Par Pacific Holdings Inc. Common Stock (PARR)

FairStock Score: 77/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Par Pacific as a cyclical refiner and marketer, not a steady compounder. The business owns refineries, logistics, and retail outlets, which can create local advantages, but refining margins are volatile and the competitive moat is limited. The latest filed results show why FairStock classifies it as a TURNAROUND - Returned to profit after a loss within the last 3 years. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $3.0B, net income $462.1M, and diluted EPS $9.35. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $1.9B, net income $59.5M, and diluted EPS $1.17. In fiscal year 2025, the period ended 2025-12-31, net income was $369.4M after a net loss of $33.3M in fiscal year 2024, the period ended 2024-12-31. That is a sharp recovery, though net income of $728.6M in fiscal year 2023, the period ended 2023-12-31, reminds me that earnings can swing enormously. On FairStock calculations tied to the 2026-10-13 close of $89.88, the P/E is 5.27, P/B 2.23, EV/EBITDA 4.14, and FCF yield 9.2%. The Graham Number is $124.19, suggesting a 27.63% margin of safety. Debt/equity is 0.56, Altman Z-score 2.80, Piotroski 7/9, and ROE 53.49%. Low trailing P/E and high FCF yield can be value signals, but for a refiner they may also signal peak earnings. The stock is near the top of its 52-week range of $33.83-$90.17, so optimism is partly priced in. I see a financially improving, cash-generative turnaround with cheap-looking trailing metrics, but I would demand a margin of safety because commodity refining profits are not durable.

In plain English: Par Pacific runs refineries and sells fuel through retail and logistics operations. It earned far more in its latest reported quarter and returned to profit in 2025 after a loss in 2024, so the business looks much stronger lately. The stock price looks inexpensive compared with recent profits and cash flow, but it has already climbed close to its 52-week high.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer