Par Pacific Holdings, Inc. (PARR) 10-Year Financial Performance & Capital Metrics

PARR • • Industrial / General

EnergyOil Refining & MarketingTraditional Petroleum Refining & MarketingIntegrated Refiners & Marketers

AboutPar 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.Show more

Revenue $7.97B -3.1%
EBITDA $179M -77.6%
Net Income -$33M -104.6%
EPS (Diluted) -0.59 -104.9%
Gross Margin 9.3% -39.9%
EBITDA Margin 2.25% -76.9%
Operating Margin 0.6% -92.8%
Net Margin -0.42% -104.7%
ROE -2.64% -103.6%
ROIC 1.54% -95.3%
Debt/Equity 1.32 +72.4%
Interest Coverage 0.58 -93.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 50.3%
✓Share count reduced 6.9% through buybacks
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y9.88%

5Y8.1%

3Y19.19%

TTM-10.11%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-24.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM-7.95%

ROCE

10Y Avg8.91%

5Y Avg9.49%

3Y Avg23.28%

Latest1.88%

Peer Comparison

Integrated Refiners & Marketers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DINOHF Sinclair Corporation	9.16B	49.82	54.75	-10.59%	1.46%	4.14%	6.98%	0.33
PSXPhillips 66	56.41B	140.01	28.06	-2.81%	1.14%	5.36%	4.13%	0.70
VLOValero Energy Corporation	56.3B	184.58	21.51	-10.28%	0.62%	2.84%	10.26%	0.42
MPCMarathon Petroleum Corporation	53.38B	177.59	17.60	-6.41%	1.13%	6.35%	11.49%	1.17
CSANCosan S.A.	3.75B	3.79	-0.18	11.36%	-31.04%	-41.23%	100%	1.85
DKDelek US Holdings, Inc.	1.74B	29.01	-3.31	-29.94%	-4.83%	-115.76%		4.98
PARRPar Pacific Holdings, Inc.	1.94B	38.64	-65.49	-3.13%	3.15%	16.9%		1.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.07B	1.87B	2.44B	3.41B	5.4B	3.12B	4.71B	7.32B	8.23B	7.97B
Revenue Growth %	-0.34%	-0.1%	0.31%	0.4%	0.58%	-0.42%	0.51%	0.55%	0.12%	-0.03%
Cost of Goods Sold+	1.81B	1.67B	2.1B	3.06B	4.89B	3.04B	4.43B	6.48B	6.96B	7.23B
COGS % of Revenue	0.87%	0.89%	0.86%	0.9%	0.91%	0.97%	0.94%	0.88%	0.85%	0.91%
Gross Profit+	259.05M	197.09M	342.45M	354.97M	511.81M	87.14M	277.37M	846M	1.27B	741.72M
Gross Margin %	0.13%	0.11%	0.14%	0.1%	0.09%	0.03%	0.06%	0.12%	0.15%	0.09%
Gross Profit Growth %	0.66%	-0.24%	0.74%	0.04%	0.44%	-0.83%	2.18%	2.05%	0.51%	-0.42%
Operating Expenses+	217.46M	248.35M	202.02M	215.28M	363.83M	405.13M	284.99M	408.1M	594.01M	694.09M
OpEx % of Revenue	0.11%	0.13%	0.08%	0.06%	0.07%	0.13%	0.06%	0.06%	0.07%	0.09%
Selling, General & Admin	44.27M	42.07M	46.08M	47.43M	46.22M	41.29M	48.1M	62.4M	91.45M	108.84M
SG&A % of Revenue	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	0	0	0	9.59M	9M	11.4M	0
R&D % of Revenue	-	-	-	-	-	-	0%	0%	0%	-
Other Operating Expenses	153.27M	174.66M	202.41M	225.6M	317.6M	363.85M	227.31M	336.7M	491.17M	585.25M
Operating Income+	61.51M	-19.65M	93.96M	81.94M	147.98M	-318M	-7.62M	437.9M	680.01M	47.63M
Operating Margin %	0.03%	-0.01%	0.04%	0.02%	0.03%	-0.1%	-0%	0.06%	0.08%	0.01%
Operating Income Growth %	2.64%	-1.32%	5.78%	-0.13%	0.81%	-3.15%	0.98%	58.48%	0.55%	-0.93%
EBITDA+	81.43M	11.97M	139.95M	134.58M	234.1M	-227.96M	86.62M	537.67M	799.84M	179.22M
EBITDA Margin %	0.04%	0.01%	0.06%	0.04%	0.04%	-0.07%	0.02%	0.07%	0.1%	0.02%
EBITDA Growth %	4.6%	-0.85%	10.69%	-0.04%	0.74%	-1.97%	1.38%	5.21%	0.49%	-0.78%
