PARR Earnings Prediction
The chart below shows how PARR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PARR sees a +2.87% change in stock price 10 days leading up to the earnings, and a +0.63% change 10 days following the report. On the earnings day itself, the stock moves by -0.49%. This data can give you a slight idea of what to expect for the next quarter's release.
PARR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.83B
-16.09%
-14.54%
Gross Margin
-1.14%
-112.68%
-140.86%
Operating Margin
-2.31%
-129.50%
-232.76%
Net Margin
-3.04%
-140.70%
-968.57%
EPS
-1.01
-121.17%
-876.92%
No Data Available
PARR Earnings Analysis
Par Pacific Holdings Inc Corporation (PARR.N) Earnings Conference Call
Positive
Strong Financial Performance: 2024 adjusted EBITDA was $239 million and adjusted net income was $0.37 per share, indicating strong financial performance.
Record Refining Throughput: Operational performance was strong with a record refining throughput and improvements in personal and process safety.
Retail Segment EBITDA Success: Record logistics and retail adjusted EBITDA were achieved, showcasing the strength of the retail segment.
Hawaii Refining Performance: The Hawaii Refining business unit performed strongly, contributing positively to overall results.
Retail Segment Performance: The retail segment's adjusted EBITDA was up over 10% from 2023, with in-store gross margins growing 11%.
New Industry Site Success: Successful new to industry sites in Hawaii and the Pacific Northwest bolstered full year contributions.
Earnings Enhancement Initiatives: The company is focused on executing key projects that will enhance earnings power, including the startup of the Hawaii SAF unit in 2025.
Strategic Financial Positioning: The balance sheet remains well positioned, allowing for strategic investments and share repurchases, with nearly 5 million shares repurchased at attractive prices.
Refining and Logistics Performance: Refining and logistics delivered an annual system-wide throughput of 187,000 barrels per day, with excellent HSE and reliability performance.
Logistics Segment EBITDA Record: The Logistics segment achieved a quarterly record adjusted EBITDA of $33 million, driven by higher system utilization and lower operating costs.
Negative
Decline in Adjusted EBITDA: Adjusted EBITDA for Q4 was only $11 million, a significant drop from previous quarters, indicating financial struggles.
Refining Segment EBITDA Decline: The Refining segment reported an adjusted EBITDA loss of $22 million in Q4, compared to a profit of $20 million in Q3, highlighting declining performance.
Operational Challenges in Wyoming: Wyoming throughput was only 14,000 barrels per day with production costs at $11.49 per barrel, indicating inefficiencies and operational challenges.
Margin Capture Analysis: Montana's margin capture was only 64%, reflecting higher asphalt sales mix and seasonal discounting, which negatively impacted profitability.
Negative Barrel Performance: The Washington Index averaged negative $0.62 per barrel, indicating poor performance in that region compared to other segments.
Cash Flow Challenges: Net cash used in operations during Q4 was $16 million, suggesting cash flow issues despite a working capital inflow.
Investing Activities Cash Flow: Cash used in investing activities totaled $48 million, indicating high capital expenditures that may not yield immediate returns.
Operational Disruptions Impact: The company experienced a crude furnace incident in Wyoming, leading to idling of the refinery and operational disruptions, which could affect future performance.
PARR FAQs
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PARR Earning Call Sentiment
Par Pacific Holdings, Inc. (PARR) Q4 2024 Earnings Call Transcript
PARR.N
1.15%Positive
The earnings call highlights several concerns: a significant decline in adjusted EBITDA and net income, particularly in the refining segment, and a loss in Q4. Despite some positive aspects, such as high logistics EBITDA and share repurchases, the market is likely to react negatively to the overall financial performance, especially given the uncertainty in insurance coverage and the lack of clear guidance. The market cap suggests a moderate reaction, leading to a predicted stock price movement in the negative range (-2% to -8%).
