(PARR) Par Pacific Holdings - Overview
Sector: Energy | Industry: Oil & Gas Refining & Marketing | Exchange: NYSE (USA) | Market Cap: 3.018m USD | Total Return: 203.3% in 12m
Industry Rotation: +30.3
Avg Turnover: 85.0M
EPS Trend: -38.8%
Qual. Beats: 0
Rev. Trend: -22.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Pullback Swing, Confidence
Par Pacific Holdings, Inc. (PARR) is a Houston-based energy company specializing in the refining, logistics, and retail distribution of conventional and renewable fuels. The company operates a vertically integrated model, managing three distinct segments: Refining, Retail, and Logistics. Its infrastructure includes refineries producing gasoline and distillates, a retail network under brands such as Hele and nomnom, and an extensive logistics system comprising pipelines, marine vessels, and storage facilities.
The company maintains critical strategic infrastructure, including proprietary pipelines that supply jet fuel to major U.S. military installations like Joint Base Lewis-McChord and Ellsworth Air Force Base. In the Oil & Gas Refining & Marketing sector, profitability is heavily influenced by the crack spread, which is the pricing differential between a barrel of crude oil and the refined products produced from it. This business model relies on geographic advantages, particularly in niche markets where the company controls midstream assets that lower transportation costs.
To gain a deeper understanding of the companys valuation metrics, investors may find it useful to examine the data available on ValueRay. Par Pacific continues to transition its portfolio to include renewable fuel options while maintaining its core petroleum refining and distribution operations across the United States.
- Refining crack spreads and crude oil price volatility impact core profitability
- Hawaii and Pacific Northwest energy demand dictates regional refinery utilization rates
- Logistics infrastructure expansion and military fuel contracts secure steady cash flows
- Retail convenience store margins and fuel sales volume drive non-refining revenue
- Regulatory compliance costs and renewable fuel standard mandates affect operational expenses
| Net Income: 454.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 6.29 > 1.0 |
| NWC/Revenue: 10.94% < 20% (prev 7.52%; Δ 3.42% < -1%) |
| CFO/TA 0.07 > 3% & CFO 306.9m > Net Income 454.2m |
| Net Debt (1.47b) to EBITDA (853.4m): 1.72 < 3 |
| Current Ratio: 1.62 > 1.5 & < 3 |
| Outstanding Shares: last quarter (49.6m) vs 12m ago -7.67% < -2% |
| Gross Margin: 18.11% > 18% (prev 0.09%; Δ 1.80k% > 0.5%) |
| Asset Turnover: 189.5% > 50% (prev 206.2%; Δ -16.72% > 0%) |
| Interest Coverage Ratio: 15.95 > 6 (EBITDA TTM 853.4m / Interest Expense TTM 44.6m) |
| A: 0.20 (Total Current Assets 2.15b - Total Current Liabilities 1.32b) / Total Assets 4.21b |
| B: 0.13 (Retained Earnings 567.8m / Total Assets 4.21b) |
| C: 0.18 (EBIT TTM 711.2m / Avg Total Assets 3.98b) |
| D: 0.22 (Book Value of Equity 579.9m / Total Liabilities 2.66b) |
| Altman-Z'' Score: 3.16 = A |
| DSRI: 1.29 (Receivables 481.5m/384.3m, Revenue 7.54b/7.74b) |
| GMI: 0.49 (GM 18.11% / 8.92%) |
| AQI: 0.83 (AQ_t 0.11 / AQ_t-1 0.14) |
| SGI: 0.97 (Revenue 7.54b / 7.74b) |
| TATA: 0.03 (NI 454.2m - CFO 306.9m) / TA 4.21b) |
| Beneish M-Score: -3.34 (Cap -4..+1) = AA |
Over the past week, the price has changed by -2.30%, over one month by +4.21%, over three months by +45.66% and over the past year by +203.30%.
- StrongBuy: 1
- Buy: 3
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 72 | 16.8% |
P/E Forward = 15.6495
P/S = 0.4
P/B = 2.1294
Revenue TTM = 7.54b USD
EBIT TTM = 711.2m USD
EBITDA TTM = 853.4m USD
Long Term Debt = 942.7m USD (from longTermDebt, last quarter)
Short Term Debt = 394.6m USD (from shortTermDebt, last quarter)
Debt = 1.64b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.47b USD (from netDebt column, last quarter)
Enterprise Value = 4.49b USD (3.02b + Debt 1.64b - CCE 172.5m)
Interest Coverage Ratio = 15.95 (Ebit TTM 711.2m / Interest Expense TTM 44.6m)
EV/FCF = 28.79x (Enterprise Value 4.49b / FCF TTM 155.9m)
FCF Yield = 3.47% (FCF TTM 155.9m / Enterprise Value 4.49b)
FCF Margin = 2.07% (FCF TTM 155.9m / Revenue TTM 7.54b)
Net Margin = 6.02% (Net Income TTM 454.2m / Revenue TTM 7.54b)
Gross Margin = 18.11% ((Revenue TTM 7.54b - Cost of Revenue TTM 6.18b) / Revenue TTM)
Gross Margin QoQ = 8.80% (prev 21.03%)
Tobins Q-Ratio = 1.07 (Enterprise Value 4.49b / Total Assets 4.21b)
Interest Expense / Debt = 2.71% (Interest Expense 44.6m / Debt 1.64b)
Taxrate = 21.10% (12.3m / 58.5m)
NOPAT = 561.2m (EBIT 711.2m * (1 - 21.10%))
Current Ratio = 1.62 (Total Current Assets 2.15b / Total Current Liabilities 1.32b)
Debt / Equity = 1.08 (Debt 1.64b / totalStockholderEquity, last quarter 1.52b)
Debt / EBITDA = 1.72 (Net Debt 1.47b / EBITDA 853.4m)
Debt / FCF = 9.44 (Net Debt 1.47b / FCF TTM 155.9m)
Total Stockholder Equity = 1.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.41% (Net Income 454.2m / Total Assets 4.21b)
RoE = 32.61% (Net Income TTM 454.2m / Total Stockholder Equity 1.39b)
RoCE = 30.45% (EBIT 711.2m / Capital Employed (Equity 1.39b + L.T.Debt 942.7m))
RoIC = 23.88% (NOPAT 561.2m / Invested Capital 2.35b)
WACC = 5.95% (E(3.02b)/V(4.66b) * Re(8.03%) + D(1.64b)/V(4.66b) * Rd(2.71%) * (1-Tc(0.21)))
Discount Rate = 8.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.89 | Cagr: -8.50%
[DCF] Terminal Value 80.82% ; FCFF base≈155.9m ; Y1≈102.4m ; Y5≈46.8m
[DCF] Fair Price = 0.29 (EV 1.49b - Net Debt 1.47b = Equity 14.4m / Shares 50.1m; r=6.0% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -38.80 | EPS CAGR: -31.99% | SUE: 0.05 | # QB: 0
Revenue Correlation: -22.56 | Revenue CAGR: -3.77% | SUE: 0.30 | # QB: 0
EPS current Quarter (2026-06-30): EPS=6.88 | Chg30d=+190.44% | Revisions=+33% | Analysts=5
EPS next Quarter (2026-09-30): EPS=3.10 | Chg30d=+43.71% | Revisions=+20% | Analysts=5
EPS current Year (2026-12-31): EPS=12.92 | Chg30d=+41.28% | Revisions=+33% | GrowthEPS=+70.9% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=9.24 | Chg30d=+21.73% | Revisions=+33% | GrowthEPS=-28.5% | GrowthRev=-7.1%
[Analyst] Revisions Ratio: +33%