Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Has Par Petroleum (PARR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Par Petroleum is one of 244 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the averag ...

The Zacks Oil and Gas - Refining & Marketing industry is entering a constructive phase, supported by steady global demand for gasoline, diesel, and jet fuel. Even with uneven economic signals, product pull remains firm, allowing operators to run their systems efficiently and shift output toward higher-value barrels. A tight global refining system adds further strength. Years of limited investment, regulatory pressure and refinery closures have kept capacity constrained, helping sustain wide crack spreads an ...

Key Takeaways Screen highlights five stocks showing strong relative price strength amid steady market gains.PARR shows rising 2025 earnings estimates and a 146.2% share gain over the past year.SNDK posts sharp estimate boosts for fiscal 2026 and a 422.9% share surge in the past year.U.S. stocks have held up impressively despite pockets of volatility, extending a strong upswing that began well over a year ago. Even with occasional pullbacks, major indexes remain quite close to record levels, supported by res ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Par Petroleum (PARR) - Par Petroleum currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4] Price Performance - PARR shares have increased by 2.93% over the past week, outperforming the Zacks Oil and Gas - Refining and Marketing industry, which rose by 1.3% [6] - Over the past month, PARR's price change is 22.03%, significantly higher than the industry's 7.65% [6] - In the last quarter, PARR shares have surged by 46.48%, and over the past year, they have gained 163.22%, while the S&P 500 has only increased by 7.7% and 15.35%, respectively [7] Trading Volume - PARR's average 20-day trading volume is 1,098,409 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, four earnings estimates for PARR have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.28 to $6.13 [10] - For the next fiscal year, four estimates have also moved upwards without any downward revisions [10] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, PARR is positioned as a strong buy candidate for investors seeking momentum stocks [12]

Core Viewpoint - Par Pacific (PARR) is identified as a strong investment opportunity, currently holding a Zacks Rank 1 (Strong Buy) and a Value grade of A, indicating it is likely undervalued in the market [3][6]. Valuation Metrics - PARR has a P/E ratio of 9.61, which is lower than the industry average of 10.90. Over the past year, PARR's Forward P/E has fluctuated between 5.93 and 33.91, with a median of 15.56 [3]. - The P/B ratio for PARR is 1.57, compared to the industry's average P/B of 1.98. PARR's P/B has ranged from 0.58 to 1.63 over the past year, with a median of 0.80 [4]. - PARR's P/S ratio stands at 0.29, which is significantly lower than the industry's average P/S of 0.44, indicating strong revenue performance relative to its price [5]. Investment Outlook - The combination of PARR's attractive valuation metrics and a strong earnings outlook suggests that it is an impressive value stock at the moment, making it a compelling option for value investors [6].

Group 1: Market Overview - The third-quarter 2025 earnings season has positively impacted broader equity markets despite a prolonged government shutdown [1] - The Federal Reserve's recent rate cut marks the second reduction this year, which is expected to enhance borrowing and market liquidity, driving deal volumes and trading opportunities [1] - Concerns remain regarding the increasing valuations of AI firms [1] Group 2: Stock Recommendations - Individual investors may find it challenging to select appropriate stocks for impressive returns; thus, broker advice is recommended [2] - Broker-friendly stocks to monitor for healthy returns include Par Pacific Holdings (PARR), General Motors (GM), American Airlines (AAL), Allegiant Travel Company (ALGT), and Dana Incorporated (DAN) [2][7] Group 3: Stock Screening Methodology - A screening process has been designed to shortlist stocks based on improving analyst recommendations and upward estimate revisions over the last four weeks [3] - The price/sales ratio is included as a complementary valuation metric, focusing on the company's top line [3] Group 4: Screening Parameters - The screening parameters include net upgrades in analyst ratings, percentage change in earnings estimates, and price-to-sales ratio [4][5] - Stocks must have a current price greater than $5, an average daily volume exceeding 100,000 shares, and be among the top 3000 in market capitalization [5] Group 5: Company Highlights - Par Pacific operates an integrated energy platform with a refining capacity of 219,000 barrels per day and serves key western U.S. markets [6] - General Motors holds a 17% market share in the U.S. and has consistently beaten earnings estimates, with an average beat of 9% over the last four quarters [8][9] - American Airlines is benefiting from increased air travel demand and low fuel costs, expecting a 1% revenue increase in 2025 [10] - Allegiant Travel is capitalizing on buoyant air travel demand and aims to expand its fleet to 123 by the end of 2025 [11] - Dana Incorporated is focused on cost-reduction measures and efficiency gains, with an 84.2% upward revision in current-quarter earnings estimates [12]

