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- NYSE:PARR
Par Pacific Holdings Third Quarter 2024 Earnings: Beats Expectations
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
You should learn about the 3 warning signs we've spotted with Par Pacific Holdings (including 1 which is potentially serious).
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:PARR
Par Pacific Holdings
Owns and operates energy and infrastructure businesses.
Undervalued with adequate balance sheet.