Par Pacific Holdings Inc Stock Research

Market Summary

USD21.37-0.31

Market Closed

-1.43%

PARR Stock Price

PARR RSI Chart

PARR Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

Price/Sales (Trailing)

0.2

EV/EBITDA

1.81

Price/Free Cashflow

3.64

PARR Price/Sales (Trailing)

PARR Profitability

EBT Margin

4.98%

Return on Equity

56.5%

Return on Assets

11.1%

Free Cashflow Yield

27.45%

PARR Fundamentals

PARR Revenue

Revenue (TTM)

7.3B

Revenue Y/Y

39.84%

Revenue Q/Q

-12.03%

PARR Earnings

Earnings (TTM)

364.2M

Earnings Y/Y

947.72%

Earnings Q/Q

-68.32%

Price Action

52 Week Range

13.7230.49

(Low)(High)

Last 7 days

-0.8%

Last 30 days

-8.8%

Last 90 days

-27.3%

Trailing 12 Months

27.7%

PARR Financial Health

Current Ratio

1.05

Debt/Equity

0.95

Debt/Cashflow

0.55

PARR Investor Care

Shares Dilution (1Y)

0.16%

Diluted EPS (TTM)

6.08

Peers (Alternatives to Par Pacific Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
EOG	70.4B	27.8B	-8.92%	-17.29%	9.08	2.74	46.65%	114.58%
OXY	60.4B	35.8B	-4.78%	-16.58%	4.68	1.64	21.97%	31.96%
DVN	49.8B	19.1B	-12.11%	-32.99%	9.45	2.71	21.85%	67.76%
PXD	48.5B	22.8B	-5.17%	-26.32%	6.87	2.13	8.58%	68.17%
FANG	23.5B	9.2B	-8.94%	-12.01%	5.39	2.57	14.20%	56.87%
APA	14.4B	11.9B	-12.51%	-31.65%	4.67	1.31	50.58%	232.96%
MID-CAP
OVV	8.1B	13.4B	-7.90%	-40.86%	1.86	0.6	15.65%	404.04%
RRC	6.6B	5.4B	4.16%	-23.83%	3.09	1.21	75.54%	3039.31%
MTDR	5.4B	3.1B	-8.24%	-27.05%	4.5	1.73	41.49%	59.32%
KOS	3.4B	2.0B	-5.16%	-23.93%	15.21	1.53	9.15%	2052.25%
CRK	2.6B	3.5B	-18.43%	-54.58%	1.88	0.73	74.35%	733.18%
CPE	1.9B	3.0B	-6.55%	-47.11%	1.37	0.63	59.93%	186.57%
OAS	-	3.9B	-	-	-	-	103.95%	100.98%
SMALL-CAP
PARR	1.5B	7.3B	-8.79%	27.66%	4	0.2	55.45%	547.97%
LPI	805.4M	1.7B	-8.19%	-35.44%	1.28	0.42	2.66%	522.62%

Financials for Par Pacific Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	7.6%	7,322	6,806	6,061	5,172	4,710
S&GA Expenses	5.6%	62.00	59.00	55.00	52.00	48.00
EBITDA	17.4%	533	454	266	4.00	-
EBITDA Margin	9.1%	0.07*	0.07*	0.04*	0.00*	-
Earnings Before Taxes	26.6%	365	288	103	-155	-80.28
EBT Margin	17.7%	0.05*	0.04*	0.02*	-0.03*	-
Interest Expenses	1.6%	68.00	67.00	66.00	65.00	66.00
Net Income	26.6%	364	288	102	-156	-81.30
Net Income Margin	17.7%	0.05*	0.04*	0.02*	-0.03*	-
Free Cahsflow	66.3%	400	240	-46.33	-42.26	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.6%	3,281	3,107	3,245	2,920	2,570
Current Assets	8.2%	1,882	1,739	1,851	1,464	1,130
Cash Equivalents	20.0%	491	409	186	141	112
Inventory	13.9%	1,042	915	1,160	1,027	790
Goodwill	1.7%	129	127	127	127	127
Liabilities	3.0%	2,636	2,560	2,967	2,795	2,305
Current Liabilities	4.2%	1,794	1,722	2,110	1,829	1,356
Long Term Debt	-11.5%	520	587	565	-	-
LT Debt, Current	0.3%	11.00	11.00	11.00	11.00	11.00
LT Debt, Non Current	-0.5%	495	497	509	576	554
Shareholder's Equity	17.9%	645	547	279	126	266
Retained Earnings	29.7%	-200	-285	-552	-701	-559
Additional Paid-In Capital	0.9%	836	829	828	824	822
Shares Outstanding	0.1%	60.00	59.00	59.00	-	-