Financial Performance - Net income for the three months ended September 30, 2025, increased to $262.6 million from $7.5 million for the same period in 2024, driven by a $321.8 million increase in refining segment operating income[164]. - Adjusted EBITDA for the three months ended September 30, 2025, was $372.5 million, a significant increase from $51.4 million in the same period of 2024, primarily due to a $308.1 million increase in refining segment Adjusted Gross Margin[165]. - For the nine months ended September 30, 2025, net income rose to $291.7 million from $22.4 million for the same period in 2024, reflecting a $314.6 million increase in refining segment operating income[167]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $520.5 million, compared to $227.7 million for the same period in 2024, with a $260.5 million increase in refining segment Adjusted Gross Margin contributing to this growth[168]. - Total revenues for the three months ended September 30, 2025, were $2.01 billion, a decrease of 6% compared to $2.14 billion for the same period in 2024[171]. - Revenues for the nine months ended September 30, 2025, decreased to $5,651.41 million, down 8% from $6,142.24 million in 2024[172]. - Operating income for the three months ended September 30, 2025, was $358.5 million, a significant increase from $36.4 million in the same period in 2024[171]. - Operating income for the nine months ended September 30, 2025, increased significantly to $439.50 million, compared to $94.59 million in 2024[172]. - Adjusted Gross Margin for the three months ended September 30, 2025, was $43,492 thousand, compared to $42,615 thousand in 2024, indicating an increase of 2.05%[194]. - Adjusted Gross Margin for the nine months ended September 30, 2025, reached $126,874 thousand, up from $121,295 thousand in 2024, marking a growth of 4.73%[195]. Costs and Expenses - The company recorded a $451.5 million decrease in the cost of revenues (excluding depreciation) for the three months ended September 30, 2025, compared to the same period in 2024[171]. - Cost of revenues (excluding depreciation) for the same period fell to $4,606.54 million, a decrease of 15% compared to $5,422.88 million in 2024[172]. - General and administrative expenses (excluding depreciation) decreased to $72.13 million in the nine months ended September 30, 2025, down 17% from $87.32 million in 2024[172]. - The company experienced a significant increase in income tax expense, which rose to $92.70 million for the nine months ended September 30, 2025, compared to $10.50 million in 2024, reflecting a 783% increase[172]. - Acquisition and integration costs surged to $1.97 million in the nine months ended September 30, 2025, compared to only $0.068 million in 2024, marking a 2801% increase[172]. - Interest expense and financing costs for the three months ended September 30, 2025, were $21.3 million, a decrease of $2.1 million compared to $23.4 million for the same period in 2024[231]. - Interest expense and financing costs for the nine months ended September 30, 2025, were $65.2 million, an increase of $3.5 million compared to $61.7 million for the same period in 2024[244]. Refining Segment Performance - Operating income for the refining segment for the three months ended September 30, 2025, was $340.77 million, compared to $19.01 million in 2024[173]. - Adjusted Gross Margin for refining for the three months ended September 30, 2025, was $450.3 million, an increase of $308.1 million compared to $142.2 million for the same period in 2024[214]. - Total refining segment feedstocks throughput for Q3 2025 was 197.7 Mbpd, a slight decrease from 198.4 Mbpd in Q3 2024[182]. - Adjusted gross margin per barrel for Q3 2025 increased to $24.76 from $7.79 in Q3 2024, reflecting a significant improvement[182]. - The total refined product sales volume for the refining segment in Q3 2025 was 208.6 Mbpd, down from 216.2 Mbpd in Q3 2024[182]. - The production costs per barrel for the total refining segment decreased to $8.76 in Q3 2025 from $11.61 in Q3 2024, reflecting cost management efforts[183]. Retail Segment Performance - Retail sales volumes for the three months ended September 30, 2025, were 31,755 thousand gallons, up from 31,232 thousand gallons in 2024, representing a growth of 1.67%[186]. - For the nine months ended September 30, 2025, retail sales volumes increased to 92,034 thousand gallons from 91,186 thousand gallons in 2024, reflecting a growth of 0.93%[186]. - Operating Income for the retail segment for the three months ended September 30, 2025, was $19,093 thousand, compared to $18,274 thousand in 2024, showing an increase of 4.48%[194]. - Operating Income for the retail segment for the nine months ended September 30, 2025, was $55,847 thousand, up from $45,323 thousand in 2024, representing a growth of 23.25%[195]. - Retail Adjusted Gross Margin for the nine months ended September 30, 2025, was $126.9 million, an increase of $5.6 million compared to $121.3 million for the same period in 2024[221]. Joint Ventures and Investments - The company formed a joint venture, Hawaii Renewables, LLC, with a 63.5% equity interest to develop a renewable fuels manufacturing facility, with a $100 million cash contribution from Alohi Renewable Energy LLC[157]. - Acquisition and integration costs for the nine months ended September 30, 2025, were $2.0 million, primarily related to the establishment of the renewable fuel facility joint venture[241]. Market Conditions - The average Brent crude oil price decreased to $69.93 per barrel for the nine months ended September 30, 2025, down from $81.82 per barrel for the same period in 2024[159]. - The average Brent crude oil price for Q3 2025 was $68.17, down from $78.71 in Q3 2024, reflecting market volatility[184]. - The combined market index for Q3 2025 was $14.72, significantly higher than $8.89 in Q3 2024, indicating improved market conditions[184]. Liquidity and Capital Structure - Liquidity position as of September 30, 2025, was $735.2 million, consisting of $159.1 million in cash and cash equivalents and $576.1 million available under the ABL Credit Facility[266]. - The company may seek to raise additional debt or equity capital to fund acquisitions and refinance existing debt[267]. - Total assets increased to $4,076,582 million as of September 30, 2025, up from $3,829,371 million as of December 31, 2024, representing a growth of approximately 6.5%[253][254]. - Cash and cash equivalents decreased to $159,055 million from $191,921 million, a decline of about 17%[253][254]. - Total stockholders' equity increased to $1,396,062 million from $1,191,302 million, reflecting a growth of approximately 17.2%[253][254]. Tax and Regulatory Matters - The company received a gain of $199.5 million in net income due to small refinery exemptions granted by the EPA for compliance years 2019 through 2024[156]. - The company recognized a non-cash deferred tax expense of $72.7 million for Q3 2025, compared to $5.7 million in Q3 2024, indicating a substantial increase in tax liabilities[197]. - Income tax expense for the nine months ended September 30, 2025, was $92.7 million, an increase of $82.2 million compared to $10.5 million for the same period in 2024, primarily related to higher pre-tax net income[249].

