Par Pacific Holdings, Inc. PARR is a Houston-based refining participant with a mixed refining capability of 219,000 barrels per day and operations unfold throughout Hawaii and the Pacific Northwest. The corporate additionally operates 119 retail places, together with a logistics enterprise section. Because the firm is primarily concerned within the refining enterprise, it’s worthwhile to evaluate whether or not the present refining setting is useful for Par Pacific.
Refining gamers have seen a major enhance in earnings in 2025 in contrast with the earlier yr, supported by sturdy refining margins all year long. In america, refining margins have considerably risen in 2025, pushed by tightened provide attributable to refinery upkeep and outages, in addition to rising demand for distillate fuels. Par Pacific additionally reported a major enhance in third-quarter 2025 refining earnings to $340.8 million, up from $19 million within the corresponding interval of 2024.
Administration has said that the market outlook seems optimistic for the fourth quarter as nicely. This means that the corporate is predicted to profit from a supportive macro refining setting in This autumn, doubtless attributable to tightening provide and demand dynamics and geopolitical tensions and sanctions. The corporate has additionally highlighted that the sturdy Singapore margin setting, partially pushed by geopolitical disruptions limiting crude flows into Asian international locations and better seasonal distillate demand, is useful for its distillate-oriented refineries.
Therefore, the present refining setting seems favorable for Par Pacific Holdings, and the corporate is well-positioned to proceed producing sturdy earnings within the close to time period.
PSX & VLO Are Two Different Main Refiners
Phillips 66 PSX and Valero Vitality Company VLO are two main refining gamers anticipated to profit from sturdy refining margins. Each PSX and VLO sport a Zacks Rank #1 (Robust Purchase).
Phillips 66 operates 11 refineries throughout america and Europe. The corporate recorded a 99% crude utilization price within the third quarter, the very best since 2018. Its refining outcomes profit from sturdy margins seen this yr. Additional, its involvement in different segments, together with midstream, renewables, and chemical substances, supplies earnings stability.
Valero Vitality boasts an intensive refinery community, with 15 refineries and a mixed throughput capability of three.2 million barrels per day. VLO’s diversified refinery base allows it to faucet into totally different markets and cater to a various vary of buyer wants.
PARR’s Worth Efficiency, Valuation & Estimates
Shares of PARR have surged 116.1% over the previous yr in contrast with the 15.3% enchancment of the composite shares belonging to the business.
Picture Supply: Zacks Funding Analysis
From a valuation standpoint, PARR trades at a trailing 12-month enterprise worth to EBITDA (EV/EBITDA) of 4.45X. That is above the broader business common of 4.36X.
Picture Supply: Zacks Funding Analysis
The Zacks Consensus Estimate for PARR’s 2025 earnings has seen downward revisions over the previous 30 days.
Picture Supply: Zacks Funding Analysis
Par Pacific at present carries a Zacks Rank #3 (Maintain). You’ll be able to see the entire checklist of right now’s Zacks #1 Rank shares right here.
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Valero Vitality Company (VLO) : Free Inventory Evaluation Report
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Par Pacific Holdings, Inc. (PARR) : Free Inventory Evaluation Report
This text initially printed on Zacks Funding Analysis (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
