Goldman Sachs Downgrades Par Pacific Hldgs to Neutral, Raises Price Target to $94

Par Petroleum (PARR) Reports Q3 Earnings: What Key Metrics Have to Say

Par Petroleum reported Q3 2026 revenue of $3.05 billion, up 51.6% year-over-year, significantly beating the consensus estimate of $2.37 billion by 28.97%. EPS of $10.70 exceeded expectations of $6.65 by 60.9%. The company demonstrated strong operational performance across most refining metrics, particularly in gross margins, though some throughput metrics came in slightly below analyst estimates. Despite the strong earnings beat, the stock has declined 17.6% over the past month.

8-K filing — PAR PACIFIC HOLDINGS, INC. (PARR)

Filed: 2026-11-04 AccNo: 0001628280-26-069724 Size: 836 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits

Par Pacific Holdings, Inc. Reports Third Quarter 2026 Financial Results

Par Pacific reported strong third-quarter 2026 financial results, including net income of $353.3 million and Adjusted EBITDA of $646.0 million, bolstered by small refinery exemption benefits.

This Workday Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Analysts downgraded Varonis, Eastman Chemical, Workday and FMC; price targets fell for Eastman, Varonis and FMC.

This Align Technology Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Analysts downgraded Envista, Cirrus Logic, ZTO Express, Align Technology and Par Pacific, with mixed price-target changes.

Shares of oil and gas refining and marketing companies are trading higher after BP issued a Q3 update that included a $1.9 to $2.1 billion boost from stronger refining margins, which may aid investor confidence in the sector's profitability. Also, bipartisan Congressional pushback on President Trump's plan to import Russian diesel may assuage concerns over competition from foreign oil product cargoes.