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MARKETS / NYSE / PARR
NYSE · CRUDE PETROLEUM & NATURAL GAS · LARGE CAP

PAR Pacific Holdings, Inc. PARR

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$7.5B
▼ 6.4% YoY
$369.4M
$296.5M
In brief

What this company does

Par Pacific Holdings, Inc., headquartered in Houston, Texas, provides both renewable and conventional fuels to the western United States. Its business is organized into three primary segments: Refining, Retail and Logistics. Its Refining segment owns and operates refineries in Hawaii, Wyoming, Washington and Montana with total operating crude oil throughput capacity of 219 Mbpd; during 2025 these refineries processed 187.8 Mbpd of crude oil and sold 199.1 Mbpd of refined products. Its Retail segment operates fuel retail outlets in Hawaii, Washington and Idaho, including convenience stores and fuel retail sites under its Hele and nomnom brands, 76-branded fuel retail sites, and unattended cardlock stations selling gasoline, diesel and retail merchandise. Its Logistics segment generates revenue by charging fees for transporting crude oil to the company's refineries, delivering refined products to wholesale and bulk customers and to its retail business, and storing crude oil and refined products. As of December 31, 2025, its employees were distributed across operating segments in the United States as follows: 1,047 in Refining and Logistics, 522 in Retail and 189 in Corporate, for a total of 1,758. In 2025, one customer in its Refining segment accounted for 12% of its consolidated revenue.

Written from the business description in PAR PACIFIC HOLDINGS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 7.5B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 7.5 · Net income 0.4
4B8B200920112014201620182020202220242025
Compound annual growth
+0.6%
+19.0%
+13.7%
+37.8%
+0.5%
+5.6%
+347.8%
+155.1%
+40.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +19.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.2% · Net 4.9%
-200%-400%-600%200920112014201620182020202220242025
ROE
FY2025 · ROE 27.3%
50%-50%-100%-150%200920112014201620182020202220242025

Each USD of equity produced 27 cents of profit this year.

Cash & shareholders
USD 124.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 296.5
200M400M-40M-80M200920112014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 124.8
50M100M-100M-200M2009201120142020202220242025

USD 124.8M in buybacks — 34% of the year's profit went back to shareholders.

Total assetsUSD 3.8B
EquityUSD 1.5B
CashUSD 164.1M
Gross debtUSD 802.9M
Net debtUSD 638.8M
Current ratio1.61×

Net debt stands at 42% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201120102009
Revenue $B7.58.08.27.34.73.15.43.42.41.92.13.10.90.10.10.1
Operating income $B0.50.00.70.4−0.0−0.30.10.10.1−0.00.1−0.0−0.0−0.5−0.1−0.0
EBITDA $B0.70.20.80.50.1−0.20.20.10.10.00.1−0.0−0.0−0.4−0.00.0
Income tax $B0.1−0.0−0.10.00.0−0.0−0.10.0−0.0−0.0−0.0−0.00.0−0.00.00.0
Net income $B0.4−0.00.70.4−0.1−0.40.00.00.1−0.0−0.0−0.0−0.1−0.5−0.2−0.3
Free cash flow $B0.3−0.10.50.4−0.1−0.10.00.00.1−0.00.1−0.1−0.0−0.0−0.00.1
EPS, diluted $7.16−0.5911.946.08−1.40−7.680.800.851.57−1.08−1.06−1.44−4.01−16.30−6.63−15.58
Dividend / sh $················
Payout %················
ROE %27.3−2.673.680.0−31.8−91.57.08.217.8−12.9−12.6−18.1−48.1−166.5−35.4·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 62 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCrude Petroleum & Natural Gas
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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