Financial Data and Key Metrics Changes - The company reported strong third quarter results with Adjusted EBITDA of $372 million and adjusted net income of $5.95 per share, reflecting a significant increase from previous quarters [3][11] - The refining segment generated Adjusted EBITDA of $338 million, a substantial rise from $108 million in the second quarter, driven by small refinery exemptions that contributed approximately $203 million [11][3] - Cash provided by operations was $219 million, with a working capital outflow of $147 million primarily due to higher RIN inventory [15] Business Line Data and Key Metrics Changes - The retail segment achieved Adjusted EBITDA of $22 million, slightly down from $23 million in the second quarter, but continues to outperform mid-cycle targets [14] - The logistics segment reached a record Adjusted EBITDA of $37 million, up $7 million from the second quarter, reflecting improved operations in Montana and Wyoming [14] Market Data and Key Metrics Changes - The combined throughput for the third quarter was 198,000 barrels per day, with Hawaii throughput at 82,000 barrels per day and a new monthly record of nearly 90,000 barrels per day set in September [8][9] - The fourth quarter combined index averaged $15.55 per barrel in October, an increase from the third quarter, driven by strong market conditions [3][13] Company Strategy and Development Direction - The company is expanding its development pipeline with new store openings in the Pacific Northwest and redevelopment opportunities in Hawaii [4] - Focus on low-capital, high-return projects to enhance mid-cycle earnings power, particularly in Montana [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market outlook, citing strong product margins due to tight supply and demand balances and geopolitical disruptions [3] - The company anticipates lower throughput and increased costs in the fourth quarter due to routine maintenance, with expected system-wide throughput between 184,000 and 193,000 barrels per day [9][10] Other Important Information - The company closed a joint venture with Mitsubishi and Neste for Hawaii Renewables, receiving $100 million in proceeds [6] - The balance sheet is strengthening, with gross term debt at $642 million, positioning the company at the low end of its leverage target [16] Q&A Session Summary Question: Washington capture lower than expectations - Management confirmed that the lower capture was primarily due to jet versus diesel dynamics, with expectations for improvement in the fourth quarter [19] Question: Turnaround schedule for 2026 - Management indicated planned turnarounds in Hawaii and Washington, with Wyoming's turnaround deferred [20] Question: Cash usage priorities - Management highlighted a focus on completing the Hawaii Renewables project while considering share repurchases [24] Question: Sustainability of Singapore margin strength - Management noted strong Singapore margins driven by tight inventories and geopolitical disruptions, with expectations for continued strength [26] Question: Q4 capture expectations - Management provided guidance for refining index and capture levels, with expectations for seasonal dynamics to impact results [30] Question: RINs and small refinery exemptions - Management stated they will pursue all opportunities for exemptions consistent with the law and are prepared for a range of outcomes [38][41] Question: Montana operating costs sustainability - Management expects seasonal improvements in operating costs but maintains a target of $10 per barrel for the Montana team [43]

