Par Pacific (PARR) slides 10% as investors weigh Q1 earnings quality and near-term refining outlook

Par Pacific Holdings, Inc. (PARR) is down 10.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to the market’s reaction to Par Pacific’s first-quarter 2026 earnings release and follow-up commentary, where the headline profit was overshadowed by a weaker “adjusted” earnings figure and items that can pressure near-term cash flow. Investors also seemed to focus on refining-margin volatility (including price-lag impacts) and a Q2 operating cadence that reflects planned maintenance/turnaround activity.

Details:

Par Pacific reported net income attributable to common stockholders of $54.5 million for Q1 2026 (GAAP diluted EPS of $1.10).

Alongside GAAP profitability, the company disclosed adjusted diluted EPS of $0.78, which can drive negative reactions when expectations were higher.

Hawaii’s reported adjusted gross margin included a sizable net price-lag impact (approximately negative $125.5 million), highlighting how timing effects can swing results.

On the earnings call, management discussed Q2 throughput expectations by refinery, including lower Hawaii volumes tied to planned turnaround timing, which can imply softer near-term earnings power.

Sources:

Par Pacific, U.S. SEC, The Motley Fool

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PARR Insider Trading Activity

$PARR insiders have traded $PARR stock on the open market 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 have been sales.

Here’s a breakdown of recent trading of $PARR stock by insiders over the last 6 months:

WILLIAM MONTELEONE (President and CEO) has made 0 purchases and 3 sales selling 108,948 shares for an estimated $5,889,532.
RICHARD CREAMER (EVP - Refining and Logistics) has made 0 purchases and 2 sales selling 30,348 shares for an estimated $1,272,549.
SHAWN DAVID FLORES (See Remarks) has made 0 purchases and 2 sales selling 15,357 shares for an estimated $737,427.
JEFFREY RYAN HOLLIS (See Remarks) sold 15,350 shares for an estimated $638,867
TIMOTHY CLOSSEY has made 0 purchases and 2 sales selling 10,322 shares for an estimated $522,736.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$PARR Hedge Fund Activity

We have seen 162 institutional investors add shares of $PARR stock to their portfolio, and 148 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MEREWETHER INVESTMENT MANAGEMENT, LP added 734,400 shares (+inf%) to their portfolio in Q4 2025, for an estimated $25,806,816
SG AMERICAS SECURITIES, LLC removed 488,591 shares (-86.6%) from their portfolio in Q1 2026, for an estimated $30,605,340
AVENTAIL CAPITAL GROUP, LP removed 479,272 shares (-82.9%) from their portfolio in Q4 2025, for an estimated $16,841,618
QUBE RESEARCH & TECHNOLOGIES LTD added 455,742 shares (+332.5%) to their portfolio in Q4 2025, for an estimated $16,014,773
TWO SIGMA INVESTMENTS, LP added 382,521 shares (+335.2%) to their portfolio in Q4 2025, for an estimated $13,441,787
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 350,375 shares (-77.3%) from their portfolio in Q4 2025, for an estimated $12,312,177
WELLS FARGO & COMPANY/MN added 320,326 shares (+810.8%) to their portfolio in Q4 2025, for an estimated $11,256,255

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$PARR Government Contracts

We have seen $200,102,247 of award payments to $PARR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

8511373480!TURBINE FUEL,AVIATION: $17,416,758
8511444427!TURBINE FUEL,AVIATION: $9,831,066
8511653838!TURBINE FUEL,AVIATION: $9,828,352
8511653893!TURBINE FUEL,AVIATION: $9,047,354

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$PARR Analyst Ratings

Wall Street analysts have issued reports on $PARR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 11/14/2025

To track analyst ratings and price targets for $PARR, check out Quiver Quantitative's $PARR forecast page.

$PARR Price Targets

Multiple analysts have issued price targets for $PARR recently. We have seen 7 analysts offer price targets for $PARR in the last 6 months, with a median target of $72.0.

Here are some recent targets:

Neil Mehta from Goldman Sachs set a target price of $77.0 on 04/10/2026
Manav Gupta from UBS set a target price of $60.0 on 04/09/2026
Ryan Todd from Piper Sandler set a target price of $72.0 on 04/08/2026
John Royall from JP Morgan set a target price of $77.0 on 04/08/2026
Justin Jenkins from Raymond James set a target price of $77.0 on 03/25/2026
Nitin Kumar from Mizuho set a target price of $58.0 on 03/17/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.