PAR PACIFIC HOLDINGS, INC.
PARR · Crude Petroleum & Natural Gas · 50.1M shares · +5%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $56M (gross $68M, SBC $12M)
Reference price $54.04 · est. market cap ~$2.7B — last insider sale, 2026-03-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C67High-return but cyclical independent refiner whose FY2025 earnings were materially inflated by a one-off RIN/SRE gain.
Strengths
- Top-decile returns: ROA 9.6% (90th pct) and ROE 24.4% (86th pct)
- Sound balance sheet — current ratio 1.6 (79th), debt/equity 0.53 (75th), positive FCF $296M (63rd)
Risks
- ~$199.5M one-time small-refinery-exemption gain flatters net income; underlying margins are thin (net margin 4.9%, ocf margin 24th pct)
- Highly cyclical crack-spread/commodity exposure plus a 66-day Wyoming refinery outage hurting comparability
Notable findings
- Strong balance sheetStrong balance sheet — $164M cash & investments
- Insider sellingInsider selling — 11 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$9M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
7.2%
Net margin
4.9%
Return on equity
24.4%
Return on assets
9.6%
ROIC
18.4%
Revenue growth (QoQ)
0.6%
Debt / equity
0.5×
Net debt / EBITDA
0.9×
Current ratio
1.6×
Free cash flow
$296M
EBITDA
$683M
Tangible book value
$1.4B
Cash & investments
$164M
Stock comp / revenue
0.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-25 | Creamer Richard | Tax withheld | 1.7K | $64.19 |
| 2026-04-05 | Hatcher Katherine | Grant | 385 | $64.89 |
| 2026-04-05 | Clossey Timothy | Grant | 385 | $64.89 |
| 2026-04-05 | Davidson Phillip S | Other | 440 | $64.89 |
| 2026-04-05 | ANASTASIO CURT | Other | 317 | $64.89 |
| 2026-04-05 | ANASTASIO CURT | Grant | 385 | $64.89 |
| 2026-03-16 | Monteleone William | Sell | 40K | $54.85 |
| 2026-03-16 | Monteleone William | Sell | 60K | $53.58 |
| 2026-03-16 | Monteleone William | Option exercise | 60K | $16.52 |
| 2026-03-16 | Monteleone William | Sell | 8.7K | $53.73 |
| 2026-03-16 | Monteleone William | Option exercise | 49K | $19.73 |
| 2026-03-16 | Flores Shawn David | Sell | 7.2K | $54.04 |
| 2026-03-13 | Clossey Timothy | Sell | 6.1K | $54.06 |
| 2026-03-05 | Pitkin Terrill | Sell | 12K | $51.22 |
| 2026-03-02 | Clossey Timothy | Sell | 4.2K | $45.70 |
| 2026-02-27 | Guerra Ivan Daniel | Sell | 4.5K | $42.64 |
| 2026-02-27 | PATE WILLIAM | Option exercise | 104K | $17.00 |
| 2026-02-27 | PATE WILLIAM | Disposition | 104K | $42.67 |
| 2026-02-27 | PATE WILLIAM | Option exercise | 100K | $19.73 |
| 2026-02-27 | PATE WILLIAM | Disposition | 100K | $42.67 |
| 2026-02-27 | PATE WILLIAM | Option exercise | 159K | $16.52 |
| 2026-02-27 | PATE WILLIAM | Disposition | 159K | $42.67 |
| 2026-02-27 | PATE WILLIAM | Option exercise | 326K | $14.91 |
| 2026-02-27 | PATE WILLIAM | Disposition | 326K | $42.67 |
| 2026-02-27 | Creamer Richard | Sell | 14K | $42.71 |
| 2026-02-27 | Flores Shawn David | Sell | 8.2K | $42.75 |
| 2026-02-27 | Hollis Jeffrey Ryan | Sell | 15K | $41.62 |
| 2026-02-23 | Hollis Jeffrey Ryan | Tax withheld | 654 | $40.71 |
| 2026-02-23 | Pitkin Terrill | Tax withheld | 456 | $40.71 |
| 2026-02-23 | Mattiussi Danielle | Tax withheld | 640 | $40.71 |
| 2026-02-23 | Guerra Ivan Daniel | Tax withheld | 637 | $40.71 |
