Overview

* Par Pacific ( PARR ) Q3 revenue beats analyst expectations, driven by strong refining operations

* Adjusted EPS for Q3 exceeds analyst estimates, reflecting robust operational performance

* Company repurchased $16.4 mln of common stock

Outlook

* Par Pacific ( PARR ) plans to continue pursuing growth opportunities and share repurchases

* Company's financial position and outlook remain strong

Result Drivers

* SRE IMPACT - Small refinery exemption contributed approximately $200 mln to Adjusted Net Income and EBITDA

* REFINING PERFORMANCE - Strong refining operations increased operating income and adjusted gross margin, driven by SRE impact

* HAWAII JV CLOSURE - Closure of Hawaii Renewables joint venture provided $100 mln cash proceeds

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.01 $1.75

Revenue bln bln (6

Analysts

)

Q3 Beat $5.95 $1.89 (7

Adjusted Analysts

EPS )

Q3 EPS $5.16

Q3 Beat $302.60 $94.76

Adjusted mln mln (6

Net Analysts

Income )

Q3 Net $262.63

Income mln

Q3 Beat $372.50 $182.40

Adjusted mln mln (8

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

* Wall Street's median 12-month price target for Par Pacific Holdings Inc ( PARR ) is $39.00, about 5.7% below its November 3 closing price of $41.21

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)