 51,578,860
• 10 Day Avg. Volume: 1,650,357
• 30 Day Avg. Volume: 1,465,801
• PEG Ratio: 0.27
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 68.98
• Enterprise Value/Market Cap: 2.24
• Enterprise Value/Revenue: 0.07
• Enterprise Value/Gross Profit: 5.06
• Enterprise Value/Ebitda: 1.43
• 1Y Price Target: $20.96
• Price Target Upside: 3.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

Par Pacific Holdings' stock score reflects its strong balance sheet and technical momentum, offset by profitability issues and valuation concerns. The earnings call and corporate events provide some optimism, but financial and operational challenges persist, necessitating improvements to enhance stock attractiveness.

Positive Factors

Earnings Outlook

Industry outages in the West Coast have supported margins and set up PARR for a better earnings outlook.

Portfolio Strength

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 Decline

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

Financial Performance

Weaker refining margin environment and lower seasonal volumes contribute to sub-par financial performance.

Operational Issues

The 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 its three main business segments: Refining, Retail, and Logistics. In the Refining segment, the company processes crude oil into various refined products such as gasoline, diesel, and jet fuel, which are sold to wholesale and commercial customers. The Retail segment operates a network of gas stations and convenience stores, selling fuel and convenience products directly to consumers. The Logistics segment supports these operations by managing pipelines, terminals, and storage facilities, enabling efficient transportation and distribution of oil and fuel products. Key revenue streams include the sale of refined products, retail fuel sales, and logistics services. Strategic partnerships with suppliers and customers, as well as the company's ability to adapt to market conditions, significantly contribute to its earnings.

Par Pacific Holdings Financial Statement Overview

Summary

Par Pacific Holdings faces financial challenges with negative earnings and declining margins. While the balance sheet is robust with no debt and positive cash flows, recent profitability and revenue growth declines are concerning.

Income Statement

The income statement shows volatility with a negative net income in the TTM period, contrasting with a profitable 2023. Gross profit margin has decreased significantly to 6.3% in TTM from 15.5% in 2023, indicating margin pressure. Revenue growth has been inconsistent, with a drop in TTM compared to 2023. Net profit margin turned negative at -0.4% in TTM, down from 8.9% in 2023, highlighting profitability challenges.

Balance Sheet

The balance sheet indicates strong equity at $1.19 billion with no debt in TTM, improving the debt-to-equity ratio to 0. The equity ratio stands robust at 100% due to a significantly negative liability value, which may require further investigation. ROE dropped substantially in TTM due to negative net income, showing a decline from 54.6% in 2023.

Cash Flow

Cash flow analysis shows positive free cash flow in TTM at $77.2 million, albeit reduced from 2023. Operating cash flow is positive but has decreased, indicating reduced cash generation capability compared to 2023. The free cash flow to net income ratio is high due to negative net income, reflecting cash flow strength despite earnings pressure.

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
	EBIT
47.63M	680.01M	437.90M	-7.62M	-318.00M
	EBITDA
176.16M	805.59M	542.22M	80.56M	-271.81M
	Net Income Common Stockholders
-33.32M	728.64M	364.19M	-81.30M	-409.09M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
191.92M	279.11M	490.93M	112.22M	68.31M
	Total Assets
3.83B	3.86B	3.28B	2.57B	2.13B
	Total Debt
1.57B	1.02B	870.63M	960.98M	1.08B
	Net Debt
1.38B	739.54M	379.70M	848.76M	1.01B
	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: 20.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• 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 20.2 is above the 20-day moving average (MA) of 16.78, above the 50-day MA of 14.98, and above the 200-day MA of 17.11, indicating a bullish trend. The MACD of 1.69 indicates Negative momentum. The RSI at 78.95 is Negative, neither overbought nor oversold. The STOCH value of 92.24 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	74 Outperform	$8.71B	10.14	26.11%	6.16%	-3.59%	22.77%
PARR	63 Neutral	$1.05B	3.02	-4.95%	―	-9.25%	-113.66%
Sector *	57 Neutral	$7.13B	3.45	-3.67%	5.68%	0.46%	-50.35%
PBF	55 Neutral	$2.52B	―	-18.01%	4.81%	-16.30%	-160.78%
CAPL	54 Neutral	$872.05M	29.28	666.62%	9.17%	-6.57%	-50.55%
DK	51 Neutral	$1.13B	―	-151.69%	5.45%	-29.23%	-931.43%
CVI	46 Neutral	$2.41B	268.82	-27.14%	8.34%	-16.21%	-130.18%

Par Pacific Holdings Corporate Events

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.

Spark’s Take on PARR Stock

According to Spark, TipRanks’ AI Analyst, PARR is a Neutral.

Par Pacific Holdings presents a mixed picture: strong operational performance in logistics and retail, and a solid balance sheet with no debt, countered by profitability challenges and a negative P/E ratio. The company’s strategic initiatives and share repurchase are positives, but incidents like Wyoming’s operational setback and financial losses weigh on the stock’s prospects.

To see Spark’s full report on PARR stock, click here.