| 2026-02-23 | Flores Shawn David | Tax withheld | 796 | $40.71 |
| 2026-02-23 | Creamer Richard | Tax withheld | 685 | $40.71 |
| 2026-02-23 | Monteleone William | Tax withheld | 2.9K | $40.71 |
| 2026-02-21 | Flores Shawn David | Tax withheld | 2.9K | $42.75 |
| 2026-02-21 | Creamer Richard | Tax withheld | 2.1K | $42.75 |
| 2026-02-21 | Creamer Richard | Tax withheld | 2.1K | $42.75 |
| 2026-02-21 | Monteleone William | Tax withheld | 6.9K | $42.75 |
| 2026-02-21 | Hollis Jeffrey Ryan | Tax withheld | 2.5K | $42.75 |
| 2026-02-21 | Pitkin Terrill | Tax withheld | 1.5K | $42.75 |
| 2026-02-21 | Flores Shawn David | Tax withheld | 2.9K | $42.75 |
| 2026-02-21 | Monteleone William | Tax withheld | 6.9K | $42.75 |
| 2026-02-21 | Mattiussi Danielle | Tax withheld | 1.4K | $42.75 |
| 2026-02-21 | Hollis Jeffrey Ryan | Tax withheld | 2.5K | $42.75 |
| 2026-02-21 | Guerra Ivan Daniel | Tax withheld | 1.1K | $42.75 |
| 2026-02-21 | Mattiussi Danielle | Tax withheld | 1.4K | $42.75 |
| 2026-02-20 | Mattiussi Danielle | Grant | 6.1K | $42.75 |
| 2026-02-20 | Flores Shawn David | Grant | 9.8K | $42.75 |
| 2026-02-20 | Creamer Richard | Grant | 11K | $42.75 |
| 2026-02-20 | Monteleone William | Grant | 29K | $42.75 |
| 2026-02-20 | Hollis Jeffrey Ryan | Grant | 7.6K | $42.75 |
| 2026-02-20 | Flores Shawn David | Grant | 9.8K | $42.75 |
| 2026-02-20 | Pitkin Terrill | Grant | 8.2K | $42.75 |
| 2026-02-20 | Hollis Jeffrey Ryan | Grant | 7.6K | $42.75 |
| 2026-02-20 | Monteleone William | Grant | 29K | $42.75 |
| 2026-02-20 | Creamer Richard | Grant | 11K | $42.75 |
| 2026-02-20 | Mattiussi Danielle | Grant | 6.1K | $42.75 |
| 2026-02-20 | Guerra Ivan Daniel | Grant | 3.3K | $42.75 |
| 2026-02-18 | Flores Shawn David | Tax withheld | 626 | $42.23 |
| 2026-02-18 | Monteleone William | Tax withheld | 678 | $42.23 |
| 2026-02-18 | Pitkin Terrill | Tax withheld | 531 | $42.23 |
| 2026-02-18 | Flores Shawn David | Tax withheld | 626 | $42.23 |
| 2026-02-18 | Monteleone William | Tax withheld | 678 | $42.23 |
| 2026-02-18 | Hollis Jeffrey Ryan | Tax withheld | 723 | $42.23 |
| 2026-02-18 | Hollis Jeffrey Ryan | Tax withheld | 723 | $42.23 |
| 2026-02-18 | Guerra Ivan Daniel | Tax withheld | 840 | $42.23 |
| 2026-02-16 | Guerra Ivan Daniel | Tax withheld | 595 | $42.86 |
| 2026-02-16 | Flores Shawn David | Tax withheld | 1.2K | $42.86 |
| 2026-02-16 | Flores Shawn David | Grant | 13K | $42.86 |
| 2026-02-16 | Flores Shawn David | Tax withheld | 5.0K | $42.86 |
| 2026-02-16 | Mattiussi Danielle | Tax withheld | 483 | $42.86 |
| 2026-02-16 | Mattiussi Danielle | Grant | 6.6K | $42.86 |
| 2026-02-16 | Mattiussi Danielle | Tax withheld | 1.9K | $42.86 |
| 2026-02-16 | Creamer Richard | Tax withheld | 996 | $42.86 |
| 2026-02-16 | Creamer Richard | Grant | 17K | $42.86 |
| 2026-02-16 | Creamer Richard | Tax withheld | 5.7K | $42.86 |
| 2026-02-16 | Monteleone William | Tax withheld | 1.5K | $42.86 |
| 2026-02-16 | Monteleone William | Grant | 29K | $42.86 |
| 2026-02-16 | Monteleone William | Tax withheld | 11K | $42.86 |
| 2026-02-16 | Hollis Jeffrey Ryan | Tax withheld | 1.2K | $42.86 |
| 2026-02-16 | Hollis Jeffrey Ryan | Option exercise | 13K | $42.86 |
| 2026-02-16 | Hollis Jeffrey Ryan | Tax withheld | 5.1K | $42.86 |
