Par Pacific Holdings

PARR

Market cap $2.82B

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.

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.

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.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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.