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	57.8%	452,606	286,837	-1,780	-4,570	-27,622
Share Based Compensation	-1.0%	9,353	9,452	9,862	9,937	8,165
Cashflow From Investing	-92.4%	-87,308	-45,389	-43,171	-36,323	74,628
Cashflow From Financing	139.8%	13,407	-33,662	58,800	-30,966	-1,094
Buy Backs	-3.7%	7,834	8,137	7,306	7,214	2,145

Risks for PARR

What is the probability of a big loss on PARR?

86.9%

Probability that Par Pacific Holdings stock will be more than 20% underwater in next one year

75%

Probability that Par Pacific Holdings stock will be more than 30% underwater in next one year.

25%

Probability that Par Pacific Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PARR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Par Pacific Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for PARR

Cumulative Returns on PARR

3.7%

10-Year Cumulative Returns

5.0%

7-Year Cumulative Returns

3.7%

5-Year Cumulative Returns

32.0%

3-Year Cumulative Returns

What are the long-term rolling returns for PARR?

FIve years rolling returns for Par Pacific Holdings.

Annualized Returns

Which funds bought or sold PARR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	new	-	212,255	212,255	-%
2023-05-25	Brandywine Global Investment Management, LLC	new	-	8,682,390	8,682,390	0.04%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-1.05	1,454,400	7,448,400	-%
2023-05-22	PUTNAM INVESTMENTS LLC	new	-	450,906	450,906	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-40.57	-406,000	1,193,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	110	7,397,000	11,881,000	-%
2023-05-17	Advisory Services Network, LLC	added	1,435	556,754	587,212	0.02%
2023-05-17	Thrivent Financial for Lutherans	reduced	-0.99	1,103,000	5,633,000	0.01%
2023-05-16	CAROLINAS WEALTH CONSULTING LLC	unchanged	-	130	642	-%
2023-05-16	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	reduced	-20.43	-2,109	2,880,050	0.07%

Latest Funds Activity

Are funds buying PARR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PARR

No. of Funds

Par Pacific Holdings News

Schedule 13G FIlings of Par Pacific Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	8.02%	4,838,289	SC 13G/A
Feb 07, 2023	state street corp	6.08%	3,666,319	SC 13G
Jan 23, 2023	blackrock inc.	13.4%	8,073,948	SC 13G/A
Aug 02, 2022	chai trust co llc	5.6%	3,348,430	SC 13D/A
Jul 21, 2022	chai trust co llc	6.7%	4,024,828	SC 13D/A
Jul 08, 2022	chai trust co llc	8.7%	5,259,039	SC 13D/A
Jun 28, 2022	chai trust co llc	9.8%	5,905,781	SC 13D/A
Jun 07, 2022	chai trust co llc	10.9%	6,578,467	SC 13D/A
May 26, 2022	chai trust co llc	12.5%	7,517,816	SC 13D/A
May 13, 2022	chai trust co llc	13.7%	8,221,016	SC 13D/A

PARR Fair Value

Show Fair-Value

Recent SEC filings of Par Pacific Holdings

View All Filings

Date Filed	Form Type	Document
May 30, 2023	3	Insider Trading
May 18, 2023	8-K	Current Report
May 08, 2023	8-K	Current Report
May 05, 2023	10-Q	Quarterly Report
May 04, 2023	8-K	Current Report
May 02, 2023	8-K	Current Report
Apr 26, 2023	4	Insider Trading
Apr 06, 2023	4	Insider Trading
Apr 06, 2023	4	Insider Trading
Apr 06, 2023	4	Insider Trading

Latest Insider Trading transactions for PARR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-25	Creamer Richard	sold (taxes)	-24,141	23.08	-1,046	see remarks
2023-04-05	Cooper L Melvin	acquired	-	-	881	-
2023-04-05	DODS WALTER A JR	acquired	-	-	881	-
2023-04-05	ANASTASIO CURT	acquired	-	-	853	-
2023-04-05	Clossey Timothy	acquired	-	-	881	-
2023-04-05	Hatcher Katherine	acquired	-	-	881	-
2023-04-05	Davidson Phillip S	acquired	-	-	853	-
2023-03-03	Cooper L Melvin	sold	-59,700	29.85	-2,000	-
2023-02-28	Guerra Ivan Daniel	sold	-212,100	28.28	-7,500	chief accounting officer
2023-02-27	Monteleone William	sold	-386,064	28.41	-13,589	president