| 2026-02-16 | Hollis Jeffrey Ryan | Tax withheld | 1.2K | $42.86 |
| 2026-02-16 | Monteleone William | Tax withheld | 1.5K | $42.86 |
| 2026-02-16 | Creamer Richard | Tax withheld | 996 | $42.86 |
| 2026-02-16 | Flores Shawn David | Tax withheld | 1.2K | $42.86 |
| 2026-02-16 | Mattiussi Danielle | Tax withheld | 483 | $42.86 |
| 2026-02-16 | Pitkin Terrill | Tax withheld | 423 | $42.86 |
| 2026-01-05 | ANASTASIO CURT | Grant | 671 | $37.26 |
| 2026-01-05 | ANASTASIO CURT | Other | 360 | $37.26 |
| 2026-01-05 | Clossey Timothy | Grant | 671 | $37.26 |
| 2026-01-05 | Davidson Phillip S | Other | 566 | $37.26 |
| 2026-01-05 | Hatcher Katherine | Grant | 671 | $37.26 |
| 2025-12-31 | Pitkin Terrill | Grant | 196 | $29.87 |
| 2025-11-21 | Monteleone William | Option exercise | 49K | $17.34 |
| 2025-11-21 | Monteleone William | Option exercise | 51K | $17.00 |
| 2025-11-21 | Monteleone William | Sell | 66K | $42.78 |
| 2025-11-21 | Monteleone William | Sell | 34K | $43.87 |
| 2025-11-13 | PATE WILLIAM | Gift | 25K | — |
| 2025-11-06 | Creamer Richard | Sell | 16K | $41.22 |
| 2025-10-05 | YEAMAN ERIC K | Grant | 728 | $34.32 |
| 2025-10-05 | ANASTASIO CURT | Other | 385 | $34.32 |
| 2025-10-05 | ANASTASIO CURT | Other | 659 | $34.32 |
| 2025-10-05 | ANASTASIO CURT | Grant | 728 | $34.32 |
| 2025-10-05 | Clossey Timothy | Grant | 728 | $34.32 |
| 2025-10-05 | Hatcher Katherine | Grant | 728 | $34.32 |
| 2025-10-05 | Davidson Phillip S | Other | 385 | $34.32 |
| 2025-10-05 | Martinez Patricia | Grant | 728 | $34.32 |
| 2025-09-15 | Clossey Timothy | Sell | 2.0K | $33.37 |
| 2025-09-02 | Flores Shawn David | Sell | 8.1K | $34.50 |
| 2025-09-02 | Guerra Ivan Daniel | Sell | 5.5K | $35.11 |
| 2025-09-02 | Hollis Jeffrey Ryan | Sell | 5.2K | $34.55 |
| 2025-08-14 | Pitkin Terrill | Sell | 5.2K | $27.97 |
| 2025-08-12 | PATE WILLIAM | Option exercise | 150K | $21.44 |
| 2025-08-12 | PATE WILLIAM | Disposition | 150K | $28.14 |
| 2025-08-12 | PATE WILLIAM | Option exercise | 100K | $17.34 |
| 2025-08-12 | PATE WILLIAM | Disposition | 100K | $28.14 |
| 2025-07-29 | Flores Shawn David | Tax withheld | 1.4K | $32.87 |
| 2025-07-05 | YEAMAN ERIC K | Grant | 795 | $31.45 |
| 2025-07-05 | Martinez Patricia | Grant | 795 | $31.45 |
| 2025-07-05 | Hatcher Katherine | Grant | 795 | $31.45 |
| 2025-07-05 | Clossey Timothy | Grant | 795 | $31.45 |
| 2025-07-05 | ANASTASIO CURT | Other | 461 | $31.45 |
| 2025-07-05 | ANASTASIO CURT | Other | 508 | $31.45 |
| 2025-07-05 | ANASTASIO CURT | Grant | 795 | $31.45 |
| 2025-06-30 | Creamer Richard | Grant | 665 | $22.55 |
| 2025-06-30 | Pitkin Terrill | Grant | 405 | $22.55 |
| 2025-04-25 | Creamer Richard | Tax withheld | 1.0K | $14.38 |
| 2025-04-05 | Hatcher Katherine | Grant | 1.9K | $12.92 |
| 2025-04-05 | Davidson Phillip S | Other | 440 | $12.92 |
| 2025-04-05 | ANASTASIO CURT | Other | 440 | $12.92 |
| 2025-04-05 | ANASTASIO CURT | Other | 316 | $12.92 |
| 2025-04-05 | ANASTASIO CURT | Grant | 1.9K | $12.92 |
| 2025-04-05 | Martinez Patricia | Grant | 1.9K | $12.92 |
| 2025-04-05 | Clossey Timothy | Grant | 1.9K | $12.92 |
| 2025-04-05 | YEAMAN ERIC K | Grant | 1.9K | $12.92 |
| 2025-02-23 | Hollis Jeffrey Ryan | Tax withheld | 395 | $15.62 |
