Par Petroleum (PARR) Q4 Results: Comparing Essential Metrics to Analyst Expectations

Par Petroleum Q4 2025 Financial Highlights

For the fourth quarter ending December 2025, Par Petroleum (PARR) posted revenue of $1.81 billion, reflecting a 1% decrease compared to the same quarter last year. Earnings per share (EPS) reached $1.17, a significant improvement from the previous year's loss of $0.79 per share.

The company’s revenue exceeded the Zacks Consensus Estimate of $1.71 billion by 5.9%. However, EPS fell slightly short of expectations, coming in 2.91% below the consensus estimate of $1.21.

While headline figures like revenue and earnings are closely monitored by investors, a deeper look at specific operational metrics can offer more meaningful insights into a company’s performance. Comparing these key indicators to both analyst forecasts and prior-year results helps investors better assess future stock movements.

Key Performance Metrics for Par Petroleum

• Total Refining - Feedstocks Throughput: 190,900 million barrels, surpassing the three-analyst average estimate of 189,129.2 million barrels.
• Hawaii Refinery - Feedstocks Throughput: 87.10 MMBBL/D, above the consensus estimate of 85.96 MMBBL/D.
• Washington Refinery - Feedstocks Throughput: 37.00 MMBBL/D, exceeding the average estimate of 36.08 MMBBL/D.
• Wyoming Refinery - Feedstocks Throughput: 14.40 MMBBL/D, slightly below the 15.53 MMBBL/D analyst average.
• Montana Refinery - Feedstocks Throughput: 52.40 MMBBL/D, ahead of the 51.55 MMBBL/D consensus.
• Adjusted Gross Margin per Barrel – Washington Refinery: $8.32, outperforming the two-analyst average of $6.39.
• Production Costs per Barrel – Wyoming Refinery: $13.27, higher than the two-analyst average of $10.25.
• Production Costs per Barrel – Washington Refinery: $4.57, above the $4.08 average estimate.
• Production Costs per Barrel – Hawaii Refinery: $4.15, lower than the two-analyst average of $4.70.
• Refining Revenue: $1.75 billion, beating the two-analyst average of $1.57 billion and representing a 1.2% year-over-year decline.
• Retail Revenue: $142.28 million, just under the two-analyst average of $145.87 million, but up 0.5% from the previous year.
• Logistics Revenue: $73.71 million, slightly below the $74 million analyst estimate, marking a 4.9% decrease year over year.

Over the past month, Par Petroleum shares have gained 22.5%, outpacing the Zacks S&P 500 composite’s 0.6% increase. The stock currently holds a Zacks Rank #3 (Hold), suggesting it may perform similarly to the broader market in the near term.