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Par Pacific Holdings (PARR)
NYSE:PARR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.35Last Year’s EPS
0.69Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -11.54%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance in logistics and retail segments, successful share repurchase, and positive market conditions in certain regions. However, challenges included a significant incident at the Wyoming facility, fourth-quarter financial losses, and high production costs in the Wyoming segment.Company Guidance
During Par Pacific Holdings, Inc.'s fourth-quarter earnings call for 2024, several key metrics were highlighted to provide guidance for the upcoming year. The company reported a 2024 adjusted EBITDA of $239 million and an adjusted net income, reflecting a strong operational performance with record refining throughput and improvements in logistics and retail segments. Hawaii's refining business unit was notably successful. The company faced an operational incident at its Wyoming facility, targeting a return to full operations by Memorial Day. Par Pacific plans to execute several key projects in 2025, including a turnaround at the Montana FCC and Alky units, the restart of Wyoming units, and the startup of Hawaii's SAF unit in the latter half of the year. The company achieved a 10% increase in 2024 adjusted EBITDA compared to 2023, with in-store gross margins growing by 11%. The refining segment reported a fourth-quarter adjusted EBITDA loss of $22 million, while Hawaii's throughput was strong at 83,000 barrels per day. The firm repurchased nearly five million shares, representing 9% of outstanding shares, and maintained total liquidity of $614 million. During the Q&A, guidance on share repurchase authorization and strategic objectives were discussed, emphasizing a dynamic approach to capital allocation.Record Logistics and Retail Adjusted EBITDA
The company achieved record logistics and retail adjusted EBITDA, highlighting strong operational performance despite a challenging refining market.
Retail Segment Growth
In-store gross margins grew 11% versus 2023, and fuel volumes expanded, driven by strong same-store sales results in the legacy portfolio.
Successful Share Repurchase
The company repurchased nearly five million shares or 9% of outstanding shares at attractive prices, demonstrating strong capital allocation.
Low-Cost, High-Return Projects
The company is executing several key projects, including the Montana FCC and Alky turnaround and the Hawaii SAF unit startup, aimed at driving enhanced earnings power.
Improvement in Washington and Montana Margins
The Washington index improved by approximately $7 per barrel compared to January, and the Montana index in February improved by over $10 per barrel compared to January.
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PARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $15.43 | $13.94 | -9.66% |
| Nov 04, 2024 | $15.82 | $15.11 | -4.49% |
| Aug 06, 2024 | $23.69 | $24.10 | +1.73% |
| May 06, 2024 | $30.33 | $29.77 | -1.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Par Pacific Holdings (PARR) report earnings?
Par Pacific Holdings (PARR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Par Pacific Holdings (PARR) earnings time?
Par Pacific Holdings (PARR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PARR EPS forecast?
PARR EPS forecast for the fiscal quarter 2025 (Q1) is -0.35.
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