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PAR Pacific Holdings, Inc. (PARR)

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PAR Pacific Holdings, Inc. (PARR) reported revenue of $3.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 56.8% on the same quarter a year earlier. Net income was $462 million, up 677.2% on the year, and diluted earnings per share $9.35. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue$3.0 billionup 56.8%
Net income$462 millionup 677.2%
Diluted EPS$9.35
QuarterQ2 FY2026ended 30 June 2026

PAR Pacific Holdings (PARR) in brief

PAR Pacific Holdings (PARR) reported revenue of $7.5 billion for fiscal 2025, the year ended 31 December 2025, down 6.4% on the year before.
Read moreNet income was $369 million and diluted earnings per share $7.16. Revenue was $8.0 billion in fiscal 2024, $8.2 billion in fiscal 2023, $7.3 billion in fiscal 2022 and $4.7 billion in fiscal 2021. Net income in the same years was a loss of $33 million, $729 million, $364 million and a loss of $81 million. Over the twelve months to 30 June 2026, PAR Pacific Holdings reported revenue of $8.6 billion and net income of $857 million. Revenue grew 19.0% a year, compounded, over the five years to fiscal 2025. PAR Pacific Holdings had 50 million shares outstanding at the latest filed count. At 30 June 2026 it carried $739 million of debt and $185 million of cash. At the close of 9 October 2026 the market cap of PAR Pacific Holdings was $4.1 billion, 4.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE43.2%
ROCE42.5%
Operating margin13.4%
Net margin9.9%
FCF margin4.8%
Interest cover16.87
Debt to equity0.37
Cash conversion0.65
Share count, 1 year-1.4%
Sales CAGR, 3 years0.6%
Profit CAGR, 3 years0.5%
EPS, TTM$17.01

At the close of 9 October 2026

Price$81.89
Market cap$4.1 billion
Stock P/E4.81
Price to book2.07
EV / EBITDA3.58
Dividend yieldn/a
Market cap / sales0.48
52-week high$87.81
52-week low$33.28
Price, 1 year126.3%
Price CAGR, 3 years34.7%
Price CAGR, 5 years39.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as PAR Pacific Holdings, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PARRgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PARR