D&A (Non-Cash Add-back)	19.92M	31.62M	45.99M	52.64M	86.12M	90.04M	94.24M	99.77M	119.83M	131.59M
EBIT	-36.54M	-25.24M	102.93M	79.53M	45.96M	-359.58M	-13.78M	433.19M	685.76M	43.77M
Net Interest Income+	-20.16M	-28.51M	-31.63M	-39.77M	-74.84M	-70.22M	-66.49M	-68.29M	-72.45M	-82.79M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	20.16M	28.51M	31.63M	39.77M	74.84M	70.22M	66.49M	68.29M	72.45M	82.79M
Other Income/Expense	-118.21M	-34.1M	-22.66M	-42.18M	-176.86M	-111.81M	-72.66M	-73M	-66.7M	-86.65M
Pretax Income+	-56.7M	-53.75M	71.3M	39.76M	-28.88M	-429.81M	-80.28M	364.9M	613.31M	-39.02M
Pretax Margin %	-0.03%	-0.03%	0.03%	0.01%	-0.01%	-0.14%	-0.02%	0.05%	0.07%	-0%
Income Tax+	-16.79M	-7.91M	-1.32M	333K	-69.69M	-20.72M	1.02M	710K	-115.34M	-5.7M
Effective Tax Rate %	0.7%	0.85%	1.02%	0.99%	-1.41%	0.95%	1.01%	1%	1.19%	0.85%
Net Income+	-39.91M	-45.84M	72.62M	39.43M	40.81M	-409.09M	-81.3M	364.19M	728.64M	-33.32M
Net Margin %	-0.02%	-0.02%	0.03%	0.01%	0.01%	-0.13%	-0.02%	0.05%	0.09%	-0%
Net Income Growth %	0.15%	-0.15%	2.58%	-0.46%	0.04%	-11.02%	0.8%	5.48%	1%	-1.05%
Net Income (Continuing)	-39.91M	-45.84M	72.62M	39.43M	40.81M	-409.09M	-81.3M	364.19M	728.64M	-33.32M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.05	-1.08	1.57	0.86	0.80	-7.68	-1.40	6.08	11.94	-0.59
EPS Growth %	0.27%	-0.03%	2.45%	-0.45%	-0.07%	-10.6%	0.82%	5.34%	0.96%	-1.05%
EPS (Basic)	-1.05	-1.08	1.58	0.86	0.80	-7.68	-1.40	6.12	12.14	-0.59
Diluted Shares Outstanding	38.02M	42.35M	45.58M	45.76M	55.59M	53.3M	58.27M	59.88M	61.01M	56.77M
Basic Shares Outstanding	38.02M	42.35M	45.54M	45.73M	50.35M	53.3M	58.27M	59.54M	60.03M	56.77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	531.75M	403.11M	603.54M	586.59M	1.03B	636.47M	1.13B	1.88B	1.99B	1.77B
Cash & Short-Term Investments	167.79M	47.77M	118.33M	75.08M	126.02M	68.31M	112.22M	490.93M	279.11M	191.92M
Cash Only	167.79M	47.77M	118.33M	75.08M	126.02M	68.31M	112.22M	490.93M	279.11M	191.92M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	68.34M	102.38M	121.83M	160.34M	228.72M	111.66M	195.11M	252.88M	367.25M	398.13M
Days Sales Outstanding	12.07	20.04	18.2	17.16	15.46	13.04	15.12	12.61	16.28	18.22
Inventory	219.44M	198.33M	345.36M	322.06M	615.87M	429.86M	790.32M	1.04B	1.23B	1.09B
Days Inventory Outstanding	44.32	43.4	60.01	38.47	45.97	51.65	65.08	58.73	64.31	54.97
Other Current Assets	33.16M	8.82M	10.48M	21.39M	48.03M	11.72M	18.41M	50.41M	76.22M	73.16M
Total Non-Current Assets+	360.51M	742.33M	743.86M	874.14M	1.67B	1.5B	1.44B	1.4B	1.87B	2.06B
Property, Plant & Equipment	195.14M	451.26M	450.02M	538.26M	1.38B	1.29B	1.24B	1.19B	1.45B	1.58B
Fixed Asset Turnover	10.59x	4.13x	5.43x	6.34x	3.91x	2.42x	3.80x	6.17x	5.69x	5.03x
Goodwill	41.33M	105.73M	107.19M	153.4M	195.92M	128M	127.26M	129.32M	129.28M	129.28M
Intangible Assets	34.37M	29.91M	26.6M	23.95M	21.55M	18.89M	16.23M	13.58M	10.92M	9.52M
Long-Term Investments	76.2M	108.82M	127.19M	136.66M	46.91M	9.5M	0	0	101.77M	98.81M
Other Non-Current Assets	13.47M	46.6M	32.86M	21.88M	22M	60.57M	56.26M	69.31M	186.66M	235.09M
Total Assets+	892.26M	1.15B	1.35B	1.46B	2.7B	2.13B	2.57B	3.28B	3.86B	3.83B
Asset Turnover	2.32x	1.63x	1.81x	2.33x	2.00x	1.46x	1.83x	2.23x	2.13x	2.08x
Asset Growth %	0.21%	0.28%	0.18%	0.08%	0.85%	-0.21%	0.2%	0.28%	0.18%	-0.01%
