Par Pacific Holdings, Inc. (NYSE: PARR) Q4 2025 Earnings Preview

Par Pacific Holdings, Inc. (NYSE: PARR) is a company involved in refining, logistics, and retail operations. It operates primarily in Hawaii, Washington, and Wyoming. The company is set to release its fourth-quarter 2025 earnings on February 24, 2026, after market close. Analysts expect earnings per share (EPS) to be $1.21, with revenue projected at $1.71 billion. The anticipated EPS of $1.21 represents a significant 253% year-over-year growth. This increase is attributed to improved refining margins, likely due to lower crude prices in the fourth quarter compared to 2024.

Par Pacific’s previous quarter earnings (Q3 2025) were $5.95 per share, surpassing the Zacks Consensus Estimate of $1.98. Par Pacific has a history of exceeding earnings expectations, having done so three times in the last four quarters with an average surprise of 77.5%. The company holds a Zacks Rank #3 and a 1.25% Earnings ESP, indicating a potential earnings beat.

However, despite the expected increase in earnings, a decline in revenues is anticipated for the quarter ending December 2025 (projected at $1.71 billion). The stock market reflects Par Pacific’s performance, with shares opening at $42.15 on Monday, February 23, 2026.

The company has a market capitalization of $2.16 billion and a price-to-earnings ratio of 9.03. The stock’s 50-day moving average is $38.15, while the 200-day moving average is $37.27. Par Pacific’s stock has seen a 52-week low of $11.86 and a high of $48.40.