PAR PACIFIC Reports Q3 FY2023 Earnings Results
November 27, 2023
🌥️Earnings Overview
PAR PACIFIC ($NYSE:PARR) revealed its financial results for the third quarter of FY2023, which ended on September 30 2023. Total revenue for the period was USD 2579.3 million, representing a rise of 25.4% compared to the same quarter the previous year. Unfortunately, net income was USD 171.4 million, a decrease of 35.9% year over year.
Price History
On Tuesday, PAR PACIFIC reported their Q3 FY2023 earnings results with their stock opening at $30.8 and closing at $32.5, up by 0.3% from last closing price of 32.4. The results displayed PAR PACIFIC’s ability to remain resilient in a challenging economic environment. Looking towards the future, PAR PACIFIC is positioning itself to capitalize on the increasing demand for energy solutions and continued focus on sustainability. They have also launched a number of innovative projects and initiatives that aim to reduce their environmental footprint while supporting their core operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Par Pacific. More…
| Total Revenues | Net Income | Net Margin |
| 7.86k | 524.04 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Par Pacific. More…
| Operations | Investing | Financing |
| 737.19 | -87.31 | 13.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Par Pacific. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.61k | 2.69k | 15.19 |
Key Ratios Snapshot
Some of the financial key ratios for Par Pacific are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.3% | 42.5% | 7.6% |
| FCF Margin | ROE | ROA |
| 8.7% | 40.8% | 10.4% |
Analysis
GoodWhale’s analysis of PAR PACIFIC‘s financials revealed an intermediate health score of 6/10 when it comes to its cashflows and debt. This suggests that, even if a crisis were to occur, PAR PACIFIC would likely be able to sustain future operations. PAR PACIFIC scored highly on growth, but was rated medium for its assets, profitability and dividend. Based on GoodWhale’s classification of PAR PACIFIC as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability, we suggest investors with high risk tolerance and those who favour growth in their investments may be interested in such a company. More…
Peers
The competition among Par Pacific Holdings Inc and its competitors is fierce. CVR Energy Inc, HF Sinclair Corp, and PBF Energy Inc are all major players in the petroleum refining industry, and each company is striving to gain market share. The company’s innovative approach to refining has allowed it to quickly gain market share and become a major competitor.
– CVR Energy Inc ($NYSE:CVI)
CVR Energy Inc. is a petroleum refining and marketing company. It owns and operates two petroleum refineries in the United States. CVR Energy’s operations are conducted through its subsidiaries, CVR refining LP and CVR Partners LP. The company was founded in 2008 and is headquartered in Sugar Land, Texas.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country. The company owns, operates and/or provides services to more than 190 television stations in 89 markets. Sinclair is the leading local news provider in the country, as well as a producer of sports content. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The company also owns and operates the Tennis Channel and the Ring of Honor professional wrestling promotion.
– PBF Energy Inc ($NYSE:PBF)
PBF Energy Inc is an American oil refining and marketing company. The company owns and operates oil refineries in the United States. PBF Energy Inc has a market cap of 5.73B as of 2022 and a Return on Equity of 52.76%. The company’s primary business is the refining of crude oil into petroleum products. PBF Energy Inc also owns and operates a petrochemical plant in Delaware City, Delaware.
Summary
PAR Pacific Holdings Inc.’s third quarter of fiscal year 2023 saw an increase in total revenue of 25.4%, reaching USD 2579.3 million. However, despite the positive revenue performance, net income decreased by 35.9% to USD 171.4 million. Investors may be concerned about this unexpected drop in profitability, so they should closely monitor PAR Pacific’s business performance in the coming quarters.
Related Posts
Recent Posts