Total Current Liabilities+	365.04M	382.76M	470.95M	507.2M	1.03B	878.68M	1.36B	1.79B	1.52B	1.1B
Accounts Payable	27.43M	65.19M	52.54M	54.79M	162.4M	106.94M	154.54M	151.4M	391.32M	436.8M
Days Payables Outstanding	5.54	14.27	9.13	6.54	12.12	12.85	12.73	8.53	20.53	22.04
Short-Term Debt	11M	20.29M	0	33K	12.3M	59.93M	10.84M	10.96M	4.25M	4.88M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Current Liabilities	267.12M	0	17.69M	373.88M	678.94M	570.09M	1.05B	1.45B	908.99M	216M
Current Ratio	1.46x	1.05x	1.28x	1.16x	1.00x	0.72x	0.83x	1.05x	1.30x	1.62x
Quick Ratio	0.86x	0.54x	0.55x	0.52x	0.40x	0.24x	0.25x	0.47x	0.50x	0.62x
Cash Conversion Cycle	50.85	49.17	69.08	49.08	49.31	51.84	67.47	62.8	60.07	51.15
Total Non-Current Liabilities+	186.61M	393.76M	428.74M	441.2M	1.02B	1.01B	948.76M	842.02M	1B	1.54B
Long-Term Debt	154.21M	350.11M	384.81M	392.61M	599.63M	648.66M	553.72M	494.58M	646.6M	1.11B
Capital Lease Obligations	1.18M	1.78M	1.22M	6.12M	347.14M	312.28M	342.79M	299.01M	294.95M	373.78M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	31.22M	41.87M	42.7M	42.47M	71.23M	47.97M	52.26M	48.43M	62.37M	59.94M
Total Liabilities	551.65M	776.52M	899.69M	948.4M	2.05B	1.89B	2.3B	2.64B	2.53B	2.64B
Total Debt+	166.39M	597.31M	386.03M	398.76M	1.04B	1.08B	960.98M	870.63M	1.02B	1.57B
Net Debt	-1.4M	324.4M	267.7M	323.69M	913.05M	1.01B	848.76M	379.7M	739.54M	1.38B
Debt / Equity	0.49x	1.62x	0.86x	0.78x	1.60x	4.38x	3.62x	1.35x	0.76x	1.32x
Debt / EBITDA	2.04x	49.91x	2.76x	2.96x	4.44x	-	11.09x	1.62x	1.27x	8.74x
Net Debt / EBITDA	-0.02x	27.11x	1.91x	2.41x	3.90x	-	9.80x	0.71x	0.92x	7.67x
Interest Coverage	3.05x	-0.69x	2.97x	2.06x	1.98x	-4.53x	-0.11x	6.41x	9.39x	0.58x
Total Equity+	340.61M	368.91M	447.72M	512.33M	648.24M	246.27M	265.7M	644.54M	1.34B	1.19B
Equity Growth %	0.17%	0.08%	0.21%	0.14%	0.27%	-0.62%	0.08%	1.43%	1.07%	-0.11%
Book Value per Share	8.96	8.71	9.82	11.20	11.66	4.62	4.56	10.76	21.89	20.98
Total Shareholders' Equity	340.61M	368.91M	447.72M	512.33M	648.24M	246.27M	265.7M	644.54M	1.34B	1.19B
Common Stock	410K	455K	458K	470K	533K	540K	602K	604K	597K	552K
Retained Earnings	-174.96M	-220.8M	-148.18M	-108.75M	-67.94M	-477.03M	-559.12M	-200.69M	465.86M	295.85M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	2.2M	2.14M	2.67M	582K	-3.74M	2.5M	8.13M	8.17M	10.36M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	132.36M	-23.39M	106.48M	90.62M	105.63M	-37.21M	-27.62M	452.61M	579.16M	83.78M
Operating CF Margin %	0.06%	-0.01%	0.04%	0.03%	0.02%	-0.01%	-0.01%	0.06%	0.07%	0.01%
Operating CF Growth %	3.42%	-1.18%	5.55%	-0.15%	0.17%	-1.35%	0.26%	17.39%	0.28%	-0.86%
Net Income	-39.91M	-45.84M	72.62M	39.43M	40.81M	-409.09M	-81.3M	364.19M	728.64M	-33.32M
Depreciation & Amortization	19.92M	31.62M	45.99M	47.72M	86.12M	90.04M	94.24M	99.77M	119.83M	131.59M
Stock-Based Compensation	5.17M	6.63M	7.2M	6.2M	6.44M	7.34M	8.16M	9.35M	11.63M	25.7M
Deferred Taxes	-16.49M	-7.93M	-1.32M	661K	-66.89M	-20.89M	-260K	274K	-126.27M	-2.56M
Other Non-Cash Items	130.37M	0	44.21M	10.88M	109.45M	92.85M	-70.03M	-11.36M	-64.27M	-19.56M
Working Capital Changes	64.66M	7.54M	-16.23M	-14.27M	-70.3M	202.54M	21.56M	-9.62M	-90.41M	-18.08M
