After reaching an important support level, Par Pacific Holdings, Inc. (PARR) could be a good stock pick from a technical perspective. PARR recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-t ...

28 May 2025 | 4:05AM EDT Par Pacific Holdings (PARR) Lower to Neutral After Recent Relative and Absolute Performance; Prefer Buy-Rated VLO, MPC, DINO | PARR | | --- | | 6m Price Target: $19.00 | | Price: $22.47 | | Downside: 15.4% | Following recent share outperformance, we are downgrading Par Pacific Holdings (PARR) from Buy to Neutral. While we remain constructive on the refining sector (supported by increased OPEC+ production and tightening refining supply/demand dynamics), we continue to be selective in ...

Core Insights - Par Petroleum reported $1.75 billion in revenue for Q1 2025, a year-over-year decline of 11.9%, with an EPS of -$0.94 compared to $0.69 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.6 billion by 8.77%, while the EPS fell short of the consensus estimate of -$0.77 by 22.08% [1] Financial Performance - Total refining feedstocks throughput was 176,000 million barrels per day, surpassing the average estimate of 174,703.3 million barrels per day [4] - Hawaii refinery throughput was 79.4 million barrels per day, slightly below the estimate of 80.58 million barrels per day [4] - Montana refinery throughput was 51.7 million barrels per day, exceeding the estimate of 50.07 million barrels per day [4] - Wyoming refinery throughput was 6.3 million barrels per day, above the estimate of 6 million barrels per day [4] - Washington refinery throughput was 38.6 million barrels per day, slightly above the estimate of 38.07 million barrels per day [4] Revenue Breakdown - Refining revenues were $1.69 billion, exceeding the average estimate of $1.48 billion, representing a year-over-year decline of 12.5% [4] - Retail revenues were $136.43 million, below the average estimate of $142.34 million, with a year-over-year decline of 2.6% [4] - Logistics revenues were $71.42 million, surpassing the average estimate of $61.38 million, with a year-over-year change of -0.6% [4] EBITDA Metrics - Adjusted EBITDA for refining was -$14.29 million, significantly below the average estimate of $6.05 million [4] - Adjusted EBITDA for logistics was $29.67 million, slightly above the average estimate of $28 million [4] - Adjusted EBITDA for retail was $18.62 million, below the average estimate of $19.90 million [4] Stock Performance - Par Petroleum shares returned +31.1% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

FORM 10-Q ________________________________________________________________________________________________________________________ WASHINGTON, DC 20549 ________________________________________________________________________________________________________________________ (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 ...

