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Par Pacific Holdings, Inc. PARR Q4 2025 Annual earnings

Reported February 24, 2026 · After market close

Revenue$1.8BBeat by $136.0M
EPS$1.17Miss by $0.04
Revenue estimate$1.7B
EPS estimate$1.21

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$2.4B
EPS estimate$8.20

Financials

Q4 2025

Income statement

See full
Revenue$1.8B-1.0%
Gross profit$310.0M+101%
Operating income$99.3M—
Net income$77.7M+240%
EPS (diluted)$1.54+257%

Balance sheet

See full
Cash & equivalents$164.5M-14.5%
Total debt$1.2B-21.7%
Total equity$1.5B+26.9%
Total assets$3.8B+0.1%

Cash flow

See full
Operating cash flow$93.8M—
CapEx$27.5M-42.2%
Free cash flow$66.3M+205%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$1.77B+92.7%
Enterprise value$2.83B+23.5%
P/E4.8×—
P/S0.2×+0.1×

Profitability

See full
Gross margin18.1%+7.2pp
Operating margin7.2%—
Net margin4.9%+4.6pp
FCF margin4%+3.5pp

Returns & leverage

See full
Return on equity27.3%+25.1pp
Debt / equity0.8×-0.5×
Current ratio1.6×0.0×

Segments

By product

See full
Distillates$763.0M+4.7%
Gasoline$707.4M-0.9%
Other refined products$348.8M0.0%
Transportation and terminalling services$73.7M-4.9%
Other Revenues$45.7M-51.2%

By segment

See full
Refining$1.7B-1.2%
Retail$142.3M+0.5%
Logistics$73.7M-4.9%

Versus estimates

Revenue

Q1 2026$1.8BBeat by $39.6M
Q4 2025$1.8BBeat by $136.0M
Q3 2025$2.0BBeat by $335.7MQ2 2025$1.9BBeat by $201.0MQ1 2025$1.7BBeat by $265.3MQ4 2024$1.8BBeat by $152.7M

Diluted EPS

Q1 2026$0.78Miss by $0.21
Q4 2025$1.17Miss by $0.04
Q3 2025$5.95Beat by $3.97Q2 2025$1.54Beat by $0.80Q1 2025-$0.94Miss by $0.17Q4 2024-$0.79Miss by $0.64

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Questions, answered.

When did Par Pacific Holdings, Inc. report Q4 2025 earnings?
Par Pacific Holdings, Inc. (PARR) reported Q4 2025 earnings on February 24, 2026 after market close.
What were Par Pacific Holdings, Inc.'s Q4 2025 revenue and EPS?
Par Pacific Holdings, Inc. reported revenue of $1.8B and eps of $1.17 for Q4 2025.
Did Par Pacific Holdings, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $1.7B by $136.0M. EPS missed the consensus estimate of $1.21 by $0.04.
How did Par Pacific Holdings, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.0% from $1.8B a year earlier.
Where can I find Par Pacific Holdings, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-011234) and the 10-K periodic report (0000821483-26-000005) directly on SEC EDGAR. The filing index links above go to sec.gov.