The beat and strong operational momentum, especially the Hawaii renewable fuels startup, should drive positive price action. Monitor the Montana index and potential reversal of the price lag impact in coming quarters. The elevated margin environment and share repurchase support further upside.
Price Chart
Executive Summary
Par Pacific reported a strong Q1 2026 beat with GAAP EPS of $1.10 vs consensus $1.04, driven by a sharp improvement in refining margins and record Hawaii throughput. Revenue grew 4.5% YoY to $1.82B, and the company swung from a net loss to net income of $54.5M. The Hawaii renewable fuels facility achieved commercial operations in April, and the company repurchased $28M of stock.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $1.10 vs consensus $1.04 (beat by ~5.8%)
- Net income attributable to common $54.5M vs loss of $(30.4M) in Q1 2025
- Revenue $1.82B vs $1.75B YoY, up 4.5%
- Refining segment operating income $56.3M vs loss of $(24.7M) in prior year
- Record quarterly Hawaii refining throughput of 89.8 Mbpd
- Hawaii renewable fuels facility began commercial operations in April 2026
- Repurchased $28M of common stock at average price $37.96
- Total liquidity $937.7M at quarter end
- Large negative price lag impact of $(125.5M) in Hawaii that is expected to reverse
Financial Impact
EPS beat of ~$0.06 vs consensus, revenue growth 4.5% YoY, and swing from loss to profit of ~$85M
Risk Factors
- Reversal of the large price lag impact could pressure future refining margins
- Retail segment declined slightly (same-store fuel volumes -3.3%)
- Crude oil price volatility and geopolitical risks
- Washington refinery throughput dropped significantly due to maintenance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-030714 |
| Document: parr-20260505.htm | 0001628280-26-030714 |
| Document: 0001628280-26-030714-index-headers.html | 0001628280-26-030714 |
| Document: 0001628280-26-030714-index.html | 0001628280-26-030714 |
| Document: 0001628280-26-030714.txt | 0001628280-26-030714 |
| 8-K Data (Synthetic) | 0001628280-26-030714 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 29d ago | Press Release | $77.97 $87.52 | ▲ +12.25% | ▲ +11.04% | $75.88 (−2.69%) |
Sep 15, 2026 5w ago | Insider Cluster | $84.90 $76.97 | ▼ −9.34% | ▼ −11.17% | $75.88 (−10.63%) |
Sep 11, 2026 6w ago | Insider Cluster | $81.70 $82.00 | ▼ −0.37% | ▼ −0.26% | $75.88 (+7.13%) |
Aug 26, 2026 8w ago | Institutional Cluster | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | $75.88 (+0.14%) |
Aug 25, 2026 8w ago | Press Release | $75.77 $80.16 | ▲ +5.79% | ▲ +5.91% | $75.88 (+0.14%) |
Aug 19, 2026 9w ago | Insider Cluster | $72.45 $77.04 | ▲ +6.34% | ▲ +5.22% | $75.88 (+4.73%) |
Aug 18, 2026 9w ago | Insider Cluster | $77.13 $75.77 | ▼ −1.76% | ▼ −1.38% | $75.88 (−1.63%) |
Aug 11, 2026 11w ago | Insider Cluster | $75.47 $80.51 | ▼ −6.68% | ▼ −7.08% | $75.88 (−0.54%) |
Aug 4, 2026 11w ago | Press Release | $69.92 $77.78 | ▲ +11.24% | ▲ +10.89% | $75.88 (+8.52%) |
May 11, 2026 24w ago | Press Release | $63.08 $58.79 | ▼ −6.80% | ▼ −6.88% | $75.88 (+20.28%) |
US Market Status
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