Par Pacific (PARR)
Refines and distributes fuels through an integrated western U.S. logistics and retail network.
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Refines crude oil into transportation fuels and asphalt across a four-refinery western U.S. system, then moves and sells products through logistics and branded retail. Operations span Hawaii, the Pacific Northwest, and the Rockies, where supply routes and refinery availability shape margins.
Operates four refineries in Hawaii, Washington, Wyoming, and Montana, converting crude into gasoline, diesel, jet fuel, asphalt, and other products for western U.S. markets. Storage, terminals, pipelines, marine, rail, rack, and trucking assets move feedstocks and finished fuels across the Pacific, Northwest, and Rockies.
Sells fuel and convenience merchandise through Hele and nomnom locations, third-party sites, and unattended cardlocks. A majority-owned renewable-fuels venture operates at the Hawaii refinery; a minority stake in Laramie Energy adds exposure to Colorado natural gas production.
Uses logistics and retail outlets to connect refinery output with local demand in geographically separated markets. Results depend on crude and feedstock costs, regional fuel demand, refining margins, refinery availability, logistics access, and compliance with environmental and fuel regulations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Raymond James | Reiterate | Rating: —Target: $85 | Target: $104 |
| Aug 11, 2026 | Mizuho Securities | Target | Target: $80 | Target: $85 |
| Jul 23, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $77 | Target: $92 |
| Jul 13, 2026 | Raymond James | Reiterate | Rating: —Target: $50 | Target: $85 |
| Jul 9, 2026 | Mizuho Securities | Target | Target: $79 | Target: $80 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $164.1M · Total debt $1.21B · Total assets $3.83B · Shareholders' equity $1.51B
- Revenue
- $2.97B
- Operating income
- $634.6M
- Net income
- $462.1M
No dividends on record.
| Institutions | ≈ 100.37% | 50.29M shares | |
|---|---|---|---|
| 383 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 2.53% | 1.27M shares | |
| 14 holders · as of Sep 15, 2026 | |||
| Strategic holders | 4.51% | 2.26M shares | |
| 1 holder · as of Feb 8, 2017 | |||
| Adds to | 107.41% | ||
50.10M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 107.41%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.31% | 7.17M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.68% | 3.35M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 5.48% | 2.75M | as of Jun 30, 2026 |
Brown Advisory Incorporated ("BA Inc.")Strategic | 4.51% | 2.26M | filed Feb 8, 2017 |
Vanguard Capital Management LLCInstitution | 4.25% | 2.13M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Terrill Pitkin | officer: SVP, Planning & Commercial | −3,815 | $84.50 |
| Sep 10, 2026 | Timothy Clossey | director | −10,970 | $84.00 |
| Sep 3, 2026 | William Monteleone | director, officer: President and CEO | −26,801 | $83.00 |
| Sep 2, 2026 | William Monteleone | director, officer: President and CEO | −40,000 | $81.30 |
| Aug 18, 2026 | William Pate | director | −68,852 | $80.75 |
- HF Sinclair
Closest western refining, marketing, logistics, and renewables peer
- Marathon Petroleum
Scale rival in refining, branded fuels, and midstream logistics
- Phillips 66
Diversified downstream rival across refining, logistics, and renewables
- Valero Energy
Large independent refiner with major renewable diesel and SAF scale
- PBF Energy
Merchant refiner with logistics and coastal West Coast exposure
- Delek US
Regional downstream peer in refining, logistics, and wholesale fuels
- CVR Energy
Smaller regional refiner with logistics and renewable-fuels exposure
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Par Pacific | $76.83 | −2.88% | $3.97B | 4.6 | 4.6 | 0.5 | +56.8% |
| HF Sinclair | $106.23 | −0.44% | $18.97B | 10.1 | 6.3 | 0.6 | +53.2% |
| Marathon Petroleum | $391.08 | +0.36% | $113.76B | 13.4 | 6.5 | 0.7 | +54.9% |
| Phillips 66 | $256.48 | −0.12% | $102.95B | 14.6 | 8.1 | 0.7 | +55.9% |
| Valero Energy | $379.37 | +0.59% | $108.59B | 15.6 | 7.7 | 0.8 | +48.8% |
| PBF Energy | $70.97 | −0.66% | $8.47B | 6.3 | 3.1 | 0.2 | +56.2% |
| Delek US | $71.47 | −2.55% | $4.49B | 20.6 | 4.8 | 0.4 | +47.8% |
| CVR Energy | $51.10 | −1.98% | $5.24B | 75.6 | 13.8 | 0.6 | +55.5% |
| Median | 14.6 | 6.5 | 0.6 | +54.9% |









