Par Pacific Holdings (NYSE:PARR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.14b (down 17% from 3Q 2023).

• Net income: US$7.49m (down 96% from 3Q 2023).

• Profit margin: 0.3% (down from 6.6% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.13 (down from US$2.85 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Par Pacific Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is expected to decline by 7.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 2.9%.

Performance of the American Oil and Gas industry.

The company's shares are down 4.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Par Pacific Holdings (of which 1 shouldn't be ignored!) you should know about.

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