Par Pacific Q1 revenue beats estimates but Adjusted EPS misses

Par Pacific Holdings

05/05/2026 21:54

Overview

U.S. energy refiner's Q1 revenue rose and beat analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company repurchased $28 mln of stock and achieved record Hawaii refining throughput

Outlook

Company says it is well positioned to capitalize on elevated margin environment

Result Drivers

REFINING MARGINS AND THROUGHPUT - Higher adjusted gross margins and increased refining throughput, including record Hawaii volumes, drove segment operating income gains

HAWAII PRICE LAG IMPACT - Hawaii refinery margins were negatively affected by a net price lag due to contractual sales pricing lagging rapidly rising refined product prices

RETAIL SEGMENT DECLINE - Retail segment operating income, gross margin, and sales volumes declined from the prior year

Company press release: ID:nGNXjpTZN

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.82 bln
$1.77 bln (6 Analysts)
Q1 Adjusted EPS
Miss
$0.78
$0.81 (5 Analysts)
Q1 EPS
$1.10
Q1 Adjusted Net Income
Miss
$38.50 mln
$49.07 mln (5 Analysts)
Q1 Net Income
$46.15 mln
Q1 Adjusted EBITDA
Miss
$91.50 mln
$99.86 mln (7 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

Wall Street's median 12-month price target for Par Pacific Holdings Inc is $62.00, about 8% below its May 4 closing price of $67.36

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)