PARR
Par Pacific Holdings, Inc.
PARR's fundamentals are strong: revenue grew 29% and its operating margin rose 8 points to 13%. At 3.8x earnings, it's trading below its usual 4.5x. Analysts expect earnings growth, though they disagree widely on how much.
PARR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
PARR's revenue, profitability, cash flow and balance sheet are all currently healthy.
PARR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 3x | $57.32 | -20% |
| Forward | 3.5x | $72.03 | — |
| Current | 3.8x | $72.03 | — |
| Fair | 4.5x | $86.03 | +19% |
| Expensive | 9.2x | $175 | +143% |
Historical ranges are pointers, not guarantees.
PARR's PE is in its fair range at 3.8x. If earnings grow as analysts expect, today's price would be 3.5x next year's earnings.
PARR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PARR, with profitability improving. However, they disagree widely on these estimates.
PARR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.33 | +7.2% |
| Q3 2026 | $18.96 | +297% |
| Q2 2026 | $17.01 | +$17.26 |
| Q1 2026 | $8.83 | +$9.93 |
| Q4 2025 | $7.16 | +$7.75 |
| Q3 2025 | $4.78 | -7.2% |
| Q2 2025 | -$0.25 | -103% |
| Q1 2025 | -$1.10 | -114% |
| Q4 2024 | -$0.59 | -105% |
PARR's earnings per share have jumped to their highest in seven years: $18.96 over the past year, up from $4.78 the year before.
PARR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.1B | +52% |
| Q2 2026 | $3B | +57% |
| Q1 2026 | $1.8B | +4.5% |
| Q4 2025 | $1.8B | -1% |
| Q3 2025 | $2B | -6.1% |
| Q2 2025 | $1.9B | -6.1% |
| Q1 2025 | $1.7B | -12% |
| Q4 2024 | $1.8B | -16% |
PARR's revenue is growing: $3.1B last quarter, up 52% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | -2.3 points |
| Q2 2026 | 21% | +16 points |
| Q1 2026 | 3.6% | +4.5 points |
| Q4 2025 | 5.5% | +8 points |
| Q3 2025 | 18% | +16 points |
| Q2 2025 | 5.1% | +2.7 points |
| Q1 2025 | -0.9% | -1.4 points |
| Q4 2024 | -2.6% | -11 points |
PARR's operating margin was 15% last quarter, down 2.3 points from the same quarter a year ago.
PARR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $801.5M | +328% |
| Q2 2026 | $242.9M | +184% |
| Q1 2026 | -$83.8M | -$41.4M |
| Q4 2025 | $66.3M | +$129.4M |
| Q3 2025 | $187.1M | +273% |
| Q2 2025 | $85.5M | +$127M |
| Q1 2025 | -$42.3M | -1618% |
| Q4 2024 | -$63.1M | -$32.3M |
PARR generated $1B in free cash flow over the past year, about six times what it generated the year before.
PARR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +225K shares |
| 1 year | -2.4% | -1.2M shares |
| 3 years | -19% | -11.7M shares |
| 5 years | -17% | -10.1M shares |
| Available history | -1.6% | -801K shares |
PARR has 50M diluted shares, down 2.4% from a year ago, with $75M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.3M |
| Q2 2026 | $359,000 |
| Q1 2026 | $36.7M |
| Q4 2025 | $27.6M |
| Q3 2025 | $16.4M |
| Q2 2025 | $29.7M |
| Q1 2025 | $51.1M |
| Q4 2024 | $15.3M |
PARR spent $75M buying back its own shares over the past year, down 33% from the year before.
PARR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 4.5x | High |
| Q1 2025 | 6.5x | High |
| Q4 2024 | 5.1x | High |
PARR has more cash than debt.
PARR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.3 | Neutral |
| Stochastic | 27.6 | Neutral |
PARR's weekly RSI is 50 (neutral) and its Stochastic is 28 (neutral).
PARR PE vs Energy Sector
| Metric | PARR | Sector median | Relative |
|---|---|---|---|
| PE | 3.8x | 13x | 71% below |
| PE % | 38 | 61 | 23 pts below |
PARR is trading at 3.8x earnings, a 71% discount to the Energy sector's median of 13x.
PARR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $77.5 | 7.1% below |
| 20 week MA | $77.0 | 6.4% below |
| 50 week MA | $61.0 | 18% above |
| 100 week MA | $43.2 | 67% above |
| 200 week MA | $35.7 | 102% above |
PARR has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 102% above its 200-week average.
PARR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.7 | $13.4 | -43% |
| 2021 | $13.4 | $14.9 | +11% |
| 2022 | $14.9 | $21.8 | +47% |
| 2023 | $21.8 | $36.4 | +67% |
| 2024 | $36.4 | $16.2 | -55% |
| 2025 | $16.2 | $35.0 | +116% |
| 2026 YTD | $35.0 | $72.0 | +106% |
PARR's yearly returns have swung widely, from +116% in 2025 to −55% in 2024. It's up 106% so far in 2026.