Analysts expect Par Pacific Holdings to report Q3 2026 revenue of $2.19 billion and EPS of $6.65, with the stock currently trading at approximately $72.52 against an average analyst price target of $90.43.
Investors are primarily focused on the company's refining margin capture rate and its ability to manage rising crude oil feedstock costs which spiked late in the quarter.
Supporting this performance, the company is operating at high utilization levels across its 219,000 bpd refining system, following a blockbuster second quarter that saw adjusted EBITDA reach $571 million. However, investors remain wary of how surging WTI spot prices, which averaged over $97 in September, may have compressed crack spreads relative to the prior year.