Filings19 in twelve months: 11 current reports (8-K), about 4 regulation FD disclosure; 4 results of operations; 3 material agreement; 2 other events; 2 new financial obligation
Planned insider sales21 Form 144 notices in twelve months, $22.6 million; latest 14 September 2026
Options tapeput/call 0.18 by open interest at the 9 October 2026 close; the straddle prices a 6.0% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading27 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.1 million shares short, 3.75 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,5792,1841,9812,0172,1441,8321,7451,8932,0131,8131,8242,969
Cost of revenue2,1741,8001,7471,7701,9051,6781,5591,5931,4541,5031,5592,116
Gross profit405384233247239154186300559310265853
Gross margin16%18%12%12%11%8%11%16%28%17%15%29%
Operating income1971759.548.636.4-47.0-15.896.835999.365.3635
Operating margin8%8%0%2%2%-3%-1%5%18%5%4%21%
Interest expense20.820.517.920.423.421.121.822.121.317.215.914.3
Pre-tax income176167-6.425.313.9-71.9-37.376.334593.558.5607
Tax rate3%-73%n/a26%46%n/an/a22%24%19%21%24%
Net income171289-3.818.67.5-55.7-30.459.526377.754.5462
Net margin7%13%-0%1%0%-3%-2%3%13%4%3%16%
Diluted EPS$2.79$4.76-$0.06$0.32$0.13-$0.98-$0.57$1.17$5.16$1.40$1.10$9.35
Operating cash flow269-2.325.4-4.778.5-15.5-1.413421993.8-40.7283
Capital expenditure23.028.622.636.928.347.740.948.132.327.543.139.7
Free cash flow246-30.82.8-41.650.2-63.1-42.385.518766.3-83.8243
Buybacks27.035.634.169.423.215.351.129.716.427.636.70.4
Shares outstanding60m60m58m56m56m55m52m51m50m49m50m50m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue3,1082,0661,8652,4433,4115,4023,1254,7107,3228,2327,9747,4658,619
Cost of revenue2,9371,7871,6362,0553,0034,8042,9484,3386,3766,8387,1016,1106,632
Gross profit1712792293884085981773729461,3948731,3551,987
Gross margin5.5%13.5%12.3%15.9%12.0%11.1%5.7%7.9%12.9%16.9%11.0%18.1%23.1%
Operating income-37.561.5-19.694.081.9148-318-7.643868047.65391,158
Operating margin-1.2%3.0%-1.1%3.8%2.4%2.7%-10.2%-0.2%6.0%8.3%0.6%7.2%13.4%
Interest expense18.020.228.531.639.874.870.266.568.372.582.882.468.6
Pre-tax income-47.5-56.7-53.771.339.8-28.9-430-80.3365613-39.04781,104
Income tax-0.5-16.8-7.9-1.30.3-69.7-20.71.00.7-115-5.7111257
Effective tax raten/an/an/a-1.8%0.8%n/an/an/a0.2%-18.8%n/a23.2%23.3%
Net income-47.0-39.9-45.872.639.440.8-409-81.3364729-33.3369857
Net margin-1.5%-1.9%-2.5%3.0%1.2%0.8%-13.1%-1.7%5.0%8.9%-0.4%4.9%9.9%
Diluted EPS-$1.44-$1.06-$1.08$1.57$0.85$0.80-$7.68-$1.40$6.08$11.94-$0.59$7.16$17.01
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Fuel Revenue7,9627,6297,15495.8%
Other Revenue2703453114.2%
Fuel RevenueOther Revenue
8,232FY20237,974FY20247,465FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-54.6132-23.410690.6106-37.2-27.645357983.8445555
Capital expenditure14.322.324.831.748.483.963.529.553.082.3136149143
Free cash flow-68.9110-48.274.842.221.7-101-57.2400497-51.8296412
Free cash flow margin-2.2%5.3%-2.6%3.1%1.2%0.4%-3.2%-1.2%5.5%6.0%-0.6%4.0%4.8%
Cash from investing-24.3-114-286-31.7-176-353-63.574.6-87.3-659-134-143-139
Cash from financing13060.4190-4.841.930042.6-1.113.4-136-37.0-330-393
Depreciation and amortisation14.919.931.646.052.686.190.094.299.8120132144144
Share-based compensation4.05.26.67.26.26.47.38.29.411.625.716.616.8
Buybacks0.01.0n/an/an/an/a1.22.17.867.814212581.1
Diluted shares, weighted33m38m42m46m46m50m53m58m60m61m57m52m49m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a50m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2923413694485126482462666451,3351,1911,5121,982
Redeemable equityn/an/an/an/an/an/an/an/an/an/a0.041.036.6
Debt1311653703853936127095655066511,113803739
Operating lease liabilitiesn/an/an/an/an/a341304335293283362312272
Finance lease liabilitiesn/an/an/an/an/a6.27.97.76.312.411.712.010.8
Other liabilities3123864065155561,0938671,3971,8321,5831,1511,1541,493
Total liabilities and equity7358921,1451,3471,4612,7012,1342,5703,2813,8643,8293,8344,534
Owned
Fixed assets113195451450538962n/an/an/an/an/an/an/a
Goodwill20.841.3106107153196128127129129129127127
Intangible assets7.534.429.926.623.921.518.916.213.610.99.59.59.9
Cash and equivalents89.216847.811875.112668.3112491279192164185
Receivables11268.3102122160229112195253367398313514
Inventory2442191983453226164307901,0421,1601,0891,2291,441
Other assets1491662101781885511,3771,3291,3521,9172,0111,9912,256
Total assets7358921,1451,3471,4612,7012,1342,5703,2813,8643,8293,8344,534
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.7%19.0%0.6%13.2%
Profit growth, compoundedn/an/a0.5%n/a
Return on equity, average-4.6%20.4%25.4%24.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was PAR Pacific Holdings' revenue in fiscal 2025?

PAR Pacific Holdings (PARR) reported revenue of $7.5 billion for fiscal 2025, the year ended 31 December 2025, down 6.4% on the year before.

How much did PAR Pacific Holdings earn in fiscal 2025?

Net income was $369 million for fiscal 2025, and diluted earnings per share $7.16.

What is PAR Pacific Holdings' P/E ratio?

At the close of 9 October 2026, PAR Pacific Holdings traded at 4.8 times its earnings over the twelve months to 30 June 2026.

What is PAR Pacific Holdings' market cap?

The market cap of PAR Pacific Holdings was $4.1 billion at the close of 9 October 2026.

How much debt does PAR Pacific Holdings have?