| 2025-02-23 | Flores Shawn David | Tax withheld | 789 | $15.62 |
| 2025-02-23 | Monteleone William | Tax withheld | 2.9K | $15.62 |
| 2025-02-23 | Mattiussi Danielle | Tax withheld | 749 | $15.62 |
| 2025-02-23 | Creamer Richard | Tax withheld | 833 | $15.62 |
| 2025-02-23 | Guerra Ivan Daniel | Tax withheld | 505 | $15.62 |
| 2025-02-21 | Monteleone William | Grant | 72K | $15.62 |
| 2025-02-21 | Hollis Jeffrey Ryan | Grant | 19K | $15.62 |
| 2025-02-21 | Creamer Richard | Grant | 26K | $15.62 |
| 2025-02-21 | Flores Shawn David | Grant | 23K | $15.62 |
| 2025-02-21 | Mattiussi Danielle | Grant | 14K | $15.62 |
| 2025-02-21 | Guerra Ivan Daniel | Grant | 9.0K | $15.62 |
| 2025-02-19 | Guerra Ivan Daniel | Tax withheld | 656 | $15.73 |
| 2025-02-19 | Hollis Jeffrey Ryan | Tax withheld | 331 | $15.73 |
| 2025-02-19 | Monteleone William | Tax withheld | 1.1K | $15.73 |
| 2025-02-19 | Flores Shawn David | Tax withheld | 667 | $15.73 |
| 2025-02-18 | Hollis Jeffrey Ryan | Tax withheld | 547 | $15.92 |
| 2025-02-18 | Monteleone William | Tax withheld | 678 | $15.92 |
| 2025-02-18 | Flores Shawn David | Tax withheld | 715 | $15.92 |
| 2025-02-18 | Guerra Ivan Daniel | Tax withheld | 597 | $15.92 |
| 2025-02-16 | Mattiussi Danielle | Tax withheld | 483 | $15.84 |
| 2025-02-16 | Guerra Ivan Daniel | Tax withheld | 414 | $15.84 |
| 2025-02-16 | Flores Shawn David | Tax withheld | 1.2K | $15.84 |
| 2025-02-16 | Hollis Jeffrey Ryan | Tax withheld | 818 | $15.84 |
| 2025-02-16 | Monteleone William | Tax withheld | 1.7K | $15.84 |
| 2025-02-16 | Creamer Richard | Tax withheld | 1.1K | $15.84 |
| 2025-01-05 | ANASTASIO CURT | Other | 361 | $16.70 |
| 2025-01-05 | ANASTASIO CURT | Grant | 1.5K | $16.70 |
| 2025-01-05 | Hatcher Katherine | Grant | 1.5K | $16.70 |
| 2025-01-05 | Davidson Phillip S | Other | 566 | $16.70 |
| 2025-01-05 | Clossey Timothy | Grant | 1.5K | $16.70 |
| 2025-01-05 | YEAMAN ERIC K | Grant | 1.5K | $16.70 |
| 2025-01-05 | Martinez Patricia | Grant | 1.5K | $16.70 |
| 2025-01-05 | ANASTASIO CURT | Other | 566 | $16.70 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-14 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-05-11 | Reg FDExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-05-04 | Shareholder vote | filing ↗ |
| 2026-02-24 | ResultsExhibits | filing ↗ |
| 2025-12-19 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-10-22 | Material agreementReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-14 | 2026-05-14 | 0001193125-26-224142 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001193125-26-215799 ↗ |
| 10-Q | 2026-05-06 | 2026-03-31 | 0000821483-26-000010 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001628280-26-030714 ↗ |
| 8-K | 2026-05-04 | 2026-04-30 | 0001437749-26-014568 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0000821483-26-000005 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001628280-26-011234 ↗ |
| 8-K | 2025-12-19 | 2025-12-16 | 0001437749-25-038429 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001628280-25-049474 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001628280-25-048903 ↗ |
| 8-K | 2025-10-22 | 2025-10-21 | 0001437749-25-031441 ↗ |
| 8-K | 2025-10-03 | 2025-10-02 | 0001437749-25-030476 ↗ |