Par Pacific (PARR)
Market Price (11/9/2025): $41.15 | Market Cap: $2.0 BilSector: Energy | Industry: Oil & Gas Refining & Marketing
Par Pacific (PARR)
Market Price (11/9/2025): $41.15Market Cap: $2.0 BilSector: EnergyIndustry: Oil & Gas Refining & Marketing
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 8.2% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% |
| Weak multi-year price returns2Y Excs Rtn is -28%, 3Y Excs Rtn is -0.4% | Stock price has recently run up significantly6M Rtn6 month market price return is 130%, 12M Rtn12 month market price return is 155% | |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg QQuarterly Revenue Change % is -6.1% | ||
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 137% |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4%, FCF Yield is 8.2% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -28%, 3Y Excs Rtn is -0.4% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 130%, 12M Rtn12 month market price return is 155% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg QQuarterly Revenue Change % is -6.1% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 137% |
Market Valuation & Key Metrics
PARR Stock
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PARR Return | -40% | 18% | 41% | 56% | -55% | 151% | 77% |
| Peers Return | -29% | 21% | 59% | 14% | -9% | 49% | 110% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| PARR Win Rate | 33% | 42% | 50% | 75% | 33% | 80% | |
| Peers Win Rate | 32% | 42% | 60% | 42% | 32% | 65% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| PARR Max Drawdown | -74% | -8% | -28% | -11% | -59% | -25% | |
| Peers Max Drawdown | -54% | -4% | 0% | -13% | -14% | -17% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: DK, DLXY, MPC, PSX, VLO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/7/2025 (YTD)
How Low Can It Go
| Event | PARR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.1% | -25.4% |
| % Gain to Breakeven | 67.0% | 34.1% |
| Time to Breakeven | 83 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -74.2% | -33.9% |
| % Gain to Breakeven | 287.3% | 51.3% |
| Time to Breakeven | 952 days | 148 days |
| 2018 Correction | ||
| % Loss | -35.3% | -19.8% |
| % Gain to Breakeven | 54.5% | 24.7% |
| Time to Breakeven | 191 days | 120 days |
Compare to DK, DLXY, MPC, PSX, VLO
In The Past
Par Pacific's stock fell -40.1% during the 2022 Inflation Shock from a high on 3/11/2021. A -40.1% loss requires a 67.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | Topic | Date | |
|---|---|---|---|
| DASHBOARDS | |||
| Par Pacific Earnings Notes | |||
| Par Pacific Stock Up 10%, Buy Or Wait? | Return | ||
| Par Pacific (PARR) Operating Cash Flow Comparison | Financials | ||
| Par Pacific (PARR) Net Income Comparison | Financials | ||
| Par Pacific (PARR) Operating Income Comparison | Financials | ||
| Par Pacific (PARR) Debt Comparison | Financials | ||
| Par Pacific (PARR) Tax Expense Comparison | Financials | ||
| Par Pacific (PARR) EBITDA Comparison | Financials | ||
| Par Pacific (PARR) Revenue Comparison | Financials | ||
| Why Par Pacific Stock Moved: PARR Stock Has Gained 151% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S) | |||
| ARTICLES | |||
| PARR Stock Up 32% after 7-Day Win Streak | July 12th, 2025 | ||
| PARR Stock Up 31% after 6-Day Win Streak | July 11th, 2025 |
Trade Ideas
Select past ideas related to PARR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.0% | 8.0% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -0.9% | -0.9% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 25.5% | 25.5% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.0% | -2.0% | -5.7% |
| 10102025 | SLB | SLB | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 15.6% | 15.6% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.0% | 8.0% | 0.0% |
| 10102025 | COP | ConocoPhillips | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -0.9% | -0.9% | -2.3% |
| 10102025 | HAL | Halliburton | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 25.5% | 25.5% | -0.7% |
| 10102025 | OXY | Occidental Petroleum | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -2.0% | -2.0% | -5.7% |
| 10102025 | SLB | SLB | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 15.6% | 15.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Par Pacific
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 89.69 |
| Mkt Cap | 54.3 |
| Rev LTM | 123,071 |
| Op Inc LTM | 1,718 |
| FCF LTM | 1,351 |
| FCF 3Y Avg | 4,069 |
| CFO LTM | 3,408 |
| CFO 3Y Avg | 6,060 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -10.1% |
| Rev Chg 3Y Avg | -8.3% |
| Rev Chg Q | -2.9% |
| QoQ Delta Rev Chg LTM | -0.8% |
| Op Mgn LTM | 2.5% |
| Op Mgn 3Y Avg | 5.3% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 3.9% |
| CFO/Rev 3Y Avg | 4.7% |
| FCF/Rev LTM | 2.2% |
| FCF/Rev 3Y Avg | 3.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 54.3 |
| P/S | 0.4 |
| P/EBIT | 8.5 |
| P/E | 20.4 |
| P/CFO | 7.9 |
| Total Yield | 6.1% |
| Dividend Yield | 2.5% |
| FCF Yield 3Y Avg | 11.7% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.1% |
| 3M Rtn | 26.1% |
| 6M Rtn | 45.3% |
| 12M Rtn | 32.7% |
| 3Y Rtn | 50.6% |
| 1M Excs Rtn | 11.2% |
| 3M Excs Rtn | 22.2% |
| 6M Excs Rtn | 26.4% |
| 12M Excs Rtn | 21.0% |
| 3Y Excs Rtn | -18.3% |
Segment Financials
Revenue by Segment
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Refining | 7,969 | 7,046 | 4,471 | 2,887 | 5,168 |
| Retail | 592 | 570 | 456 | 364 | 459 |
| Logistics | 261 | 199 | 185 | 181 | 199 |
| Corporate, Eliminations and Other | -591 | -493 | -402 | -306 | -425 |
| Total | 8,232 | 7,322 | 4,710 | 3,125 | 5,402 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Refining | 676 | 402 | -89 | -332 | 94 |
| Logistics | 70 | 54 | 51 | 35 | 59 |
| Retail | 57 | 49 | 81 | 24 | 49 |
| Corporate, Eliminations and Other | -123 | -67 | -51 | -45 | -54 |
| Total | 680 | 438 | -8 | -318 | 148 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Refining | 2,905 | 2,580 | 1,929 | 1,479 | 1,907 |
| Logistics | 530 | 412 | 398 | 445 | 494 |
| Retail | 257 | 244 | 228 | 193 | 232 |
| Corporate, Eliminations and Other | 172 | 44 | 15 | 17 | 67 |
| Total | 3,864 | 3,281 | 2,570 | 2,134 | 2,701 |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | -7.2% | ||
| 8/6/2025 | 0.1% | 6.4% | 25.1% |
| 5/7/2025 | 6.0% | 17.7% | 30.1% |
| 2/26/2025 | -9.7% | -19.1% | -7.8% |
| 11/5/2024 | 9.5% | 10.9% | 7.6% |
| 8/6/2024 | 1.7% | -2.3% | -13.7% |
| 2/28/2024 | -8.9% | -12.6% | -9.2% |
| 11/7/2023 | -1.1% | 5.9% | 1.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 12 | 13 |
| # Negative | 12 | 11 | 10 |
| Median Positive | 5.6% | 7.3% | 7.6% |
| Median Negative | -3.0% | -10.8% | -11.9% |
| Max Positive | 23.3% | 29.5% | 84.5% |
| Max Negative | -11.7% | -19.1% | -52.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11052025 | 10-Q 9/30/2025 |
| 6302025 | 8062025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2282025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5082024 | 10-Q 3/31/2024 |
| 12312023 | 2292024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |