Zacks Investment Research·1d ago
Can Par Pacific's Heavy Crude Exposure Improve Refining Economics?PARR's access to discounted Canadian heavy crude and an integrated logistics network supports lower feedstock costs and stronger refining margins.
PARR's recent earnings surge, with Q2 2026 operating margin reaching 21.4% and EPS of $9.35, appears driven by a transitory refining margin window rather than durable volume expansion, and Q3 2026 margins compressed to 15.5% suggest this peak may already be fading.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $10.70+60.9% vs $6.65 | $3.1B+39.5% vs $2.2B |
Q3 2026 Aug 4, 2026 | $10.10+22.9% vs $8.22 | $3.0B+23.7% vs $2.4B |
Q2 2026 May 5, 2026 | $0.78-21.6% vs $0.99 | $1.8B+2.2% vs $1.8B |
Q1 2026 Feb 24, 2026 | $1.17-3.3% vs $1.21 | $1.8B+8.1% vs $1.7B |
PARR's access to discounted Canadian heavy crude and an integrated logistics network supports lower feedstock costs and stronger refining margins.
Par Pacific's Q3 earnings surge on strong refining margins and operational gains, while higher throughput, renewable diesel growth and liquidity bolster its outlook.
Par Pacific Holdings, Inc. ( PARR ) Q3 2026 Earnings Call November 4, 2026 10:00 AM EST Company Participants Ashimi Patel - Vice President of Investor Relations & Sustainability William Monteleone - President, CEO & Director Richard Creamer - Senior Advisor Shawn Flores - Senior VP & CFO Conference Call Participants Matthew Blair - TPH Research John Royall - Piper Sandler & Co., Research Division Jason Gabelman - TD Cowen, Research Division Josiah Knight - Goldman Sachs Group, Inc., Research Division Presentation Operator Good day, and welcome to the Par Pacific Third Quarter 2026 Earnings Conference Call. [Operator Instructions] This event is being recorded.
The headline numbers for Par Petroleum (PARR) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Benchmark PARR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Par Pacific Holdings, Inc. (PARR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $68.06 | $3.41B | 3.57 | -6.39% | 9.81% | 53.95% | — | |
| $51.77 | $2.75B | 18.48 | 7.73% | 11.9% | 1108.4% | 8.59% | |
| $63.95 | $3.92B | 3.37 | -9.53% | 8.7% | 148.74% | 1.6% | |
| $39.64 | $3.45B | -18.00 | -1.25% | -3.73% | — | — | |
| $39.38 | $1.3B | 10.81 | 1.24% | 17.61% | 16.9% | — | |
| $346.45 | $102.87B | 7.63 | -5.54% | 8.81% | 45.87% | 1.31% |
Par Pacific Holdings, Inc. (PARR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Par Pacific Holdings, Inc. (PARR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 4, 2026·SEC
Aug 5, 2026·SEC
May 14, 2026·SEC
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Par Pacific Holdings, Inc. (PARR) stock FAQ — growth, dividends, profitability & financials explained
Par Pacific Holdings, Inc. (PARR) reported $9.66B in revenue over the trailing twelve months. Revenue was $7.46B in fiscal year 2025. That is 533089% more than the $1.4M of fiscal year 1994.
Par Pacific Holdings, Inc. (PARR) grew revenue by 29.1% over the trailing twelve months, compared with the twelve months before.
Yes. Par Pacific Holdings, Inc. (PARR) earned $947.6M in net income over the trailing twelve months (a 9.8% net margin).
Par Pacific Holdings, Inc. (PARR) had a return on equity (ROE) of 54.0% over the trailing twelve months. That is well above the market's typical 10-15%.
Par Pacific Holdings, Inc. (PARR) generated $1.13B in free cash flow over the trailing twelve months.
