Par Pacific Holdings Inc (PARR)

In the past six months, Par Pacific Holdings, Inc. reported strong financial performance in Q2 2025, with adjusted EBITDA at $82 million and net income per share at $0.49, driven by refinery operations. The company repurchased $28 million of common stock and announced a Hawaii Renewables joint venture. In Q3 2025, net income increased significantly to $262.6 million, or $5.16 per diluted share, with adjusted EBITDA at $372.5 million, including a $202.6 million SRE impact. The company repurchased an additional $16.4 million of common stock in Q3 2025. The stock reached an all-time high closing price of $47.20 on December 1, 2025.

Demand for Par Pacific Holdings, Inc.'s refined products is influenced by seasonality. The company is positioned to meet the demand for a full spectrum of energy products, including during the summer demand season. Demand for transportation fuels like gasoline may increase during warmer months due to higher travel activity. The business's profitability is tied to the crack spread, which can be influenced by seasonal demand fluctuations.

Par Pacific Holdings, Inc., headquartered in Houston, Texas, operates in the Energy Minerals sector, focusing on oil refining and marketing. The company is divided into three segments: refining, retail, and logistics, targeting logistically complex, niche markets. Its products include fuels and refined products, sold through retail brands like Par Hawaii and 76. Par Pacific also holds a 46% stake in Laramie Energy, LLC.

Par Pacific Holdings, Inc. primarily operates in Hawaii, the Pacific Northwest, and the Rockies. In Hawaii, it has a 94,000 bpd refining capacity, a logistics system, and 90 retail locations. In the Pacific Northwest and Rockies, it owns a combined 60,000 bpd refining capacity, logistics systems, and 29 retail locations, supplying mainland markets through U.S. Oil operations in Tacoma, Washington, Wyoming Refining Company operations in Newcastle, Wyoming, and nom nom retail stations across Washington and Idaho.

In January 2024, Par Pacific's refineries in Washington and Wyoming received ENERGY STAR certification from the EPA. The Washington refinery achieved the lowest carbon intensity globally, according to the Solomon Energy Intensity Index. These achievements contribute positively to the company's brand reputation, highlighting its commitment to environmental performance and operational efficiency.

Institutional investors hold a significant majority of Par Pacific Holdings, Inc. Major institutional owners include Blackrock, Inc., Vanguard Group Inc., and State Street Corp. Overall institutional ownership is reported at 100.79% of total shares outstanding, while insider ownership is approximately 3.13%.