About Par Pacific Holdings

William C. Pate

www.parpacific.com

1340

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Retail segment operates 119 fuel retail outlets, which sell merchandise, such as soft drinks, prepared foods, and other sundries in Hawaii under the Hele, 76, and nomnom brands; and gasoline, diesel, and retail merchandise in Washington and Idaho under the Cenex, nomnom, and Zip Trip brand names. The Logistics segment owns and operates terminals, pipelines, a single point mooring, and trucking operations to distribute refined products throughout the island of Oahu, Maui, Hawaii, Molokai, and Kauai. It also leases marine vessels; owns and operates a crude oil pipeline gathering system, a refined products pipeline, storage facilities, and loading racks in Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. In addition, this segment owns and operates a marine terminal, a unit train-capable rail loading terminal, storage facilities, a truck rack, and a proprietary pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.

PARR Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues	$ 1,685,209	$ 1,350,293
Operating expenses
Cost of revenues (excluding depreciation)	1,289,020	1,350,249
Operating expense (excluding depreciation)	83,120	81,404
Depreciation and amortization	24,360	23,780
General and administrative expense (excluding depreciation)	19,286	15,893
Acquisition and integration costs	5,271	63
Par West redevelopment and other costs	2,750	0
Total operating expenses	1,423,807	1,471,389
Operating income (loss)	261,402	(121,096)
Other income (expense)
Interest expense and financing costs, net	(16,250)	(16,394)
Debt extinguishment and commitment costs	(17,720)	0
Other income (loss), net	(35)	2
Equity earnings from Laramie Energy, LLC	10,706	0
Total other expense, net	(23,299)	(16,392)
Income (loss) before income taxes	238,103	(137,488)
Income tax benefit (expense)	(213)	437
Net income (loss)	$ 237,890	$ (137,051)
Income (loss) per share
Basic (in dollars per share)	$ 3.96	$ (2.31)
Diluted (in dollars per share)	$ 3.90	$ (2.31)
Weighted-average number of shares outstanding
Basic (in shares)	60,111	59,413
Diluted (in shares)	61,047	59,413

PARR Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 661,316	$ 490,925
Restricted cash	4,002	4,001
Total cash, cash equivalents, and restricted cash	665,318	494,926
Trade accounts receivable, net of allowances of $0.3 million and $0.3 million at March 31, 2023 and December 31, 2022, respectively	277,700	252,885
Inventories	929,574	1,041,983
Prepaid and other current assets	76,127	92,043
Total current assets	1,948,719	1,881,837
Property, plant, and equipment
Property, plant, and equipment	1,237,640	1,224,567
Less accumulated depreciation and amortization	(406,121)	(388,733)
Property, plant, and equipment, net	831,519	835,834
Long-term assets
Operating lease right-of-use assets	341,292	350,761
Intangible assets, net	12,912	13,577
Goodwill	129,275	129,325
Other long-term assets	63,715	69,313
Total assets	3,327,432	3,280,647
Current liabilities
Current maturities of long-term debt	3,747	10,956
Obligations under inventory financing agreements	871,562	893,065
Accounts payable	188,086	151,395
Accrued taxes	32,281	32,099
Operating lease liabilities	66,529	66,081
Other accrued liabilities	410,150	640,494
Total current liabilities	1,572,355	1,794,090
Long-term liabilities
Long-term debt, net of current maturities	530,574	494,576
Finance lease liabilities	6,670	6,311
Operating lease liabilities	281,471	292,701
Other liabilities	48,369	48,432
Total liabilities	2,439,439	2,636,110
Commitments and contingencies
Stockholders’ equity
Preferred stock, $0.01 par value: 3,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value; 500,000,000 shares authorized at March 31, 2023 and December 31, 2022, 61,029,446 shares and 60,470,837 shares issued at March 31, 2023 and December 31, 2022, respectively	610	604
Additional paid-in capital	842,062	836,491
Accumulated earnings (deficit)	37,203	(200,687)
Accumulated other comprehensive income	8,118	8,129
Total stockholders’ equity	887,993	644,537
Total liabilities and stockholders’ equity	$ 3,327,432	$ 3,280,647