NYSE$PARR

Par Pacific Holdings Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Par Pacific reported Q4 2025, revenue of $1.20B, net income of $77.7M, diluted EPS of $1.53.

For Q4 2025, Par Pacific reported revenue of $1.20B, net income of $77.7M, diluted EPS was $1.53. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $1.20B.
  • Net income $77.7M.
  • Diluted EPS $1.53.

Headline financials

Total Revenue

$1.2B

Previous: $1.83B-34.5%
EPS (adj)

$1.53

Previous: -$0.79+293.7%
Total Refining Throughput

190.9K

Previous: 187.8K+1.7%
Refined Product Sales

198.8K

Previous: 199.4K-0.3%
Refining Adj GM per Bbl

$12.19

Previous: $5.35+127.9%
Refining Production Cost/Bbl

$7.00

Previous: $6.59+6.2%
Hawaii Throughput

87.1K

Previous: 83.3K+4.6%
Hawaii Adj GM/Bbl

$15.95

Previous: $7.36+116.7%
Hawaii Production Cost/Bbl

$4.15

Previous: $4.42-6.1%
Montana Adj GM/Bbl

$8.03

Previous: $3.70+117.0%
Montana Production Cost/Bbl

$11.74

Previous: $10.48+12.0%
Washington Throughput

37.0K

Previous: 39.0K-5.1%
Washington Adj GM/Bbl

$8.32

Previous: $1.05+692.4%
Washington Production Cost/Bbl

$4.57

Previous: $4.34+5.3%
Wyoming Throughput

14.4K

Previous: 13.6K+5.9%
Wyoming Adj GM/Bbl

$10.41

Previous: $11.11-6.3%
Wyoming Production Cost/Bbl

$13.27

Previous: $11.49+15.5%
Retail Fuel Volumes

30.8M

Previous: 30.3M+1.7%
Net Income

$77.7M

Previous: -$55.7M+239.5%
Operating Income

$99.3M

Previous: -$47M+311.4%

Revenue & EPS history

Par Pacific · Revenue · Quarterly

$1.2B

Q4 2025-34.5%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

The release discusses Par Pacific's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Par Pacific cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.9%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+3.0%

Avg return

30 days after

38%

20 / 53 earnings

Positive

+25.5%

Q3 2020

Best reaction

-16.2%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.0%-6.9%-19.7%
Q4 2025-6.2%+12.3%+60.1%
Q3 2025-7.2%+6.9%+7.8%
Q1 2025+10.6%+23.0%+43.9%
Q4 2024-9.7%-14.4%-7.6%
Q3 2024-3.2%+3.4%+4.0%
Q2 2024+2.2%+3.5%-13.3%
Q1 2024-3.5%-5.0%-19.0%
Q4 2023-9.6%-11.0%-8.2%
Q3 2023-0.1%+1.2%+1.2%
Q2 2023+8.8%+14.9%+10.6%
Q1 2023-5.6%-7.1%-0.8%
Q4 2022+0.8%+7.5%+7.7%
Q3 2022+0.7%+1.5%-0.4%
Q2 2022+10.3%+19.4%+11.4%
Q1 2022-8.0%-14.3%+12.1%
Q4 2021-5.5%-8.2%-16.8%
Q3 2021-0.8%+3.7%-12.5%
Q2 2021-13.5%-11.2%-11.6%
Q1 2021-8.0%-13.4%-7.8%
Q4 2020+2.7%+6.1%-20.1%
Q3 2020+25.5%+29.5%+97.7%
Q2 2020+9.7%+15.2%+5.9%
Q1 2020-8.1%-3.9%+16.6%
Q4 2019-7.6%-10.8%-55.7%
Q3 2019+6.1%+6.4%+2.8%
Q2 2019-2.2%-3.1%-3.8%
Q1 2019-2.1%+5.2%-0.0%
Q4 2018-1.5%-1.5%+8.0%
Q3 2018+0.1%-6.2%-2.4%
Q2 2018+1.3%+0.3%+18.0%
Q1 2018-1.3%-1.2%+3.5%
Q4 2017+9.8%+8.1%+2.4%
Q3 2017-5.2%-9.2%-3.6%
Q2 2017-4.9%-2.4%+0.9%
Q1 2017+0.0%-1.1%-0.4%
Q4 2016+5.9%+5.2%+11.0%
Q3 2016+6.3%+7.8%+15.1%
Q2 2016-10.7%-15.1%-18.1%
Q1 2016-10.3%
Q4 2015-16.2%
Q3 2015+3.0%
Q2 2015+14.5%
Q1 2015-4.4%
Q4 2014+7.0%
Q3 2014-4.7%
Q2 2014-0.2%
Q1 2014-5.2%
Q4 2013-5.2%
Q3 2013-6.9%
Q2 2013+0.0%
Q1 2013+8.5%
Q4 2012+7.6%
Q4 2009
Q1 2012
Q2 2012
Q4 2011
Q1 2011
Q3 2010
Q3 2011
Q2 2010
Q2 2011
Q4 2010
Q1 2010

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