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Par Pacific to Report Q3 Earnings: What's in Store for the Stock?

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Key Takeaways

  • PARR's Q3 EPS is estimated at $6.57, up 10.4% year over year, despite one recent downward revision.
  • Higher crude prices may pressure PARR's refining margins by raising feedstock costs for gasoline and diesel.
  • Strong U.S. refinery utilization and resilient fuel demand may help offset the impact of higher crude costs.

Par Pacific Holdings Inc. (PARR - Free Report) is set to report third-quarter 2026 results on Nov. 3, after the closing bell.

In the last reported quarter, PARR reported adjusted earnings of $10.10 per share, beating the Zacks Consensus Estimate of $8.20 per share due to strong refining economics and commercial execution.

The refiner’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missed it twice, delivering an average surprise of 48.67%. This is depicted in the graph below.

Par Pacific Holdings, Inc. Price and EPS Surprise

Par Pacific Holdings, Inc. Price and EPS Surprise

Par Pacific Holdings, Inc. price-eps-surprise | Par Pacific Holdings, Inc. Quote

Estimate Trend for PARR

The Zacks Consensus Estimate for third-quarter earnings per share (EPS) of $6.57 has seen one downward revision but no upward revision over the past seven days. The estimated figure indicates a 10.4% improvement from the prior-year reported figure.

The Zacks Consensus Estimate for revenues of $2.16 billion implies a 7.5% increase from the year-ago recorded figure.

Factors to Consider for PARR's Q3 Results

To understand how oil prices behaved in the September quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration (“EIA”). The average Cushing, OK, WTI spot prices for July, August and September of this year were $80.46 per barrel, $83.90 per barrel and $97.31 per barrel, respectively, per EIA data. Commodity prices were $68.39 per barrel, $64.86 per barrel and $63.96 per barrel in July, August and September of 2025, respectively, according to the EIA.

A constructive oil-price backdrop, driven by the Iran war, is likely to have hurt Par Pacific’s refining business in the third quarter, since input costs to produce final products like gasoline, diesel fuel and others were higher.

However, the high utilization of refineries in the United States to meet resilient demand is likely to have largely offset the negative impacts of high input costs.

Q3 Earnings Whispers for PARR Stock

Our proven model does not indicate an earnings beat for PARR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you will see below.

Earnings ESP: PARR has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Zacks Rank: Par Pacific currently sports a Zacks Rank #1.

Stocks to Consider

Here are some energy stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.

ExxonMobil Holdings Corporation (XOM - Free Report) has an Earnings ESP of +6.03% and currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

XOM is scheduled to release third-quarter 2026 earnings on Oct. 30. The Zacks Consensus Estimate for XOM’s earnings is pegged at $3.90 per share, indicating a 107.5% improvement from the prior-year reported figure.

EOG Resources (EOG - Free Report) has an Earnings ESP of +0.79% and carries a Zacks Rank #2 at present. EOG is scheduled to release third-quarter 2026 earnings on Nov. 5.

The Zacks Consensus Estimate for EOG’s earnings is pegged at $4.45 per share, suggesting a 64.2% improvement from the prior-year reported figure.

BP plc (BP - Free Report) has an Earnings ESP of +7.13% and a Zacks Rank #1. BP is scheduled to release third-quarter 2026 earnings on Oct. 30.

The Zacks Consensus Estimate for BP’s earnings is pegged at $2.66 per share, suggesting a 212.9% increase from the prior-year reported figure.

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