Financial Data and Key Metrics Changes - The company reported strong third quarter results with adjusted EBITDA of $372 million and adjusted net income of $5.95 per share, reflecting a significant increase from previous quarters [3][10] - The earnings boost included approximately $200 million from small refinery exemptions, contributing to the overall financial performance [3][10] - Cash provided by operations was $219 million, with a working capital outflow of $147 million primarily due to higher RIN inventory [14] Business Line Data and Key Metrics Changes - The refining segment generated adjusted EBITDA of $338 million, a substantial increase from $108 million in the second quarter [10] - The logistics segment achieved a record adjusted EBITDA of $37 million, up $7 million from the second quarter, driven by higher system utilization [12] - The retail segment's adjusted EBITDA was $22 million, slightly down from $23 million in the second quarter, but marked the third consecutive quarter of record LTM retail adjusted EBITDA at $86 million [13] Market Data and Key Metrics Changes - The combined throughput for the third quarter was 198,000 barrels per day, with Hawaii throughput at 82,000 barrels per day and a new monthly record of nearly 90,000 barrels per day set in September [3][7] - The fourth quarter combined index averaged $15.55 per barrel in October, up from the third quarter, primarily driven by strength in the Singapore market [3][11] - Margin capture in Hawaii was reported at 111%, while Montana and Wyoming captured 93% and 91% respectively, reflecting a return to normal operations [10][11] Company Strategy and Development Direction - The company is expanding its development pipeline with new store openings and redevelopment opportunities, particularly in the Pacific Northwest and Hawaii [4][5] - Strategic objectives include low-capital, high-return projects to enhance the mid-cycle earnings power of the Billings asset [5] - The company is focused on completing the Hawaii SAF project and has formed a joint venture with Mitsubishi and Neste, receiving $100 million in proceeds [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market outlook, citing tight supply and demand balances and geopolitical disruptions driving product margins [3] - The company anticipates lower throughput and increased costs in the fourth quarter due to routine maintenance, with expected system-wide throughput between 184,000 and 193,000 barrels per day [8][9] - Management highlighted the strong balance sheet and operational momentum as key factors for pursuing growth and opportunistic share repurchases [6][15] Other Important Information - The company has a gross term debt of $642 million, positioning it at the low end of its leverage target [15] - The Hawaii Renewables joint venture is expected to bolster liquidity, alongside future monetization of excess RINs [15] Q&A Session Summary Question: Washington capture lower than expected - Management confirmed that the lower capture was primarily due to jet versus diesel dynamics, with expectations for improvement in the fourth quarter [18][19] Question: Turnaround schedule for 2026 - Management indicated planned turnarounds in Hawaii and Washington, with a deferral of the Wyoming turnaround [19] Question: Cash usage priorities - Management stated that the improving balance sheet allows for growth pursuits and share repurchases, with a focus on completing the Hawaii Renewables project [22][23] Question: Sustainability of Singapore margin strength - Management noted strong Singapore margins driven by tight inventories and geopolitical disruptions, with expectations for continued strength [25][26] Question: RINs from small refinery exemptions - Management expressed willingness to pursue additional opportunities for exemptions and emphasized flexibility in managing RIN lot liability [37][39] Question: Montana operating costs sustainability - Management expects seasonal improvements in operating costs but anticipates a return to the $10 per barrel target in the long term [41]