Par Pacific Holdings, Inc. (PARR) AI Stock Analysis

Par Pacific Holdings, Inc. is a diversified energy and infrastructure company operating across three segments: Refining, Retail, and Logistics. The Refining segment operates three refineries producing refined products such as ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, and asphalt for markets in Hawaii, the Pacific Northwest, Wyoming, and South Dakota. In the Retail segment, the company operates a network of 119 fuel retail outlets under brands including Hele, 76, nomnom, Cenex, and Zip Trip, providing fuel, soft drinks, and prepared foods. The Logistics segment manages terminals, pipelines, marine vessels, and trucking operations, distributing refined products across the Hawaiian islands, Wyoming, and South Dakota, while serving military installations such as Ellsworth Air Force Base and Joint Base Lewis McChord.

Between FY2020 and FY2025, revenue increased at a 5-year compound annual growth rate of 19.0%. Annual revenue climbed from $4.71B in FY2021 to a peak of $8.23B in FY2023, before falling 3.1% to $7.97B in FY2024 and declining 6.4% to $7.46B in FY2025. Net income recovered from -$33.3M in FY2024 to $369.4M in FY2025, with gross margin rising to 18.1% and operating margin reaching 7.2%. For the trailing twelve months ended June 30, 2026, revenue totaled $8.62B with diluted earnings per share of $17.13 and an operating margin of 21.1%. In the quarter ended June 30, 2026, quarterly revenue increased 56.8% year-over-year while quarterly earnings grew 699.1%.

As of June 30, 2026, Par Pacific held $164.1M in cash and short-term investments against total debt of $1.21B, resulting in net debt of $1.05B. Total assets stood at $3.83B and shareholders' equity was $1.51B, yielding a debt-to-equity ratio of 0.80 and a current ratio of 1.61. Operating cash flow in FY2025 reached $445.3M, yielding free cash flow of $296.5M. Capital expenditures totaled $148.9M and share buybacks amounted to $124.8M in FY2025, contributing to a 17.4% reduction in the share count over 5 years.

At the closing price of $83.42 on October 16, 2026, Par Pacific had a market capitalization of $4.18B and an enterprise value of $4.80B. The stock trades at a trailing price-to-earnings ratio of 4.9x and an enterprise value-to-EBITDA ratio of 3.6x, compared to medians of 15.0x and 8.0x for its US-listed Energy peers. Its forward price-to-earnings ratio of 10.5x also trades below the peer group median of 12.7x. Over the past year, the stock returned 145.0%, outperforming the S&P 500 return of 16.8%, and its 5-year return of 416.2% exceeded the index return of 83.0%.

Wall Street coverage consists of 2 Strong Buy, 2 Buy, and 3 Hold ratings, with 0 Sell and 0 Strong Sell ratings. The mean price target of $93.29 sits 11.8% above the October 16, 2026 closing price of $83.42. Consensus estimates for the fiscal year ending December 31, 2026, project revenue of $9.37B and earnings per share of $24.24, representing 220.6% earnings growth. Par Pacific has beaten earnings estimates in 2 of the last 4 quarters, and its next earnings release is scheduled for November 3, 2026.

This page is an AI-written research summary of Par Pacific Holdings, Inc. (PARR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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