Change in Receivables	54.53M	-17.16M	-19.1M	-35.79M	-36.65M	117.8M	-83.95M	-57.39M	-112.42M	-26.04M
Change in Inventory	31.91M	49.02M	-146.53M	28.09M	-191.69M	171.88M	-350.65M	-254.44M	180.24M	62.85M
Change in Payables	0	0	0	0	68.97M	-154.33M	209.56M	39.32M	15.43M	-57.33M
Cash from Investing+	-114.2M	-286.24M	-31.67M	-175.82M	-353.23M	-63.46M	74.63M	-87.31M	-659.04M	-133.99M
Capital Expenditures	-22.34M	-24.83M	-31.71M	-48.44M	-83.92M	-63.52M	-29.53M	-53.02M	-82.28M	-135.54M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	35K	-53.05M	4.09M	58K	104.16M	1.26M	18.66M	1.55M
Cash from Financing+	60.42M	190.12M	-4.75M	41.94M	300.21M	42.56M	-1.09M	13.41M	-135.6M	-36.96M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-13.08M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.42M	-19.47M	-15.49M	-4.63M	30.64M	-47.18M	56.4M	83.23M	-212.92M	-541.58M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	110.01M	-48.23M	74.78M	42.18M	21.71M	-100.74M	-57.16M	399.58M	496.88M	-51.76M
FCF Margin %	0.05%	-0.03%	0.03%	0.01%	0%	-0.03%	-0.01%	0.05%	0.06%	-0.01%
FCF Growth %	2.6%	-1.44%	2.55%	-0.44%	-0.49%	-5.64%	0.43%	7.99%	0.24%	-1.1%
FCF per Share	2.89	-1.14	1.64	0.92	0.39	-1.89	-0.98	6.67	8.14	-0.91
FCF Conversion (FCF/Net Income)	-3.32x	0.51x	1.47x	2.30x	2.59x	0.09x	0.34x	1.24x	0.79x	-2.51x
Interest Paid	6.89M	0	23.87M	28.19M	58.25M	54.26M	65.22M	0	0	0
Taxes Paid	402K	0	1.48M	49K	136K	190K	795K	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.61%	-12.92%	17.79%	8.21%	7.03%	-91.47%	-31.76%	80.02%	73.6%	-2.64%
Return on Invested Capital (ROIC)	13.68%	-2.34%	8.63%	7.92%	9.26%	-16.93%	-0.48%	30.71%	32.91%	1.54%
Gross Margin	12.54%	10.57%	14.02%	10.41%	9.48%	2.79%	5.89%	11.55%	15.48%	9.3%
Net Margin	-1.93%	-2.46%	2.97%	1.16%	0.76%	-13.09%	-1.73%	4.97%	8.85%	-0.42%
Debt / Equity	0.49x	1.62x	0.86x	0.78x	1.60x	4.38x	3.62x	1.35x	0.76x	1.32x
Interest Coverage	3.05x	-0.69x	2.97x	2.06x	1.98x	-4.53x	-0.11x	6.41x	9.39x	0.58x
FCF Conversion	-3.32x	0.51x	1.47x	2.30x	2.59x	0.09x	0.34x	1.24x	0.79x	-2.51x
Revenue Growth	-33.52%	-9.74%	30.99%	39.61%	58.37%	-42.15%	50.73%	55.45%	12.43%	-3.13%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Refining	-	1.7B	2.32B	-	-	2.89B	4.47B	7.05B	-	7.73B
Refining Growth	-	-	36.25%	-	-	-	54.89%	57.59%	-	-
Retail	283.51M	290.4M	326.08M	-	-	363.71M	456.42M	570.21M	592.48M	584.76M
Retail Growth	-	2.43%	12.28%	-	-	-	25.49%	24.93%	3.91%	-1.30%
Logistics	82.67M	102.78M	121.47M	-	-	180.91M	184.73M	198.82M	260.78M	299.53M
Logistics Growth	-	24.32%	18.19%	-	-	-	2.11%	7.63%	31.16%	14.86%
Refining	-	-	-	-	-	-	-	-	7.97B	-
Refining Growth	-	-	-	-	-	-	-	-	-	-
Oil and Gas	-	-	-	-	89.07M	-	-	-	-	-
Oil and Gas Growth	-	-	-	-	-	-	-	-	-	-
Oil And Gas	-	-	-	93.49M	-	-	-	-	-	-
Oil And Gas Growth	-	-	-	-	-	-	-	-	-	-
Texadian	-	41.06M	-	-	-	-	-	-	-	-
Texadian Growth	-	-	-	-	-	-	-	-	-	-
Refining and Distribution	1.9B	-	-	-	-	-	-	-	-	-
Refining and Distribution Growth	-	-	-	-	-	-	-	-	-	-
Commodity Marketing And Logistics	132.47M	-	-	-	-	-	-	-	-	-
Commodity Marketing And Logistics Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Par Pacific Holdings, Inc. (PARR) reported $7.48B in revenue for fiscal year 2024. This represents a 12169% increase from $61.0M in 2010.

Par Pacific Holdings, Inc. (PARR) saw revenue decline by 3.1% over the past year.

Yes, Par Pacific Holdings, Inc. (PARR) is profitable, generating $236.0M in net income for fiscal year 2024 (-0.4% net margin).

Dividend & Returns

Yes, Par Pacific Holdings, Inc. (PARR) pays a dividend with a yield of 0.60%. This makes it attractive for income-focused investors.

Par Pacific Holdings, Inc. (PARR) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Par Pacific Holdings, Inc. (PARR) generated $87.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Par Pacific Holdings, Inc. (PARR) 10-Year Financial Performance & Capital Metrics

PARR • • Industrial / General

EnergyOil Refining & MarketingTraditional Petroleum Refining & MarketingIntegrated Refiners & Marketers

Revenue $7.97B -3.1%
EBITDA $179M -77.6%
Net Income -$33M -104.6%
EPS (Diluted) -0.59 -104.9%
Gross Margin 9.3% -39.9%
EBITDA Margin 2.25% -76.9%
Operating Margin 0.6% -92.8%
Net Margin -0.42% -104.7%
ROE -2.64% -103.6%
ROIC 1.54% -95.3%
Debt/Equity 1.32 +72.4%
Interest Coverage 0.58 -93.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 50.3%
✓Share count reduced 6.9% through buybacks
✓Efficient asset utilization: 2.1x turnover

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y9.88%

5Y8.1%

3Y19.19%

TTM-10.11%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-24.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM-7.95%

ROCE

10Y Avg8.91%

5Y Avg9.49%

3Y Avg23.28%

Latest1.88%

Peer Comparison

Integrated Refiners & Marketers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DINOHF Sinclair Corporation	9.16B	49.82	54.75	-10.59%	1.46%	4.14%	6.98%	0.33
PSXPhillips 66	56.41B	140.01	28.06	-2.81%	1.14%	5.36%	4.13%	0.70
VLOValero Energy Corporation	56.3B	184.58	21.51	-10.28%	0.62%	2.84%	10.26%	0.42
MPCMarathon Petroleum Corporation	53.38B	177.59	17.60	-6.41%	1.13%	6.35%	11.49%	1.17
CSANCosan S.A.	3.75B	3.79	-0.18	11.36%	-31.04%	-41.23%	100%	1.85
DKDelek US Holdings, Inc.	1.74B	29.01	-3.31	-29.94%	-4.83%	-115.76%		4.98
PARRPar Pacific Holdings, Inc.	1.94B	38.64	-65.49	-3.13%	3.15%	16.9%		1.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.07B	1.87B	2.44B	3.41B	5.4B	3.12B	4.71B	7.32B	8.23B	7.97B
Revenue Growth %	-0.34%	-0.1%	0.31%	0.4%	0.58%	-0.42%	0.51%	0.55%	0.12%	-0.03%
Cost of Goods Sold+	1.81B	1.67B	2.1B	3.06B	4.89B	3.04B	4.43B	6.48B	6.96B	7.23B
COGS % of Revenue	0.87%	0.89%	0.86%	0.9%	0.91%	0.97%	0.94%	0.88%	0.85%	0.91%
Gross Profit+	259.05M	197.09M	342.45M	354.97M	511.81M	87.14M	277.37M	846M	1.27B	741.72M
Gross Margin %	0.13%	0.11%	0.14%	0.1%	0.09%	0.03%	0.06%	0.12%	0.15%	0.09%
Gross Profit Growth %	0.66%	-0.24%	0.74%	0.04%	0.44%	-0.83%	2.18%	2.05%	0.51%	-0.42%
Operating Expenses+	217.46M	248.35M	202.02M	215.28M	363.83M	405.13M	284.99M	408.1M	594.01M	694.09M
OpEx % of Revenue	0.11%	0.13%	0.08%	0.06%	0.07%	0.13%	0.06%	0.06%	0.07%	0.09%
Selling, General & Admin	44.27M	42.07M	46.08M	47.43M	46.22M	41.29M	48.1M	62.4M	91.45M	108.84M
SG&A % of Revenue	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Research & Development	0	0	0	0	0	0	9.59M	9M	11.4M	0
R&D % of Revenue	-	-	-	-	-	-	0%	0%	0%	-
Other Operating Expenses	153.27M	174.66M	202.41M	225.6M	317.6M	363.85M	227.31M	336.7M	491.17M	585.25M
Operating Income+	61.51M	-19.65M	93.96M	81.94M	147.98M	-318M	-7.62M	437.9M	680.01M	47.63M
Operating Margin %	0.03%	-0.01%	0.04%	0.02%	0.03%	-0.1%	-0%	0.06%	0.08%	0.01%
Operating Income Growth %	2.64%	-1.32%	5.78%	-0.13%	0.81%	-3.15%	0.98%	58.48%	0.55%	-0.93%
EBITDA+	81.43M	11.97M	139.95M	134.58M	234.1M	-227.96M	86.62M	537.67M	799.84M	179.22M
EBITDA Margin %	0.04%	0.01%	0.06%	0.04%	0.04%	-0.07%	0.02%	0.07%	0.1%	0.02%
EBITDA Growth %	4.6%	-0.85%	10.69%	-0.04%	0.74%	-1.97%	1.38%	5.21%	0.49%	-0.78%
D&A (Non-Cash Add-back)	19.92M	31.62M	45.99M	52.64M	86.12M	90.04M	94.24M	99.77M	119.83M	131.59M
EBIT	-36.54M	-25.24M	102.93M	79.53M	45.96M	-359.58M	-13.78M	433.19M	685.76M	43.77M
Net Interest Income+	-20.16M	-28.51M	-31.63M	-39.77M	-74.84M	-70.22M	-66.49M	-68.29M	-72.45M	-82.79M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	20.16M	28.51M	31.63M	39.77M	74.84M	70.22M	66.49M	68.29M	72.45M	82.79M
Other Income/Expense	-118.21M	-34.1M	-22.66M	-42.18M	-176.86M	-111.81M	-72.66M	-73M	-66.7M	-86.65M
Pretax Income+	-56.7M	-53.75M	71.3M	39.76M	-28.88M	-429.81M	-80.28M	364.9M	613.31M	-39.02M
Pretax Margin %	-0.03%	-0.03%	0.03%	0.01%	-0.01%	-0.14%	-0.02%	0.05%	0.07%	-0%
Income Tax+	-16.79M	-7.91M	-1.32M	333K	-69.69M	-20.72M	1.02M	710K	-115.34M	-5.7M
Effective Tax Rate %	0.7%	0.85%	1.02%	0.99%	-1.41%	0.95%	1.01%	1%	1.19%	0.85%
Net Income+	-39.91M	-45.84M	72.62M	39.43M	40.81M	-409.09M	-81.3M	364.19M	728.64M	-33.32M
Net Margin %	-0.02%	-0.02%	0.03%	0.01%	0.01%	-0.13%	-0.02%	0.05%	0.09%	-0%
Net Income Growth %	0.15%	-0.15%	2.58%	-0.46%	0.04%	-11.02%	0.8%	5.48%	1%	-1.05%
Net Income (Continuing)	-39.91M	-45.84M	72.62M	39.43M	40.81M	-409.09M	-81.3M	364.19M	728.64M	-33.32M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.05	-1.08	1.57	0.86	0.80	-7.68	-1.40	6.08	11.94	-0.59
EPS Growth %	0.27%	-0.03%	2.45%	-0.45%	-0.07%	-10.6%	0.82%	5.34%	0.96%	-1.05%
EPS (Basic)	-1.05	-1.08	1.58	0.86	0.80	-7.68	-1.40	6.12	12.14	-0.59
Diluted Shares Outstanding	38.02M	42.35M	45.58M	45.76M	55.59M	53.3M	58.27M	59.88M	61.01M	56.77M
Basic Shares Outstanding	38.02M	42.35M	45.54M	45.73M	50.35M	53.3M	58.27M	59.54M	60.03M	56.77M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	531.75M	403.11M	603.54M	586.59M	1.03B	636.47M	1.13B	1.88B	1.99B	1.77B
Cash & Short-Term Investments	167.79M	47.77M	118.33M	75.08M	126.02M	68.31M	112.22M	490.93M	279.11M	191.92M
