Par Pacific Holdings, Inc. Common Stock
PARRPar Pacific Holdings, Inc. (PARR) is a downstream energy company engaged in refining, marketing, and distributing petroleum products. The company operates refineries, pipelines, and retail outlets, primarily serving markets in Hawaii, Alaska, and the mainland United States. It focuses on producing and delivering fuel, including gasoline, diesel, and jet fuel, along with other petroleum-based products.
Company News
The article compares two independent refiners: Delek US and Par Pacific. Delek US operates four refineries across Texas, Arkansas, and Louisiana with a 63.3% stake in Delek Logistics, but faces high leverage (11.7x debt-to-equity), declining revenue, and regulatory uncertainty. Par Pacific operates four facilities across the Pacific Northwest and...
Par Pacific Holdings announced the pricing of $500 million in 7.375% senior unsecured notes due 2034. The offering is expected to close on May 14, 2026, with proceeds intended to repay and terminate the company's existing term loan due 2030. The notes will be guaranteed by Par Pacific and its subsidiaries.
Gasoline prices surged 21.2% in March 2026, the largest monthly increase since 1967, driven by disruptions to oil flows through the Strait of Hormuz due to the Iran war. National average gas prices jumped from $2.98 to $4.15 per gallon in six weeks. Goldman Sachs upgraded several refiner stocks as beneficiaries of elevated crack spreads and tight...
U.S. gasoline prices surged to $4.02 per gallon and diesel hit $5.45, driven by Iran war disruptions at the Strait of Hormuz. Oil refiners are capitalizing on widened crack spreads (now ~$47/barrel vs. $20 pre-war), with refiner stocks posting exceptional gains. The VanEck Oil Refiners ETF (CRAK) is up 29% YTD on a 14-week winning streak, while i...
Par Pacific reported strong Q2 2025 financial results, with non-GAAP EPS of $1.54 significantly beating analyst estimates. The company saw record refinery throughput in Hawaii, steady retail and logistics growth, and continued focus on share repurchases and renewable energy initiatives.