Financial Performance - Par Petroleum reported $1.75 billion in revenue for the quarter ended March 2025, reflecting a year-over-year decline of 11.9% [1] - The EPS for the same period was -$0.94, compared to $0.69 a year ago, indicating a significant drop in profitability [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.6 billion, resulting in a surprise of +8.77% [1] - The company experienced an EPS surprise of -22.08%, with the consensus EPS estimate being -$0.77 [1] Key Metrics - Total Refining - Feedstocks Throughput was 176,000 million barrels of oil per day, surpassing the average estimate of 174,703.3 million barrels [4] - Hawaii Refinery - Feedstocks Throughput was 79.4 million barrels of oil per day, slightly below the average estimate of 80.58 million barrels [4] - Montana Refinery - Feedstocks Throughput was 51.7 million barrels of oil per day, exceeding the average estimate of 50.07 million barrels [4] - Wyoming Refinery - Feedstocks Throughput was 6.3 million barrels of oil per day, above the average estimate of 6 million barrels [4] - Washington Refinery - Feedstocks Throughput was 38.6 million barrels of oil per day, slightly above the average estimate of 38.07 million barrels [4] - Retail sales volumes were 29,431 Kgal, compared to the average estimate of 30,216.58 Kgal [4] - Adjusted EBITDA for Refining was -$14.29 million, significantly lower than the average estimate of $6.05 million [4] - Adjusted EBITDA for Logistics was $29.67 million, slightly above the average estimate of $28 million [4] - Adjusted EBITDA for Retail was $18.62 million, below the average estimate of $19.90 million [4] Stock Performance - Shares of Par Petroleum have returned +14.4% over the past month, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - First quarter adjusted EBITDA was $10 million, with an adjusted net loss of $0.94 per share, reflecting off-season conditions and the impacts of the Wyoming outage [5][17] - Total adjusted EBITDA exceeded $80 million for the first time in the last twelve months [7] - Ending liquidity was $525 million after share repurchases, with gross term debt at $642 million, representing a leverage ratio of 3.2 times [9][22] Business Line Data and Key Metrics Changes - Refining segment reported an adjusted EBITDA loss of $14 million in Q1, an improvement from a loss of $22 million in the previous quarter [17] - Retail segment adjusted EBITDA was $19 million, down from $22 million in the fourth quarter, but still reflecting strong fuel margins and in-store performance [20] - Logistics segment adjusted EBITDA was $30 million, consistent with mid-cycle run rate guidance [20] Market Data and Key Metrics Changes - Hawaii throughput was 79,000 barrels per day, impacted by planned maintenance [11] - Washington throughput was 39,000 barrels per day, reflecting seasonal demand [12] - Wyoming refinery returned to normal operations a month ahead of schedule, with throughput of 6,000 barrels per day [12][13] Company Strategy and Development Direction - The company is focused on enhancing flexibility and competitiveness, with significant progress on strategic objectives [7][8] - The SAF project in Hawaii is on track for startup in the second half of the year, with encouraging commercial interest from airlines [9][56] - The company aims to achieve $30 million to $40 million in annual cost savings relative to 2024 [20] Management Comments on Operating Environment and Future Outlook - Management noted improving market conditions, with a combined index up by $6 per barrel [5] - The outlook for the Hawaii refining business is strong, despite policy uncertainty surrounding the SAF project [5][9] - Demand across niche markets is steady to increasing, with no signs of recessionary demand observed [61] Other Important Information - The company opportunistically reduced shares outstanding by 5% compared to the end of 2024 [7] - Cash used in operations was $1 million, including $28 million of turnaround expenditures [21] Q&A Session Summary Question: Factors that allowed Wyoming to restart earlier than expected - The efficient team effort and support from third-party contractors contributed to the early restart of the Wyoming facility [26][27] Question: Outlook on crude differentials and market conditions - Current tight heavy Canadian discounts are due to excess pipeline capacity, likely to persist until production increases [28][29] Question: Impact of West Coast and Asian markets on supply and demand - Increased product imports from Asia are favorable for the company's West Coast position [32][33] Question: Capital allocation strategy and free cash flow expectations - The company is in a good position with excess capital, allowing for opportunistic share repurchases [36][37] Question: Demand outlook for Q2 and market conditions in Asia - Steady to increasing demand is observed across product categories, with Singapore market conditions remaining mid-cycle [40][41] Question: Refining capture rates and turnaround impacts - Capture rates are expected to align with guidance, with some impacts from turnarounds being mitigated [43][44] Question: Margin profile in a declining oil environment - The company is well-hedged against price fluctuations, expecting more tailwinds than headwinds in a falling price environment [50][51] Question: SAF project outlook and market positioning - The company remains constructive on the SAF project, citing competitive operating costs and encouraging interest from international airlines [55][56] Question: Potential for small bolt-on deals in logistics and retail - The company is currently focused on share repurchases as the best capital allocation alternative [59] Question: Signs of recessionary demand in retail markets - No reductions in demand have been observed, with retail business performing well in the current macro environment [61]

Par Pacific (PARR) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Ashimi Patel - VP - IR & SustainabilityWilliam Monteleone - President & CEORichard Creamer - Executive Vice President of Refining & LogisticsShawn Flores - Senior VP & CFOMatthew Blair - Managing DirectorJason Gabelman - MD - Equity ResearchManav Gupta - Executive Director Conference Call Participants Ryan Todd - Senior Research AnalystAlexa Petrick - Investment Research Analyst Operator Good day and welcome to the Par Pa ...

Par Pacific (PARR) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Good day and welcome to the Par Pacific First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. I would like now to turn the conference over to Ashini Patel, Vice President of Investor Relations. Please go ahead. Speaker1 Thank you, Alan. Welcome to Par Pacific's first q ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Par Petroleum (PARR) came out with a quarterly loss of $0.94 per share versus the Zacks Consensus Estimate of a loss of $0.77. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of -22.08%. A quarter ...

NEWS RELEASE PAR PACIFIC HOLDINGS REPORTS FIRST QUARTER 2025 RESULTS HOUSTON, May 6, 2025 - Par Pacific Holdings, Inc. (NYSE: PARR) ("Par Pacific" or the "Company") today reported its financial results for the quarter ended March 31, 2025. Par Pacific reported a net loss of $(30.4) million, or $(0.57) per diluted share, for the quarter ended March 31, 2025, compared to $(3.8) million, or $(0.06) per diluted share, for the same quarter in 2024. First quarter 2025 Adjusted Net Loss was $(50.3) million, compar ...