Par Pacific Holdings (PARR) Reveals CapEx Guidance for FY 2026

Core Insights - Par Pacific Holdings, Inc. (NYSE:PARR) is recognized as one of the 11 Best Performing Energy Stocks in 2025 [1] - The company is growth-oriented, operating in complex markets with a focus on energy and infrastructure [2] Capital Expenditure Guidance - For FY 2026, Par Pacific Holdings projects capital expenditures between $190 million and $220 million [3] - The company plans to allocate $50-60 million for turnarounds, including $10 million for maintenance at its Washington refinery [3] - Maintenance and catalyst costs are expected to be $105-$115 million, with $20 million for catalyst costs, $15 million for Hawaii single point mooring investments, and $10 million for Montana reliability investments [3] - Growth initiatives are earmarked at $35-$45 million, with $30 million for refining and logistics investments and $10 million for retail growth investments [3] Analyst Ratings and Price Target - Mizuho analyst Nitin Kumar raised the price target for PARR from $45 to $49, indicating a potential upside of nearly 40% from the current share price [4] - The firm maintains a 'Neutral' rating on PARR, reflecting cautious optimism amid a generally negative sentiment in the US oil and gas sector [4][5] - The analyst notes that despite current oversupply and high storage concerns, there is 'underappreciated value' in the E&P sector that could be realized in the coming year [5]