At 30 June 2026 PAR Pacific Holdings carried $739 million of debt and $185 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$190.0 billion14.9011.4%n/a-6.2%0.534.3%
Petróleo Brasileiro S.A. (Petrobras) PBR *$163.0 billion8.3226.0%29.3%-2.4%0.355.0%
Canadian Natural Resources Limited CNQ *$103.4 billion13.7124.4%n/a8.7%0.373.4%
Eni S.p.A. E *$82.8 billion31.875.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.7 billion11.5321.6%32.9%19.1%0.252.7%
Occidental Petroleum Corp. OXY$60.1 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$53.9 billion37.453.9%6.3%21.4%0.332.2%
Devon Energy Corp. DVN$53.1 billion11.467.9%16.7%14.6%0.272.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.897.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.0 billion12.2610.7%42.5%32.3%0.221.2%
Expand Energy Corp. EXE$20.4 billion7.6214.3%26.9%59.3%0.190.0%
All 54 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$694.8 billion21.7212.6%12.3%9.1%0.122.4%
Chevron Corp. CVX$418.8 billion20.3210.8%14.2%10.2%0.193.2%
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$190.0 billion14.9011.4%n/a-6.2%0.534.3%
Petróleo Brasileiro S.A. (Petrobras) PBR *$163.0 billion8.3226.0%29.3%-2.4%0.355.0%
ConocoPhillips COP$161.1 billion17.7414.2%n/a9.6%0.352.4%
Marathon Petroleum Corp. MPC$127.8 billion15.6444.8%9.2%15.0%1.610.8%
BP plc BP *$127.1 billionn/a0.1%6.6%-1.1%1.094.0%
Valero Energy Corp. VLO$124.9 billion18.0028.8%7.2%12.6%0.361.0%
Phillips 66 PSX$111.0 billion15.8822.5%n/a14.4%0.601.7%
Equinor ASA EQNR *$107.5 billion22.1712.5%23.8%2.6%0.690.3%
Canadian Natural Resources Limited CNQ *$103.4 billion13.7124.4%n/a8.7%0.373.4%
Suncor Energy Inc. SU *$86.2 billion21.2313.1%n/a-4.6%0.222.3%
Eni S.p.A. E *$82.8 billion31.875.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.7 billion11.5321.6%32.9%19.1%0.252.7%
SLB Limited SLB$72.6 billion23.6511.9%n/a2.5%0.43n/a
Occidental Petroleum Corp. OXY$60.1 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$53.9 billion37.453.9%6.3%21.4%0.332.2%
Devon Energy Corp. DVN$53.1 billion11.467.9%16.7%14.6%0.272.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.897.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.0 billion12.2610.7%42.5%32.3%0.221.2%
Halliburton Co. HAL$27.1 billion17.0314.6%11.4%0.6%0.642.1%
Expand Energy Corp. EXE$20.4 billion7.6214.3%26.9%59.3%0.190.0%
Permian Resources Corp. PR$19.3 billion15.2510.3%35.8%12.8%0.252.6%
Ovintiv Inc. OVV$17.7 billion18.058.0%9.7%6.0%0.321.9%
APA Corp. APA$16.1 billion9.7023.9%44.4%-16.1%0.532.2%
Antero Resources Corp. AR$11.1 billion10.3213.0%24.7%25.8%0.31n/a
PBF Energy Inc. PBF$10.2 billion7.4621.1%5.8%13.5%0.271.4%
Range Resources Corp. RRC$9.6 billion11.2918.3%32.1%23.2%0.180.9%
SM Energy Co. SM$8.8 billion7.3012.8%29.6%75.4%0.852.2%
Viper Energy, Inc. VNOM$8.3 billion330.621.2%12.3%n/a0.33n/a
Chord Energy Corp. CHRD$7.8 billion9.4910.2%19.0%19.2%0.183.7%
Noble Corp. plc NE$6.8 billion45.573.3%11.4%-11.1%0.424.7%
Matador Resources Co. MTDR$6.7 billion9.3112.2%32.2%-3.6%0.712.6%
CVR Energy Inc. CVI$5.8 billion85.3113.1%4.1%17.9%3.248.4%
Valaris Ltd. VAL$5.8 billion6.2529.2%11.3%-13.2%0.340.0%
Magnolia Oil & Gas Corp. MGY$5.7 billion10.5719.8%38.0%11.4%0.182.5%
Murphy OIL Corp. MUR$5.5 billion19.155.6%18.5%8.3%0.293.5%
CNX Resources Corp. CNX$5.1 billion5.7319.6%44.4%61.9%0.460.0%
California Resources Corp. CRC$4.7 billionn/a-3.6%-1.7%-22.5%0.383.0%
Oceaneering International Inc. OII$4.5 billion12.9130.1%10.4%3.8%0.420.0%
Patterson UTI Energy Inc. PTEN$4.3 billionn/a-2.9%-1.1%-6.9%0.402.8%
Crescent Energy Co. CRGY$4.2 billionn/a1.1%20.6%24.3%1.00n/a
PAR Pacific Holdings, Inc. PARR$4.1 billion4.8143.2%13.4%13.2%0.37n/a
Comstock Resources Inc. CRK$4.0 billion7.7019.7%28.8%31.6%1.200.0%
Helmerich & Payne, Inc. HP$4.0 billionn/a-5.1%2.3%16.6%0.700.6%
Valvoline Inc. VVV$3.9 billion37.8824.4%15.3%16.1%3.840.4%
Liberty Energy Inc. LBRT$3.2 billion25.696.2%1.3%2.3%0.661.7%
Gulfport Energy Corp. GPOR$2.9 billion6.5027.2%45.0%35.2%0.50n/a
Talos Energy Inc. TALO$2.8 billionn/a-19.9%-12.7%2.4%0.60n/a
Quaker Chemical Corp. KWR$2.7 billion27.787.1%7.7%7.8%0.621.3%
Northern OIL & Gas, Inc. NOG$2.6 billionn/a-24.4%-24.1%-25.6%1.377.3%
Atlas Energy Solutions Inc. AESI$1.5 billionn/a-10.6%-8.3%-8.1%0.826.1%
RPC Inc. RES$1.3 billion66.222.1%1.9%25.4%0.022.7%
31 companies share its SEC industry code (Crude Petroleum & Natural Gas); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20265 August 2026EDGAR
10-Q31 March 20266 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20255 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202428 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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