Par Pacific Q3 adjusted profit surges above estimates on strong refining performance

Par Pacific Holdings

04/11/2025 21:55

Overview

Par Pacific Q3 revenue beats analyst expectations, driven by strong refining operations

Adjusted EPS for Q3 exceeds analyst estimates, reflecting robust operational performance

Company repurchased $16.4 mln of common stock

Outlook

Par Pacific plans to continue pursuing growth opportunities and share repurchases

Company's financial position and outlook remain strong

Result Drivers

SRE IMPACT - Small refinery exemption contributed approximately $200 mln to Adjusted Net Income and EBITDA

REFINING PERFORMANCE - Strong refining operations increased operating income and adjusted gross margin, driven by SRE impact

HAWAII JV CLOSURE - Closure of Hawaii Renewables joint venture provided $100 mln cash proceeds

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.01 bln
$1.75 bln (6 Analysts)
Q3 Adjusted EPS
Beat
$5.95
$1.89 (7 Analysts)
Q3 EPS
$5.16
Q3 Adjusted Net Income
Beat
$302.60 mln
$94.76 mln (6 Analysts)
Q3 Net Income
$262.63 mln
Q3 Adjusted EBITDA
Beat
$372.50 mln
$182.40 mln (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "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 $39.00, about 5.7% below its November 3 closing price of $41.21

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX9sfdcl

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