Cash Only	167.79M	47.77M	118.33M	75.08M	126.02M	68.31M	112.22M	490.93M	279.11M	191.92M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	68.34M	102.38M	121.83M	160.34M	228.72M	111.66M	195.11M	252.88M	367.25M	398.13M
Days Sales Outstanding	12.07	20.04	18.2	17.16	15.46	13.04	15.12	12.61	16.28	18.22
Inventory	219.44M	198.33M	345.36M	322.06M	615.87M	429.86M	790.32M	1.04B	1.23B	1.09B
Days Inventory Outstanding	44.32	43.4	60.01	38.47	45.97	51.65	65.08	58.73	64.31	54.97
Other Current Assets	33.16M	8.82M	10.48M	21.39M	48.03M	11.72M	18.41M	50.41M	76.22M	73.16M
Total Non-Current Assets+	360.51M	742.33M	743.86M	874.14M	1.67B	1.5B	1.44B	1.4B	1.87B	2.06B
Property, Plant & Equipment	195.14M	451.26M	450.02M	538.26M	1.38B	1.29B	1.24B	1.19B	1.45B	1.58B
Fixed Asset Turnover	10.59x	4.13x	5.43x	6.34x	3.91x	2.42x	3.80x	6.17x	5.69x	5.03x
Goodwill	41.33M	105.73M	107.19M	153.4M	195.92M	128M	127.26M	129.32M	129.28M	129.28M
Intangible Assets	34.37M	29.91M	26.6M	23.95M	21.55M	18.89M	16.23M	13.58M	10.92M	9.52M
Long-Term Investments	76.2M	108.82M	127.19M	136.66M	46.91M	9.5M	0	0	101.77M	98.81M
Other Non-Current Assets	13.47M	46.6M	32.86M	21.88M	22M	60.57M	56.26M	69.31M	186.66M	235.09M
Total Assets+	892.26M	1.15B	1.35B	1.46B	2.7B	2.13B	2.57B	3.28B	3.86B	3.83B
Asset Turnover	2.32x	1.63x	1.81x	2.33x	2.00x	1.46x	1.83x	2.23x	2.13x	2.08x
Asset Growth %	0.21%	0.28%	0.18%	0.08%	0.85%	-0.21%	0.2%	0.28%	0.18%	-0.01%
Total Current Liabilities+	365.04M	382.76M	470.95M	507.2M	1.03B	878.68M	1.36B	1.79B	1.52B	1.1B
Accounts Payable	27.43M	65.19M	52.54M	54.79M	162.4M	106.94M	154.54M	151.4M	391.32M	436.8M
Days Payables Outstanding	5.54	14.27	9.13	6.54	12.12	12.85	12.73	8.53	20.53	22.04
Short-Term Debt	11M	20.29M	0	33K	12.3M	59.93M	10.84M	10.96M	4.25M	4.88M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K
Other Current Liabilities	267.12M	0	17.69M	373.88M	678.94M	570.09M	1.05B	1.45B	908.99M	216M
Current Ratio	1.46x	1.05x	1.28x	1.16x	1.00x	0.72x	0.83x	1.05x	1.30x	1.62x
Quick Ratio	0.86x	0.54x	0.55x	0.52x	0.40x	0.24x	0.25x	0.47x	0.50x	0.62x
Cash Conversion Cycle	50.85	49.17	69.08	49.08	49.31	51.84	67.47	62.8	60.07	51.15
Total Non-Current Liabilities+	186.61M	393.76M	428.74M	441.2M	1.02B	1.01B	948.76M	842.02M	1B	1.54B
Long-Term Debt	154.21M	350.11M	384.81M	392.61M	599.63M	648.66M	553.72M	494.58M	646.6M	1.11B
Capital Lease Obligations	1.18M	1.78M	1.22M	6.12M	347.14M	312.28M	342.79M	299.01M	294.95M	373.78M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	31.22M	41.87M	42.7M	42.47M	71.23M	47.97M	52.26M	48.43M	62.37M	59.94M
Total Liabilities	551.65M	776.52M	899.69M	948.4M	2.05B	1.89B	2.3B	2.64B	2.53B	2.64B
Total Debt+	166.39M	597.31M	386.03M	398.76M	1.04B	1.08B	960.98M	870.63M	1.02B	1.57B
Net Debt	-1.4M	324.4M	267.7M	323.69M	913.05M	1.01B	848.76M	379.7M	739.54M	1.38B
Debt / Equity	0.49x	1.62x	0.86x	0.78x	1.60x	4.38x	3.62x	1.35x	0.76x	1.32x
Debt / EBITDA	2.04x	49.91x	2.76x	2.96x	4.44x	-	11.09x	1.62x	1.27x	8.74x
Net Debt / EBITDA	-0.02x	27.11x	1.91x	2.41x	3.90x	-	9.80x	0.71x	0.92x	7.67x
Interest Coverage	3.05x	-0.69x	2.97x	2.06x	1.98x	-4.53x	-0.11x	6.41x	9.39x	0.58x
Total Equity+	340.61M	368.91M	447.72M	512.33M	648.24M	246.27M	265.7M	644.54M	1.34B	1.19B
Equity Growth %	0.17%	0.08%	0.21%	0.14%	0.27%	-0.62%	0.08%	1.43%	1.07%	-0.11%
Book Value per Share	8.96	8.71	9.82	11.20	11.66	4.62	4.56	10.76	21.89	20.98
Total Shareholders' Equity	340.61M	368.91M	447.72M	512.33M	648.24M	246.27M	265.7M	644.54M	1.34B	1.19B
Common Stock	410K	455K	458K	470K	533K	540K	602K	604K	597K	552K
Retained Earnings	-174.96M	-220.8M	-148.18M	-108.75M	-67.94M	-477.03M	-559.12M	-200.69M	465.86M	295.85M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	2.2M	2.14M	2.67M	582K	-3.74M	2.5M	8.13M	8.17M	10.36M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	132.36M	-23.39M	106.48M	90.62M	105.63M	-37.21M	-27.62M	452.61M	579.16M	83.78M
Operating CF Margin %	0.06%	-0.01%	0.04%	0.03%	0.02%	-0.01%	-0.01%	0.06%	0.07%	0.01%
Operating CF Growth %	3.42%	-1.18%	5.55%	-0.15%	0.17%	-1.35%	0.26%	17.39%	0.28%	-0.86%
Net Income	-39.91M	-45.84M	72.62M	39.43M	40.81M	-409.09M	-81.3M	364.19M	728.64M	-33.32M
Depreciation & Amortization	19.92M	31.62M	45.99M	47.72M	86.12M	90.04M	94.24M	99.77M	119.83M	131.59M
