PARR - Par Pacific Holdings, Inc.
Par Pacific remains a buy, with the stock up ~30% and the business showing improved earnings power and resilience. PARR's Q4 2025 and Q1 2026 results confirm robust profitability, even amid market noise and Hawaii price lag headwinds. Buybacks have reduced share count by ~20%, materially enhancing per-share economics and reflecting disciplined capital allocation.
Par Pacific's regional refining model gives investors a more nuanced question after its big run: whether Hawaii-led strength deserves confidence beyond the current margin cycle.
PARR stock dips 13% after Q1 earnings miss estimates despite stronger refining margins and higher throughput volumes.
HOUSTON, May 14, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE and NYSE Texas: PARR) (“Par Pacific” or the “Company”) announced today that Par Petroleum, LLC, a wholly owned subsidiary of Par Pacific (“Par Petroleum”), closed its private placement (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), of $500 million in aggregate principal amount of 7.375% senior unsecured notes due 2034 (the “Notes”). The Company also announced the increase in lender commitments under its senior secured asset-based revolving credit facility (the “ABL Credit Facility”) to up to $1.8 billion and the extension of the maturity date thereof to 2031.
On May 13, 2026, Par Pacific Holdings Inc (PARR) shares fell 4.1% to a current price of $60.52. The stock has experienced a 52-week range, with a high of $70.39
While the top- and bottom-line numbers for Par Petroleum (PARR) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HOUSTON, May 11, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE and NYSE Texas: PARR) (“Par Pacific” or the “Company”) announced today that Par Petroleum, LLC, a wholly owned subsidiary of Par Pacific (“Par Petroleum”), priced a private placement (the “Offering”) pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), of $500 million in aggregate principal amount of 7.375% senior unsecured notes due 2034 (the “Notes”). The Notes mature on June 1, 2034, and will be issued at par. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by Par Pacific and each of Par Petroleum's subsidiaries that guarantees the Company's senior secured asset-based revolving credit facility (the “ABL Credit Facility”) at the closing of the Offering. The Offering is expected to close on May 14, 2026, subject to customary closing conditions.
HOUSTON, May 11, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE and NYSE Texas: PARR) (“Par Pacific” or the “Company”) announced today that, subject to market conditions, Par Petroleum, LLC, a wholly owned subsidiary of Par Pacific (“Par Petroleum”), intends to offer (the “Offering”) for sale in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), $500 million in aggregate principal amount of senior unsecured notes due 2034 (the “Notes”). The Notes are expected to be fully and unconditionally guaranteed on a senior unsecured basis by Par Pacific and each of Par Petroleum's subsidiaries that guarantees the Company's senior secured asset-based revolving credit facility (the “ABL Credit Facility”) at the closing of the Offering.
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Par Pacific is upgraded to a Buy as refining market fundamentals shift dramatically due to Middle East supply disruptions. Strait of Hormuz closure and Asian refinery cutbacks have triggered a refining mega-cycle, with crack spreads reaching unprecedented levels. PARR's Q1 results lagged peers due to contractual pricing lags at its Hawaiian refinery, deferring most profit windfall to Q2.
Par Pacific Holdings, Inc. (PARR) Q1 2026 Earnings Call Transcript
Par Petroleum (PARR) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $1.05 per share. This compares to a loss of $0.94 per share a year ago.
HOUSTON, May 05, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended March 31, 2026. Net income attributable to Par Pacific stockholders of $54.5 million, or $1.10 per diluted share Adjusted Net Income attributable to Par Pacific stockholders of $38.5 million, or $0.78 per diluted share Adjusted EBITDA of $91.5 million Repurchased $28.0 million of common stock at an average price of $37.96 per share Record quarterly Hawaii refining throughput of 89.8 Mbpd Hawaii renewable fuels facility began commercial operations in April The Company reported Net income (loss) attributable to Par Pacific stockholders of $54.5 million, or $1.10 per diluted share, for the quarter ended March 31, 2026, compared to $(30.4) million, or $(0.57) per diluted share, for the same quarter in 2025.
Today's energy backdrop has parallels to the late stages of 2022, where refining margins, not oil prices, became the key performance driver. High-quality companies in the Oil and Gas Refining and Marketing industry may be best positioned to capitalize on higher gas and diesel prices, translating macro pressures into profits. From large-scale operators to niche regional players, the common thread tying them together is the ability to monetize tighter refining capacity and resilient market demand.
Parr Pacific, Permian Resources and TotalEnergies represent three of the most compelling names in the energy space as shares push record highs and analysts upgrade outlooks.
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PARR heads into 2026 needing a Rockies capture rebound as Montana targets 90 to 100% and a Hawaii turnaround loom.
Par Pacific's Hawaii Renewables nears a steady 2026 ramp, with Laramie hedges and Rockies projects aimed at smoother earnings.
PARR okays a $250M buyback with no end date as liquidity hits roughly $915M and interest costs drop, but refining margins and outages stay wild.
Par Petroleum (PARR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.