Stock-Based Compensation	5.17M	6.63M	7.2M	6.2M	6.44M	7.34M	8.16M	9.35M	11.63M	25.7M
Deferred Taxes	-16.49M	-7.93M	-1.32M	661K	-66.89M	-20.89M	-260K	274K	-126.27M	-2.56M
Other Non-Cash Items	130.37M	0	44.21M	10.88M	109.45M	92.85M	-70.03M	-11.36M	-64.27M	-19.56M
Working Capital Changes	64.66M	7.54M	-16.23M	-14.27M	-70.3M	202.54M	21.56M	-9.62M	-90.41M	-18.08M
Change in Receivables	54.53M	-17.16M	-19.1M	-35.79M	-36.65M	117.8M	-83.95M	-57.39M	-112.42M	-26.04M
Change in Inventory	31.91M	49.02M	-146.53M	28.09M	-191.69M	171.88M	-350.65M	-254.44M	180.24M	62.85M
Change in Payables	0	0	0	0	68.97M	-154.33M	209.56M	39.32M	15.43M	-57.33M
Cash from Investing+	-114.2M	-286.24M	-31.67M	-175.82M	-353.23M	-63.46M	74.63M	-87.31M	-659.04M	-133.99M
Capital Expenditures	-22.34M	-24.83M	-31.71M	-48.44M	-83.92M	-63.52M	-29.53M	-53.02M	-82.28M	-135.54M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	35K	-53.05M	4.09M	58K	104.16M	1.26M	18.66M	1.55M
Cash from Financing+	60.42M	190.12M	-4.75M	41.94M	300.21M	42.56M	-1.09M	13.41M	-135.6M	-36.96M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-13.08M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.42M	-19.47M	-15.49M	-4.63M	30.64M	-47.18M	56.4M	83.23M	-212.92M	-541.58M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	110.01M	-48.23M	74.78M	42.18M	21.71M	-100.74M	-57.16M	399.58M	496.88M	-51.76M
FCF Margin %	0.05%	-0.03%	0.03%	0.01%	0%	-0.03%	-0.01%	0.05%	0.06%	-0.01%
FCF Growth %	2.6%	-1.44%	2.55%	-0.44%	-0.49%	-5.64%	0.43%	7.99%	0.24%	-1.1%
FCF per Share	2.89	-1.14	1.64	0.92	0.39	-1.89	-0.98	6.67	8.14	-0.91
FCF Conversion (FCF/Net Income)	-3.32x	0.51x	1.47x	2.30x	2.59x	0.09x	0.34x	1.24x	0.79x	-2.51x
Interest Paid	6.89M	0	23.87M	28.19M	58.25M	54.26M	65.22M	0	0	0
Taxes Paid	402K	0	1.48M	49K	136K	190K	795K	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-12.61%	-12.92%	17.79%	8.21%	7.03%	-91.47%	-31.76%	80.02%	73.6%	-2.64%
Return on Invested Capital (ROIC)	13.68%	-2.34%	8.63%	7.92%	9.26%	-16.93%	-0.48%	30.71%	32.91%	1.54%
Gross Margin	12.54%	10.57%	14.02%	10.41%	9.48%	2.79%	5.89%	11.55%	15.48%	9.3%
Net Margin	-1.93%	-2.46%	2.97%	1.16%	0.76%	-13.09%	-1.73%	4.97%	8.85%	-0.42%
Debt / Equity	0.49x	1.62x	0.86x	0.78x	1.60x	4.38x	3.62x	1.35x	0.76x	1.32x
Interest Coverage	3.05x	-0.69x	2.97x	2.06x	1.98x	-4.53x	-0.11x	6.41x	9.39x	0.58x
FCF Conversion	-3.32x	0.51x	1.47x	2.30x	2.59x	0.09x	0.34x	1.24x	0.79x	-2.51x
Revenue Growth	-33.52%	-9.74%	30.99%	39.61%	58.37%	-42.15%	50.73%	55.45%	12.43%	-3.13%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Refining	-	1.7B	2.32B	-	-	2.89B	4.47B	7.05B	-	7.73B
Refining Growth	-	-	36.25%	-	-	-	54.89%	57.59%	-	-
Retail	283.51M	290.4M	326.08M	-	-	363.71M	456.42M	570.21M	592.48M	584.76M
Retail Growth	-	2.43%	12.28%	-	-	-	25.49%	24.93%	3.91%	-1.30%
Logistics	82.67M	102.78M	121.47M	-	-	180.91M	184.73M	198.82M	260.78M	299.53M
Logistics Growth	-	24.32%	18.19%	-	-	-	2.11%	7.63%	31.16%	14.86%
Refining	-	-	-	-	-	-	-	-	7.97B	-
Refining Growth	-	-	-	-	-	-	-	-	-	-
Oil and Gas	-	-	-	-	89.07M	-	-	-	-	-
Oil and Gas Growth	-	-	-	-	-	-	-	-	-	-
Oil And Gas	-	-	-	93.49M	-	-	-	-	-	-
Oil And Gas Growth	-	-	-	-	-	-	-	-	-	-
Texadian	-	41.06M	-	-	-	-	-	-	-	-
Texadian Growth	-	-	-	-	-	-	-	-	-	-
Refining and Distribution	1.9B	-	-	-	-	-	-	-	-	-
Refining and Distribution Growth	-	-	-	-	-	-	-	-	-	-
Commodity Marketing And Logistics	132.47M	-	-	-	-	-	-	-	-	-
Commodity Marketing And Logistics Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Par Pacific Holdings, Inc. (PARR) reported $7.48B in revenue for fiscal year 2024. This represents a 12169% increase from $61.0M in 2010.

Par Pacific Holdings, Inc. (PARR) saw revenue decline by 3.1% over the past year.

Yes, Par Pacific Holdings, Inc. (PARR) is profitable, generating $236.0M in net income for fiscal year 2024 (-0.4% net margin).

Dividend & Returns

Yes, Par Pacific Holdings, Inc. (PARR) pays a dividend with a yield of 0.60%. This makes it attractive for income-focused investors.

Par Pacific Holdings, Inc. (PARR) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Par Pacific Holdings, Inc. (PARR) generated $87.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.